DraftKings introduced at the moment its entry into the decentralized prediction market by designating Polymarket Clearing as its official clearinghouse. The settlement was confirmed by Polymarket founder Shayne Coplan, who celebrated the collaboration following DraftKings’ acquisition of Railbird.
The partnership makes Polymarket the monetary middleman for DraftKings’ new prediction division, which can function by way of its upcoming cell app, DraftKings Predictions. The deal marks the sports activities betting big’s first transfer right into a market that blends real-time information with blockchain infrastructure.
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The announcement comes amid rising competitors within the sector, the place Kalshi and Polymarket each maintain valuations exceeding $10 billion. DraftKings, publicly traded with a $17 billion market capitalization, goals to leverage its scale to rapidly set up a powerful place within the area
Supply: https://x.com/shayne_coplan/standing/1981001482549031349
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