AI-powered sports prediction tools are everywhere right now, but Staicy is taking a slightly different approach. Instead of asking users to blindly trust an algorithm, the company combines millions of data points, roughly 1,500 daily predictions, and continuous AI analysis with a professional handicapper making the final call. Staicy CEO…
Connecticut took action in the nationwide battle between states and prediction markets, sending cease-and-desist orders to nine platforms on Thursday. Gov. Ned Lamont (D) announced that the Connecticut Department of Consumer Protection (DCP) had sent the notices, along with 30 subpoenas, to minimize the danger posed by “illegal” prediction platforms.…
Kalshi is pushing further beyond prediction markets, and this time it is going after two of the oldest assets around. The company launched 24/7 perpetual futures tied to gold and silver Thursday after receiving approval from the Commodity Futures Trading Commission. The new products give U.S. traders access to regulated…
Novig is bringing some serious celebrity power to prediction markets. Actress Sydney Sweeney has joined the sports-focused platform as an equity partner and is starring in a new national advertising campaign designed to make one thing very clear: Novig wants to be known for sports. The campaign launched Wednesday with…
For years, one of the biggest questions surrounding prediction markets was whether regulators would eventually take them seriously. We can probably stop asking that question. Prediction markets are now pulling attention from the CFTC, state attorneys general, federal judges, appeals courts, lawmakers, and potentially the Supreme Court. Some of that…
Kalshi has suffered another setback in its growing legal fight with the states. A federal judge in Iowa denied the prediction market exchange's request for a preliminary injunction that would have prevented the state from applying its gaming laws to Kalshi's sports event contracts. The ruling does not resolve the…
Kalshi is bringing live sports directly into its prediction market experience. The company has signed a multi-year partnership with Catalist Sports that gives Kalshi exclusive US prediction market access to Catalist's live-streaming portfolio, along with official low-latency data for thousands of sporting events. It is Kalshi's first streaming partnership and…
Robinhood is backing its prediction market ambitions with more money. The company announced Tuesday that it will take minority equity stakes in Crypto.com and OG while adding OG as another venue for some of its football event contracts. The agreement gives Robinhood another piece of prediction market infrastructure just as…
Underdog sacrificed its daily fantasy sports licenses in seven states to continue offering prediction markets to customers nationwide. The popular gaming company, which has offered fantasy contests since it launched in 2020, has now made it clear where its primary focus lies. The operator already foregoed the opportunity to offer…
Giannis Antetokounmpo was the first big name to latch on with a prediction market platform. He’s no longer the biggest. Over the weekend, NBA legend LeBron James appeared to announce a partnership with Polymarket, signaling the official exit from his previous deal with DraftKings. The news threatened to break the…