RAILBIRD RECEIVES CFTC APPROVAL AS A DESIGNATED CONTRACT MARKET

NEW YORK, June 18, 2025 /PRNewswire/ -- Railbird Exchange, LLC (Railbird) announced today that it has been granted status as a designated contract market (DCM) by the U.S. Commodity Futures Trading Commission (CFTC), clearing the way for a new regulated futures exchange focused on event contracts.

Railbird is a prediction market that will allow users to buy and sell contracts that pay out based on the outcomes of real-world events—from economic indicators to entertainment and cultural moments. The exchange is expected to open for trading later this year.

"Securing this designation is a pivotal milestone for Railbird," said Miles Saffran, CEO and co-founder of Railbird Exchange. "There is real demand for people to put their money behind their views, and we are excited to help shape this space from the ground up." COO and co-founder Edward Tian added, "Event contracts represent a largely untapped opportunity for individuals and businesses alike to hedge risk. We are looking forward to allowing our users to apply the power of capital markets to everything from daily news to societal changes."

Railbird has partnered with QC Clearing, LLC for clearing services.

Founded in 2021, Railbird is a graduate of the Winter 2022 cohort of Y Combinator, an accelerator that has launched some of the most successful startups in the world. Railbird's leadership team and advisors bring deep experience and expertise across financial markets, regulatory policy, and technology. In addition to Saffran and Tian, who worked for many years at Point72 prior to founding Railbird, the team includes Anne Loranger, former CRO at Coinbase. Railbird's board includes Dawn Stump, former CFTC Commissioner and Ron Oppenheimer, former GC at Vitol, Inc.

About Railbird Exchange

Railbird Exchange will offer an event contracts derivatives exchange that lets users trade on their predictions. By harnessing trading activity across finance, policy, environment, entertainment, and sports verticals, Railbird will generate real-time insights that will allow individuals and businesses to manage outcomes in an ever-changing world.

For more information, please visit www.railbirdexchange.com or contact [email protected].

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SOURCE Railbird Exchange, LLC