DraftKings Enters Prediction Markets with Polymarket Acquisition

Sports betting giant DraftKings has acquired prediction market platform Railbird, marking a strategic move into the growing Web3 space. This acquisition will power the launch of a dedicated prediction market platform, allowing users to bet on real-world outcomes such as elections, sports events, and financial markets. 🤝 Polymarket, known for its fast-settling, data-driven prediction markets, has been chosen as the clearinghouse for this new platform. This partnership bridges regulated betting platforms with blockchain technology, creating a new frontier in both crypto and online gambling.