DraftKings is currently in acquisition talks with Railbird Exchange, an upstart prediction markets platform which recently gained federal licensure, a source told Front Office Sports. Financial terms were not known, and a deal has not been finalized.
“DraftKings speaks to a variety of companies regarding various matters in the normal course of business, and it is our general policy not to comment on the specifics of any of those discussions,” a spokesperson for the sportsbook told FOS in a statement. Railbird did not respond to a request for comment.
The discussions come amid widespread industry belief that sportsbooks and prediction markets will become intertwined in the coming months.
