DraftKings is reportedly in talks to buy Railbird, which is a regulated prediction market platform, according to Front Row Sports Exchange.

Railbird is based in New York and was founded in 2021 by Miles Saffran and Edward Tian, who were both former analysts at the investment firm Point72.

In June 2025, the company received approval from the U.S. Commodity Futures Trading Commission to operate as a Designated Contract Market, making it one of the few legally regulated prediction markets in the US.