Kraken said it completed a $100m acquisition of Small Exchange, a US derivatives market regulated by the CFTC. The deal comprises $32.5m in cash and $67.5m in stock; Kraken and IG Group will also partner to distribute the contracts.
The acquisition gives Kraken a CFTC-regulated derivatives market, with IG Group providing a distribution partnership.
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Jumbo Interactive completed its acquisition of US prize draw operator Dream Giveaway on 30 October, at an enterprise value of $55.4m. The transaction was funded with $20.9m in existing cash and $36.9m in debt; customary completion adjustments brought upfront cash consideration to $57.8m. Jumbo said Dream Giveaway's management team will remain in place.
DraftKings has reportedly completed its acquisition of Railbird Technologies and its subsidiary, Railbird Exchange. DraftKings confirmed a forthcoming app for trading regulated event contracts, while the acquisition gives it Railbird’s technology and licensing foundation.
Merkur said it completed its acquisition of Gaming Arts on 15 September 2025, following approval by the Nevada Gaming Commission. Merkur said the deal would add its cabinets to Gaming Arts’ product range and support its return to the US market.
Apollo Global Management said it completed its acquisitions of IGT’s gaming and digital business and Everi Holdings after Nevada Gaming Commission approval. The $6.3 billion transaction takes the businesses private; Everi shareholders will receive $14.25 per share in cash, while IGT will receive $4.05 billion in cash proceeds.
Wind Creek Hospitality completed its acquisition of Birmingham Race Course and Casino in Alabama. The facility will continue offering pari-mutuel and historical horse racing games while Wind Creek works with local officials on expansion plans; the acquisition price was not stated.