The post Morning Minute: DraftKings Bets Big on Prediction Markets appeared on BitcoinEthereumNews.com. Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors reverse and flip red; BTC -1% at $107,500 BTC ETF inflows reach $477M, not enough to counter selling DraftKings acquires Railbird, plans to launch DraftKings Predictions app Polymarket and Kalshi reach licensing agreement with the NHL Jupiter launches its own prediction market powered by Kalshi 💰 DraftKings Bets Big on Prediction Markets DraftKings just made its most aggressive move yet outside of sports betting. And it wasn’t into casino, poker, or fantasy. It was into prediction markets. 📌 What Happened DraftKings announced it is acquiring Railbird Technologies, a CFTC-regulated prediction market exchange, and will use it to launch a standalone events trading app called DraftKings Predictions. Railbird comes with what Kalshi and others fought hard for – federal approval from the Commodity Futures Trading Commission (CFTC) to let people trade real-money contracts on real-world outcomes. Now DraftKing’s 6M monthly users will get access to prediction markets (and its $15B company has a shiny new expansion path). DraftKings says the new app will launch “in the coming months” and initially cover non-sports markets – things like finance, pop culture, elections, entertainment, and news. Though sports are very likely to come later (especially in states where DraftKings is currently banned). 🗣️ What Are They Saying “We are excited about the additional opportunity that prediction markets could represent for our business. We believe that Railbird’s team and platform—combined with DraftKings’ scale, trusted brand, and proven expertise in mobile-first products—positions us to win in this incremental space.” – DraftKings CEO Jason Robins said in a statement to CNBC “DraftKings acquires prediction market firm Railbird As I shared last week… The post Morning Minute: DraftKings Bets Big on Prediction Markets appeared on BitcoinEthereumNews.com. Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors reverse and flip red; BTC -1% at $107,500 BTC ETF inflows reach $477M, not enough to counter selling DraftKings acquires Railbird, plans to launch DraftKings Predictions app Polymarket and Kalshi reach licensing agreement with the NHL Jupiter launches its own prediction market powered by Kalshi 💰 DraftKings Bets Big on Prediction Markets DraftKings just made its most aggressive move yet outside of sports betting. And it wasn’t into casino, poker, or fantasy. It was into prediction markets. 📌 What Happened DraftKings announced it is acquiring Railbird Technologies, a CFTC-regulated prediction market exchange, and will use it to launch a standalone events trading app called DraftKings Predictions. Railbird comes with what Kalshi and others fought hard for – federal approval from the Commodity Futures Trading Commission (CFTC) to let people trade real-money contracts on real-world outcomes. Now DraftKing’s 6M monthly users will get access to prediction markets (and its $15B company has a shiny new expansion path). DraftKings says the new app will launch “in the coming months” and initially cover non-sports markets – things like finance, pop culture, elections, entertainment, and news. Though sports are very likely to come later (especially in states where DraftKings is currently banned). 🗣️ What Are They Saying “We are excited about the additional opportunity that prediction markets could represent for our business. We believe that Railbird’s team and platform—combined with DraftKings’ scale, trusted brand, and proven expertise in mobile-first products—positions us to win in this incremental space.” – DraftKings CEO Jason Robins said in a statement to CNBC “DraftKings acquires prediction market firm Railbird As I shared last week…

Morning Minute: DraftKings Bets Big on Prediction Markets

5 min read

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors reverse and flip red; BTC -1% at $107,500
  • BTC ETF inflows reach $477M, not enough to counter selling
  • DraftKings acquires Railbird, plans to launch DraftKings Predictions app
  • Polymarket and Kalshi reach licensing agreement with the NHL
  • Jupiter launches its own prediction market powered by Kalshi

💰 DraftKings Bets Big on Prediction Markets

DraftKings just made its most aggressive move yet outside of sports betting.

And it wasn’t into casino, poker, or fantasy. It was into prediction markets.

📌 What Happened

DraftKings announced it is acquiring Railbird Technologies, a CFTC-regulated prediction market exchange, and will use it to launch a standalone events trading app called DraftKings Predictions.

Railbird comes with what Kalshi and others fought hard for – federal approval from the Commodity Futures Trading Commission (CFTC) to let people trade real-money contracts on real-world outcomes.

Now DraftKing’s 6M monthly users will get access to prediction markets (and its $15B company has a shiny new expansion path).

DraftKings says the new app will launch “in the coming months” and initially cover non-sports markets – things like finance, pop culture, elections, entertainment, and news.

Though sports are very likely to come later (especially in states where DraftKings is currently banned).

