A US securities filing indicates DraftKings sold at least $100 million in shares on 21 October. The filing does not say the sale funded the company’s announced Railbird acquisition, and DraftKings has not disclosed the acquisition’s financial terms.
The reported share sale may affect DraftKings’ financing of its Railbird acquisition and dilute existing shareholders.
Quarter ended 30 September 2026
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DraftKings unveiled DKeX, a prediction markets exchange powered by Railbird, reportedly, according to a report dated 26 June 2026. The exchange is intended for DraftKings Predictions.
Novig said the Commodity Futures Trading Commission approved its registration as a designated contract market, enabling it to offer event contracts. The company plans to introduce sports markets across the United States but has not named initial states; it has set a minimum user age of 21.
Railbird Exchange filed with the CFTC to list six sports-related contract products for DraftKings Predictions, including game winners, player props and spreads. The filings cover sports including baseball, basketball, football, golf, hockey, MMA, motor sports, soccer and tennis; the proposed contracts could include college and international leagues.
DraftKings Exchange filed contract materials with the CFTC for prediction markets based on short periods of sporting events and player statistics, according to the report. The filings describe markets on outcomes such as the next football drive or a goal within five minutes; the company has not clarified whether it will offer these contracts.
DraftKings chief executive Jason Robins said on the company’s first-quarter call that its market-making arm, launched earlier in 2026, had already generated a positive return. DraftKings plans to offer a proprietary prediction-market exchange through Railbird Exchange; the company acquired Railbird for $84.8m, the report said.