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…