DraftKings has announced plans to launch a federally regulated sports prediction market platform by the end of 2025, aiming to expand into states like California and Texas. This expansion comes after their recent acquisition of Railbird Exchange, a federally licensed market. Jason Robins, CEO of DraftKings, revealed that this new platform, named DraftKings Predictions, is inspired by Polymarket-style products and seeks to capitalize on the growing demand for online sports betting in currently unregulated states. The launch aims to capitalize on the potential financial benefits while potentially driving regulatory change and facilitating expansion for legal sports betting across the United States.