DraftKings partners with Polymarket to facilitate trades in prediction markets.

DraftKings Enters Prediction Market: DraftKings has acquired Railbird, a regulated prediction market platform, and will use Polymarket as its clearinghouse for a new prediction market expected to launch as a mobile app soon.

Polymarket's Growth and Partnerships: Polymarket has made significant moves this month, including integrations with World App and MetaMask, and has received a $2 billion investment from Intercontinental Exchange, boosting its valuation to $9 billion.

Surge in Prediction Market Activity: Prediction markets are experiencing a surge in trading volume, with Polymarket and Kalshi combining for over $4.63 billion in trading volume in October, surpassing previous records.

Regulatory Approval and Market Dynamics: Railbird, founded in 2021, received regulatory approval from the CFTC in June, highlighting the growing interest and regulatory acceptance of prediction markets in the financial landscape.