DraftKings has made a significant move in the prediction market space by acquiring Railbird, a company registered with the CFTC. This strategic acquisition will expand DraftKings’ offerings and leverage Polymarket’s blockchain platform for this new venture. The CEO of DraftKings, Jason Robins, expressed excitement about the potential of prediction markets to contribute incremental growth for the company. This acquisition is not directly related to any major cryptocurrencies but signifies a move toward diversifying revenue streams through blockchain technology. DraftKings has been focusing on expanding its market reach beyond just sports betting and this strategic purchase positions them to potentially shape the future of prediction markets, particularly with their established brand, expertise in mobile products and integration with blockchain.