Clearinghouse
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BSCNยท 2025-10-23 12:40
Partnerships & Acquisitions - DraftKings acquired Railbird Technologies to enter the prediction market space [1] - Polymarket will handle clearing and settlement for DraftKings' new predictions market [1][2] Market Expansion & Strategy - DraftKings Predictions is expected to launch as a mobile app in the coming months, covering finance, entertainment, culture, and more [2] - DraftKings can leverage its distribution and brand recognition to potentially reshape the US predictions market [3] - Polymarket's clearinghouse expertise comes from its $112 million acquisition of QCEX in June, marking a major push into US derivatives [3] Market Trends & Performance - October's prediction markets are breaking records: over $463 billion traded in the first 23 days alone, smashing September's $417 billion [3] - Kalshi leads this month with $287 billion, its highest monthly total ever [3] - Polymarket minimizes risk for participants by ensuring trades are verified, collateral is secured, and contracts settle fairly [1]