Railbird Exchange operates a federally regulated prediction market platform that enables users to trade on outcomes of real-world events. Founded in 2021 and headquartered in New York, the company distinguishes itself as one of the few legally compliant prediction market operators in the United States, navigating complex regulatory requirements that have historically limited market participation. The platform has achieved significant early traction, reaching a valuation of $500 million within three years of inception. Railbird's federal regulatory approval positions it uniquely in the prediction markets space, allowing it to capture growing institutional and retail interest in event-based trading opportunities.