DraftKings Inc. has made its most aggressive move beyond traditional sports betting by acquiring Railbird Technologies Inc., a federally regulated trading exchange licensed by the Commodity Futures Trading Commission. The strategic acquisition, announced Tuesday, positions the company to capitalize on growing demand for real-money wagering on future events through a compliant platform, sparking an immediate 8.3% surge in aftermarket trading as investors embraced the expansion into contested prediction markets.
about DraftKings Acquires CFTC-Regulated Prediction Market Exchange
CryptoMarket Report 
November 6, 2025 | 21:21
November 6, 2025 | 21:21
FinanceMarket Report November 6, 2025 | 20:23
November 6, 2025 | 20:23
DraftKings
1 in Finance and 1 in Crypto last week
Judge Rules Bored Ape NFTs Are Not Securities
In a landmark decision that provides crucial legal clarity for the digital asset industry, a California federal judge has dismissed a class-action lawsuit against Yuga Labs, ruling that Bored Ape Yacht Club NFTs do not qualify as securities. The ruling by Judge Fernando M. Olguin represents a significant victory for the embattled crypto company and establishes important distinctions between NFTs sold through third-party marketplaces versus proprietary platforms, contrasting sharply with previous cases where other NFT collections were deemed securities.
about Judge Rules Bored Ape NFTs Are Not SecuritiesPrizePicks Wins First Sports FCM License for Prediction Markets
PrizePicks has become the first sports entertainment operator to receive a Futures Commission Merchant license from the National Futures Association, enabling its entry into the rapidly growing prediction market space. This regulatory milestone follows European lottery giant Allwyn International’s $1.6 billion acquisition of a majority stake in the company earlier this week. The move positions PrizePicks alongside FanDuel as major sports betting players expanding into prediction markets.
about PrizePicks Wins First Sports FCM License for Prediction MarketsMyriad Markets: Crypto Predictions & NFL Upset Odds
Myriad’s prediction markets show significant activity this week as crypto prices slide. For Solana, predictors give a 69% chance it hits $250 before $130, despite recent 3% declines to $204.79. Bitcoin predictors are 66% bearish, betting BTC will drop below $105,000 in September despite trading at $109,750. Meanwhile, the NFL market offers a +390 payout for a Cowboys upset against the Eagles—better than DraftKings’ +320 odds. Over $40,000 is in play across these markets, with crypto movements influenced by upcoming ETF decisions and network upgrades.
about Myriad Markets: Crypto Predictions & NFL Upset OddsPolygon NFTs Hit $2B Sales, Courtyard Rivals DraftKings
Polygon’s NFT ecosystem has achieved a major milestone, surpassing $2 billion in all-time sales volume, with Courtyard emerging as a key player rivaling DraftKings. CryptoSlam data reveals steady monthly growth, starting at $16.3 million in November 2024 and climbing to $37 million by February 2025. This upward trend underscores increasing interest and adoption of Polygon-based digital collectibles, positioning the network as a strong contender in the NFT space.
about Polygon NFTs Hit $2B Sales, Courtyard Rivals DraftKingsDraftKings Stock Upgrade: Exceeding Expectations in Market Growth Sparks Buy Rating
DraftKings’ stock has been upgraded to a buy from a hold, as the company has exceeded expectations by successfully growing its engagement in existing markets. This upgrade reflects the market leaders’ promising performance and potential for further growth.
about DraftKings Stock Upgrade: Exceeding Expectations in Market Growth Sparks Buy RatingStock Market Update: Jobs Report Impact, Apple and Amgen Surge
Stock markets surged after weaker-than-expected jobs growth in April, with Apple and Amgen driving gains. The U.S. economy added 175,000 nonfarm payrolls, falling short of estimates, while Apple exceeded expectations and Amgen’s surge impacted Dow. Other companies like Cloudflare, DraftKings, Booking, and Texas Roadhouse also saw notable movements in the market.
about Stock Market Update: Jobs Report Impact, Apple and Amgen SurgeStock Market Update: Apple, Coinbase, Nvidia, and Other Earnings Report
The stock market rallied with Apple and Nvidia leading the way, while Coinbase, Texas Roadhouse, MercadoLibre, and Booking Holdings also reported notable earnings. The market awaits the April jobs report and ISM services index for further economic insights, with Dow Jones futures rising ahead of the opening bell. The stock market’s rally attempt continues, with the Nasdaq and small caps showing strength, but the absence of an official follow-through day and major indexes below their 50-day moving averages leaves the market in a cautious state.
about Stock Market Update: Apple, Coinbase, Nvidia, and Other Earnings ReportEarnings Reports and CEO Shake-Up: Key Highlights for Investors This Week
The S&P 500 and Nasdaq Composite had a strong week, with Big Tech names driving the gains. Earnings reports are exceeding expectations, and this week will see major corporate earnings, key labor data, and a Federal Reserve meeting. Paramount Global’s CEO faces potential removal, while advertising spending is rebounding, and Tesla achieves a milestone in China.
about Earnings Reports and CEO Shake-Up: Key Highlights for Investors This WeekStock Market Update: Key Stocks in Focus Amid Market Trends
Stock futures rebounded after Israel’s retaliatory strike on Iran, with Netflix’s strong first-quarter earnings but weak sales outlook causing its stock to plunge. The Dow Jones edged up, while the S&P 500 and Nasdaq extended their losing streaks. Key earnings movers included American Express, Intuitive Surgical, and Procter & Gamble. For more details, refer to Bloomberg’s stock market updates.
about Stock Market Update: Key Stocks in Focus Amid Market Trends