Railbird
EP3® Platform Powers Railbird's Regulated Prediction Market
The Client
Founded in 2021, Railbird Exchange allows users to trade on the outcomes of real-world events – including economic indicators, entertainment, and cultural moments. In their words, “every event is a market.”
The Challenge
As Railbird pursued CFTC approval for its regulated prediction market, the team required a proven exchange platform that could support the full lifecycle of a listed derivatives market, from matching engine performance to exchange operations and reporting. They needed a solution that would scale with growth, meet regulatory requirements, and allow them to quickly adapt to an evolving market structure and product set.
Given Connamara Technologies’ background with other predictive market models, Railbird trusted our team to understand the complexity of such groundbreaking technology.
The Solution
Railbird evaluated several exchange infrastructure providers before selecting Connamara Technologies. The team was drawn to EP3’s modern architecture, transparent pricing, and strong reputation among regulated markets. Early discovery sessions focused on aligning EP3’s modular components with Railbird’s vision for a dynamic, event-based prediction market, as well as identifying customizations needed to support non-traditional contracts.
The engineers at Railbird and Connamara Tech collaborated to integrate EP3 with Railbird’s customer-facing UI – delivering a unique experience to their customers.
The Result
On June 13, 2025, Railbird was granted status as a Designated Contract Market (DCM) by the U.S. Commodity Futures Trading Commission (CFTC), with plans to launch later in the year.
Railbird joins a growing roster of innovative markets across the globe, choosing EP3 to reduce time to market and total cost of ownership. As a newly approved DCM focused on a fast-evolving asset class, Railbird exemplifies the type of forward-thinking exchange that EP3 is purpose-built to support.
“We made the decision to partner with Connamara well ahead of our regulatory approval, and the experience since has only reinforced that choice. EP3 has given us the flexibility, reliability, and support we need to bring a unique, regulated prediction market to life. Their team’s deep expertise and responsiveness have been instrumental in getting us ready for launch,” said Miles Saffran, Co-Founder of Railbird Exchange.
Read the full joint press release.