🗣️ What Are They Saying

“We are excited about the additional opportunity that prediction markets could represent for our business. We believe that Railbird’s team and platform—combined with DraftKings’ scale, trusted brand, and proven expertise in mobile-first products—positions us to win in this incremental space.” – DraftKings CEO Jason Robins said in a statement to CNBC

DraftKings acquires prediction market firm Railbird As I shared last week

prediction markets are the future for sports wagering Less than a week later you see $DKNG getting involved.” – Rippe, on X

“$DKNG is acquiring CFTC-licensed predictions platform Railbird to launch “DraftKings Predictions” a marketplace for trading outcomes in finance, culture & entertainment. It’s a move to tap non-sports states like California & Texas in the coming months.” – Shay Boloor on X

🧠 Why It Matters

If prediction markets needed any more validation, they got it here from DraftKings.

They have simply become too big to ignore and are now fully crossing over into mainstream betting.

There’s also a new battle brewing between two worlds:

  • CFTC-regulated prediction markets like Kalshi and now DraftKings Predictions
  • Crypto-native markets like Polymarket, Myriad, Zeitgeist, and Azuro

DraftKings brings three big advantages:

  1. User distribution – 6M+ active bettors.
  2. Regulatory foundation – Railbird’s CFTC license gives instant legitimacy.
  3. Trust and UX – familiarity with real-money markets at scale.

They will be a force to be reckoned with in this space.

A lot depends on timing here.

Someone who is used to betting elections on Polymarket probably won’t switch to DraftKings.

But – if DraftKings beats Polymarket to the US market with its new DraftKings Predictions app, it could absolutely steal that average user who knows what prediction markets are / Polymarket is, but doesn’t want to hassle with VPNs.

And if DK sports prediction markets have the same liquidity that Kalshi has shown over the past few months, then they could steal significant market share in sports.

The bull case is, the entrance of DraftKings into the prediction market sector grows the overall pie and drives weekly volumes even further up and to the right.

The bear case – the sector is zero-sum for the near future and any DK share is taken from an existing leader.

My gut is, the bull case will prevail for the near future. Time will tell…

🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

In Corporate Treasuries / ETFs

In Memes

  • Memecoin leaders are mostly red along with majors; DOGE -1%, Shiba -1%, PEPE -2%, PENGU -2%, BONK -1%, TRUMP -1%, SPX -1%, and FARTCOIN -3%
  • BSC memes continue to lead volume, taking 14 of the top 16 spots on Dexscreener
  • EVAA +80% to $56M and XPIN _37% to $83M were top movers; SHARKS ran 100x to $10M
  • Streamer Sam Pepper was banned from Pump.fun and Kick after a firework stunt injury

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • NFT leaders were mostly red again on Tuesday; Punks -1% at 40.8 ETH, Pudgy -1% at 7.1, BAYC -1% at 7.2 ETH; Hypurr’s -6% at 1,145 HYPE
  • Infinex Patrons (+20%) were a notable mover
  • NBA Top Shot announced several new changes ahead of this year’s season, including a bigger focus on scarcity and a major reduction in Rookie Moment counts

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source: https://decrypt.co/345350/morning-minute-draftkings-bets-big-on-prediction-markets

Market Opportunity
Notcoin Logo
Notcoin Price(NOT)
$0.0004538
$0.0004538$0.0004538
-1.68%
USD
Notcoin (NOT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment?

Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment?

The post Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment? appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 17:39 Is dogecoin really fading? As traders hunt the best crypto to buy now and weigh 2025 picks, Dogecoin (DOGE) still owns the meme coin spotlight, yet upside looks capped, today’s Dogecoin price prediction says as much. Attention is shifting to projects that blend culture with real on-chain tools. Buyers searching “best crypto to buy now” want shipped products, audits, and transparent tokenomics. That frames the true matchup: dogecoin vs. Pepeto. Enter Pepeto (PEPETO), an Ethereum-based memecoin with working rails: PepetoSwap, a zero-fee DEX, plus Pepeto Bridge for smooth cross-chain moves. By fusing story with tools people can use now, and speaking directly to crypto presale 2025 demand, Pepeto puts utility, clarity, and distribution in front. In a market where legacy meme coin leaders risk drifting on sentiment, Pepeto’s execution gives it a real seat in the “best crypto to buy now” debate. First, a quick look at why dogecoin may be losing altitude. Dogecoin Price Prediction: Is Doge Really Fading? Remember when dogecoin made crypto feel simple? In 2013, DOGE turned a meme into money and a loose forum into a movement. A decade on, the nonstop momentum has cooled; the backdrop is different, and the market is far more selective. With DOGE circling ~$0.268, the tape reads bearish-to-neutral for the next few weeks: hold the $0.26 shelf on daily closes and expect choppy range-trading toward $0.29–$0.30 where rallies keep stalling; lose $0.26 decisively and momentum often bleeds into $0.245 with risk of a deeper probe toward $0.22–$0.21; reclaim $0.30 on a clean daily close and the downside bias is likely neutralized, opening room for a squeeze into the low-$0.30s. Source: CoinMarketcap / TradingView Beyond the dogecoin price prediction, DOGE still centers on payments and lacks native smart contracts; ZK-proof verification is proposed,…
Share
BitcoinEthereumNews2025/09/18 00:14
Crucial Fed Rate Cut: October Probability Surges to 94%

