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Benzinga
Benzinga
Business
Adam Eckert

DraftKings Stock Surges Following Acquisition To Launch Prediction Markets

DraftKings

DraftKings Inc (NASDAQ:DKNG) shares are rising in extended trading on Tuesday after the company announced an acquisition to support its entry into prediction markets.

What To Know: DraftKings will acquire Railbird Technologies and its wholly owned subsidiary, Railbird Exchange, a federally licensed exchange designated by the Commodity Futures Trading Commission. 

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