{"id":52662,"date":"2025-10-23T09:56:46","date_gmt":"2025-10-23T02:56:46","guid":{"rendered":"https:\/\/hbbgroup.net\/draftkings-taps-polymarket-to-clear-trades-in-prediction-markets-play\/"},"modified":"2025-10-23T09:56:46","modified_gmt":"2025-10-23T02:56:46","slug":"draftkings-taps-polymarket-to-clear-trades-in-prediction-markets-play","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/draftkings-taps-polymarket-to-clear-trades-in-prediction-markets-play\/","title":{"rendered":"DraftKings taps Polymarket to clear trades in prediction markets play"},"content":{"rendered":"
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Polymarket will act as a clearinghouse for DraftKings\u2019 upcoming prediction market platform, following its acquisition of Railbird earlier this week. <\/p>\n

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American sports betting platform DraftKings is tapping Polymarket as the clearinghouse for its new prediction market, an industry that clocks over $4 billion in monthly trading volume.<\/p>\n

\u201cCongrats to DraftKings on their acquisition of Railbird. We\u2019re proud for Polymarket Clearing to be their designated clearinghouse as they enter the prediction market space,\u201d Polymarket CEO Shayne Coplan said<\/a> in an X post on Wednesday.<\/p>\n

Railbird is a Commodity Futures Trading Commission-regulated predictions market platform, which DraftKings acquired<\/a> for an undisclosed amount on Tuesday.<\/p>\n

Polymarket\u2019s clearinghouse is needed to verify trades,<\/a> hold collateral and ensure all bets or contracts are settled fairly and securely \u2014 preventing defaults, reducing counterparty risk and maintaining trust between participants.<\/p>\n

Source: <\/em>Shayne Coplan<\/em><\/a>
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The new \u201cDraftKings Predictions\u201d is expected to debut as a mobile app in \u201cthe coming months,\u201d covering all markets from finance and culture to entertainment.<\/p>\n

\u201cThe product will have the flexibility to connect to multiple exchanges, enabling DraftKings to offer one of the broadest suites of markets to its customers,\u201d DraftKings said.\u00a0<\/p>\n

It marks the first major crypto move DraftKings has made since shuttering its nonfungible token marketplace<\/a> in July 2024 and further cements Polymarket\u2019s dominance in the predictions market sector.<\/p>\n

Polymarket acquired its clearinghouse through the purchase of US derivatives exchange QCEX <\/a>for $112 million in June, when it reentered the US market after more than two years.<\/p>\n

Polymarket made big moves this month<\/h2>\n

Polymarket has already had a strong month of integrations, including Sam Altman\u2019s identity-focused World App<\/a> on Tuesday and crypto wallet MetaMask,<\/a> which expects its integration to take place before the end of the year.<\/p>\n