1225 ET - DraftKings may not be far behind Flutter Entertainment's FanDuel in trying to get into prediction markets with event-based contracts, Oppenheimer analysts say in a research note. They expect DraftKings could enact a similar strategy as FanDuel of partnering with a CFTC-regulated exchange that isn't currently offering sports contracts. DraftKings might also partner with Kalshi, which already offers event contracts, or acquire a CFTC-licensed platform, the analysts say. There was speculation last month around DraftKings acquiring Railbird, an upstart prediction markets platform, they say. Partnerships, rather than acquisitions, carry lower risk after Kalshi got an adverse ruling this month in a legal fight over whether the CFTC has authority to regulate prediction markets, the analysts say. (dean.seal@wsj.com)

(END) Dow Jones Newswires

August 21, 2025 12:25 ET (16:25 GMT)

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