DraftKings announced today its entry into the decentralized prediction market by designating Polymarket Clearing as its official clearinghouse. The agreement was confirmed by Polymarket founder Shayne Coplan, who celebrated the collaboration following DraftKings’ acquisition of Railbird.
The partnership makes Polymarket the financial intermediary for DraftKings’ new prediction division, which will operate through its upcoming mobile app, DraftKings Predictions. The deal marks the sports betting giant’s first move into a market that blends real-time data with blockchain infrastructure.
The announcement comes amid growing competition in the sector, where Kalshi and Polymarket both hold valuations exceeding $10 billion. DraftKings, publicly traded with a $17 billion market capitalization, aims to leverage its scale to quickly establish a strong position in the space
Source: https://x.com/shayne_coplan/status/1981001482549031349
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
