Key Takeaways
- Polymarket acts as DraftKings’ clearinghouse as it expands into prediction markets.
- DraftKings acquired Railbird to launch its own prediction market offerings beyond sports, covering finance, culture, and entertainment.
DraftKings, a sports betting company, has partnered with Polymarket, a prediction market platform, as it enters the prediction markets space.
DraftKings acquired Railbird to launch its own prediction markets focused on finance, culture, and entertainment events. The company is positioning itself to compete with established players like Polymarket in non-sports event trading.
Polymarket was recently greenlit by the CFTC for US operations. The platform has formed strategic partnerships with major entities, including becoming X’s official prediction market partner to integrate real-time forecasting into user discussions.
The prediction market platform has also partnered with the NHL for official branding in sports-related forecasting and formed alliances with platforms like Stocktwits to embed real-time event probabilities directly into community conversations.
Source: https://cryptobriefing.com/draftkings-polymarket-prediction-markets-partnership/
