Prediction markets have entered the financial mainstream. Once a niche concept limited to crypto circles and academic experiments, they are now attracting major players—from DraftKings and Kraken to Intercontinental Exchange (ICE)—signaling a new era in event-based trading. At the heart of this evolution lies an important question: Are prediction markets innovative financial instruments, or cleverly … Read more
DraftKings Inc. (Nasdaq: DKNG) has officially entered the rapidly growing world of regulated prediction markets through its acquisition of Railbird Technologies Inc. and its subsidiary Railbird Exchange, LLC, a federally licensed exchange designated by the Commodity Futures Trading Commission (CFTC). The acquisition marks a major strategic expansion beyond sports betting and daily fantasy, aligning DraftKings … Read more
As the U.S. government shutdown enters its third week, the cryptocurrency industry is facing a new kind of uncertainty — not from market volatility, but from Washington’s paralysis. The shutdown, now on day 22, has forced federal agencies to suspend or slow down key regulatory work, leaving the Digital Asset Market Clarity Act (CLARITY Act) … Read more