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§ Private Profile · New York City, NY, USA
A futures market for events.
Key people at Railbird.
Railbird was founded in 2021 by Edward Tian (Founder) and Miles Saffran (Founder).
At Railbird, we are building a prediction market exchange designed to hedge and mitigate risk for the services sector. The Railbird team has years of experience analyzing companies in the service sector and has seen firsthand how little opportunity there is to hedge risk in volatile markets like hospitality, tourism, recreation, entertainment, and sports. The platform is designed to be open to all traders.
Key people at Railbird.
Railbird was founded in 2021 by Edward Tian (Founder) and Miles Saffran (Founder).
Railbird is a fintech startup building a regulated futures market exchange for event contracts, allowing users to trade on the outcomes of real-world events across sectors such as finance, policy, entertainment, and culture. Its platform is designed to hedge and mitigate risk in volatile service sectors like hospitality, tourism, recreation, entertainment, and sports, which traditionally lack effective risk management tools. Railbird serves both individual traders and businesses by providing a transparent, CFTC-regulated marketplace that generates real-time insights from trading activity, enabling better risk management and decision-making in an ever-changing environment[1][2][5].
For an investment firm, Railbird’s mission centers on creating a transparent, regulated marketplace for event-based contracts that unlocks new financial instruments for risk hedging. Its investment philosophy likely emphasizes innovation in fintech and prediction markets, focusing on sectors underserved by traditional futures markets. Railbird’s key sectors include fintech, prediction markets, and the services industry. Its impact on the startup ecosystem includes pioneering regulated event contract trading and expanding the scope of futures markets beyond conventional financial products[1][2].
For a portfolio company, Railbird builds a prediction market exchange platform that serves traders and businesses seeking to hedge risks related to real-world events. It solves the problem of limited risk management options in volatile service sectors by offering event contracts that reflect outcomes in finance, entertainment, and culture. Railbird has demonstrated growth momentum by securing CFTC designation as a Designated Contract Market (DCM) in 2025, integrating Connamara Technologies’ EP3 platform for scalable, regulated trading, and attracting acquisition interest from DraftKings, which acquired Railbird in October 2025 to expand into prediction markets[1][2][3].
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Railbird was founded in 2021 and participated in Y Combinator’s Winter 2022 batch, gaining early funding and mentorship. The company was co-founded by Miles Saffran, who serves as CEO. Saffran’s background includes experience as an investment research analyst at Point72 covering fintech and gaming sectors, and as a data scientist for the Orlando Magic, where he applied machine learning to sports analytics. The idea for Railbird emerged from the founders’ recognition of the lack of hedging opportunities in volatile service sectors and the potential for event contracts to fill this gap[1][4].
A pivotal moment for Railbird was its CFTC approval as a Designated Contract Market in June 2025, a rigorous regulatory milestone that enabled it to legally operate a regulated prediction market in the U.S. This certification positioned Railbird as one of the few federally licensed exchanges in the emerging event contract space. Shortly after, Railbird was acquired by DraftKings, signaling strong market validation and opening new avenues for product expansion and integration with a major player in online gambling and sports betting[1][2][3].
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Railbird rides the growing trend of regulated prediction markets and event-based futures trading, which are gaining traction as tools for risk management beyond traditional financial instruments. The timing is critical due to increasing market volatility and demand for hedging solutions in sectors historically lacking such options. Regulatory clarity, exemplified by Railbird’s CFTC designation, is a key market force enabling broader adoption and institutional participation.
By pioneering event contracts in service sectors, Railbird expands the futures industry’s scope, encouraging innovation in fintech and risk management. Its platform also contributes to the democratization of trading by opening access to a wider range of participants, from individuals to businesses. Railbird’s influence extends to shaping regulatory standards and technological infrastructure for prediction markets, setting a precedent for future entrants[2][4][5].
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Railbird’s acquisition by DraftKings marks a significant step toward mainstreaming regulated prediction markets within the broader gambling and fintech ecosystems. The company is poised to launch DraftKings Predictions, a mobile app enabling users to trade event contracts across diverse categories, potentially expanding into new verticals over time.
Future trends shaping Railbird’s journey include increasing demand for real-time risk management tools, regulatory evolution around prediction markets, and growing consumer interest in event-based trading products. Railbird’s influence is likely to evolve from a niche fintech startup to a foundational platform enabling new forms of market participation and risk hedging.
As the futures industry embraces event contracts, Railbird’s early regulatory success, technological foundation, and strategic partnerships position it to drive progress and innovation in this emerging asset class, fulfilling its mission to apply capital market power to everyday events and societal changes[3][5].
