DraftKings is reportedly in talks to acquire Railbird Exchange, a newly licensed designated contract market, but no agreement or terms have been announced. DraftKings said it discusses a range of matters with companies and does not comment on specific discussions; Railbird received its CFTC licence on 18 June.
A deal could give DraftKings a route into prediction markets, but discussions have not produced announced terms.
Quarter ended 30 September 2026
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Kalshi was reportedly in talks to raise $1bn at a $40bn valuation, according to a report published on 30 September 2026. Sequoia and Wellington were expected to co-lead the round, with Tiger Global and Dragoneer among the prospective new backers.
Polymarket is reportedly in early discussions to raise capital at a valuation of $12 billion to $15 billion, according to people familiar with the talks. The discussions follow a reported $2 billion commitment from Intercontinental Exchange that valued Polymarket at about $8 billion earlier this month; no terms for the prospective fundraise were stated.
DraftKings chief executive Jason Robins discussed early football-season data on the operator’s sports betting and prediction-markets activity. He said future success did not depend on sports contracts surviving a Supreme Court challenge, according to the report.
Reportedly, Manipulation risks in prediction markets featured prominently at the CFTC’s inaugural Innovation Advisory Committee meeting.
Reportedly, the Indian Gaming Association's conference chairman addressed how tribes are responding to the growth of sports event contracts from prediction markets. The spread of such contracts creates uncertainty for federally recognised tribes, prompting discussions about the next steps in the fight.