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BSCNยท2025-10-23 04:39

Partnerships & Acquisitions - DraftKings acquired Railbird Technologies to enter the prediction market space [1] - Polymarket will act as the clearinghouse for DraftKings' new prediction platform [1][2] Market Expansion & Strategy - DraftKings Predictions is set to launch as a mobile app in the coming months, covering finance, entertainment, and culture [2] - DraftKings aims to reshape the US predictions market by leveraging its distribution and brand recognition [3] Market Trends & Performance - October's prediction markets have already traded over $463 billion in the first 23 days, surpassing September's $417 billion [3] - Kalshi leads October with $287 billion, marking its highest monthly total [3] Polymarket's Expansion - Polymarket's clearinghouse expertise is strengthened by its $112 million acquisition of QCEX in June, signaling a major push into US derivatives [3] - Polymarket will ensure trade verification, collateral security, and fair contract settlement, minimizing risk [1]