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…
Prediction markets appear to have crossed an important line with one of the most valuable audiences in American sports. New Optimove research found that 84% of U.S. NFL bettors surveyed have heard of prediction markets, while 60% say they plan to trade, buy, or sell event contracts this year. Those…
Prediction markets have spent years arguing that they should be viewed as financial exchanges. Sports are making that argument considerably more complicated. The deeper platforms move into sports, the more they are starting to look and operate like an industry they have worked hard to distinguish themselves from. That does…
The NBA could be the next major sports league to officially embrace prediction markets, with multiple platforms reportedly discussing partnerships ahead of the 2026-27 season. The league has circulated proposals to interested companies, and there are now "deal terms on the table." Kalshi, Polymarket, Novig, Fanatics and Rothera are among…
Polymarket is reportedly raising another $1 billion, and one of the biggest checks is coming from a familiar name in prediction markets. 1789 Capital, the venture capital firm where Donald Trump Jr. is a partner, is investing $300 million in the company as part of the new funding round. The…
Prediction markets have spent much of the past year fighting over who gets to regulate them. That legal battle gets most of the attention, but a practical problem sits right behind it: geofencing. If states eventually gain the ability to restrict certain event contracts within their borders, platforms may have…