Reported 1 day ago
DraftKings is reportedly in discussions to acquire Railbird, a regulated prediction market platform, as part of its strategy to diversify beyond traditional sports betting. This move follows DraftKings' unsuccessful attempt to secure its own prediction market license and aims to tap into the growing interest in event-based trading. Despite facing regulatory challenges, the potential acquisition aligns with DraftKings’ plans to enhance its digital offerings and drive long-term growth. Analysts remain optimistic about DKNG stock, with a significant number recommending 'Strong Buy' and a projected price target indicating strong potential for appreciation.
Source: YAHOO