Railbird Exchange Inc.

Railbird Exchange Inc. , based in the US, operates as a regulated exchange specializing in event contracts, enabling users to engage in prediction markets surrounding real-world events. Founded in 2021 and headquartered in New York, Railbird Exchange Inc. offers an innovative platform for trading event contracts.

The company does not have known subsidiaries or parent companies. It has completed one deal, with the most recent deal occurring on October 21, 2025. The company was acquired by DraftKings, Inc. , leveraging Railbird's technology and expertise to enter new markets.

Railbird operates as a federally regulated exchange specializing in event contracts that allow users to trade positions based on the outcomes of real-world events. This enables participation in prediction markets where contract prices reflect the likelihood of specific events, such as election results or weather patterns. The platform serves a diverse clientele, including individual investors aged 18 and over with valid identification and U. S.

bank accounts, as well as businesses and financial institutions. Railbird's platform is accessible to users across all 50 states in the United States. Railbird generates revenue through the trading of event contracts where participants predict future occurrences. Revenue is derived from transaction fees associated with trades made by users engaging with the platform, positioning Railbird within the financial services industry by providing a unique trading mechanism that appeals to individual investors and institutional clients.

Following its acquisition by DraftKings, Inc. on October 21, 2025, Railbird Exchange Inc. aims to expand its market reach by utilizing its technology and licenses. This strategic move is expected to facilitate entry into new markets, leveraging DraftKings' established presence.

The rationale behind the acquisition highlights the intention to utilize Railbird's expertise to enhance market offerings.