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Crypto

Prediction market operations integration could spark M&A wave, Bernstein report says

Prediction market operators bringing trading infrastructure in-house could lead to more mergers and acquisitions across crypto platforms, sportsbooks, brokerages and independent exchanges, an analysis showed. Bernstein said the sector is moving quickly into an operational integration phase as platforms seek direct control over distribution, brokerage, exchange and clearing functions. Recent moves by Robinhood, DraftKings and Coinbase reflect the trend. Bernstein said regulatory scrutiny is a key barrier to large-scale consolidation.

Crypto

DraftKings launches its own prediction market exchange DKeX

DraftKings has launched its own prediction market exchange, DKeX, The Block reported on Thursday. The company said the launch increases its control over content depth, operating efficiency and the overall customer experience, allowing it to innovate faster. DKeX uses technology from Railbird Technologies, a CFTC-licensed firm DraftKings acquired in October 2025. DraftKings said the prediction market segment posted annualised consumer trading volume of about $3.4 billion and annualised total volume of about $11.3 billion as of June 21.

Crypto

World Cup to boost prediction markets; Bernstein sees $10 billion in volume

The 2026 FIFA World Cup could generate about $3 billion in additional trading volume in prediction markets, according to an outlook cited by Coinpost. Investment bank Bernstein estimates the expanded tournament could lift total sector betting by up to $10 billion. It said Kalshi leads platforms by volume, while DraftKings may be the biggest beneficiary. It also pointed to crypto-linked operators and projected strong long-term growth for prediction markets.