Crucial Fed Rate Cut: October Probability Surges to 94%

BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. This jump indicates that traders and analysts are now overwhelmingly confident that the Federal Reserve will lower interest rates next month. Such a high probability suggests a strong consensus emerging from the Fed’s latest communications and economic outlook. A Fed rate cut typically means cheaper borrowing costs for businesses and consumers, which can stimulate economic activity. But what does this really signify for investors, especially those in the digital asset realm? Why is a Fed Rate Cut So Significant for Markets? When the Federal Reserve adjusts interest rates, it sends powerful signals across the entire financial ecosystem. A rate cut generally implies a more accommodative monetary policy, often enacted to boost economic growth or combat deflationary pressures. Impact on Traditional Markets: Stocks: Lower interest rates can make borrowing cheaper for companies, potentially boosting earnings and making stocks more attractive compared to bonds. Bonds: Existing bonds with higher yields might become more valuable, but new bonds will likely offer lower returns. Dollar Strength: A rate cut can weaken the U.S. dollar, making exports cheaper and potentially benefiting multinational corporations. Potential for Cryptocurrency Markets: The cryptocurrency market, while often seen as uncorrelated, can still react significantly to macro-economic shifts. A Fed rate cut could be interpreted as: Increased Risk Appetite: With traditional investments offering lower returns, investors might seek higher-yielding or more volatile assets like cryptocurrencies. Inflation Hedge Narrative: If rate cuts are perceived as a precursor to inflation, assets like Bitcoin, often dubbed “digital gold,” could gain traction as an inflation hedge. Liquidity Influx: A more accommodative monetary environment generally means more liquidity in the financial system, some of which could flow into digital assets. Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. The financial landscape is always evolving, and the significant surge in the probability of an October Fed rate cut is a clear signal of impending change. From stimulating economic growth to potentially fueling interest in digital assets, the implications are vast. Staying informed and strategically positioned will be key as we approach this crucial decision point. The market is now almost certain of a rate cut, and understanding its potential ripple effects is paramount for every investor. Frequently Asked Questions (FAQs) Q1: What is the Federal Open Market Committee (FOMC)? A1: The FOMC is the monetary policymaking body of the Federal Reserve System. It sets the federal funds rate, which influences other interest rates and economic conditions. Q2: How does a Fed rate cut impact the U.S. dollar? A2: A rate cut typically makes the U.S. dollar less attractive to foreign investors seeking higher returns, potentially leading to a weakening of the dollar against other currencies. Q3: Why might a Fed rate cut be good for cryptocurrency? A3: Lower interest rates can reduce the appeal of traditional investments, encouraging investors to seek higher returns in alternative assets like cryptocurrencies. It can also be seen as a sign of increased liquidity or potential inflation, benefiting assets like Bitcoin. Q4: Is a 94% probability a guarantee of a rate cut? A4: While a 94% probability is very high, it is not a guarantee. Market probabilities reflect current sentiment and data, but the Federal Reserve’s final decision will depend on all available economic information leading up to their meeting. Q5: What should investors do in response to this news? A5: Investors should stay informed about economic developments, review their portfolio diversification, and assess their risk tolerance. Consider how potential changes in interest rates might affect different asset classes and adjust strategies as needed. Did you find this analysis helpful? Share this article with your network to keep others informed about the potential impact of the upcoming Fed rate cut and its implications for the financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Fed Rate Cut: October Probability Surges to 94% first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 02:25
MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows

MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows

The post MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows appeared on BitcoinEthereumNews.com. MOEX to Launch $XRP Indices/Futures: $MAXI Adoption
Share
BitcoinEthereumNews2026/02/04 06:00