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A basketball finds nothing but net during practice before a 2024 NCAA Tournament game at PPG Paints Arena in Pittsburgh. Charles LeClaire | Reuters Prediction markets saw strong results from the Super Bowl, but it was just an appetizer for a banquet of sporting events in 2026 that are expected to drive surging volumes in […]
Connecticut Governor Ned Lamont is pushing to tighten oversight of prediction markets, rolling out a bill that would block anyone under 21 from using the platforms or seeing ads aimed at them. The proposal lands as state regulators are already cracking down on companies they say have crossed into unlicensed sports wagering, putting new attention […]
A ‘new prediction market experience’ has been launched by Crypto.com, called OG, which aims to give consumers a new way to trade, engage, and climb the leaderboard. The company announced the news on Tuesday (February 3) and they explained how OG provides sports fans access to a range of CFTC-regulated sports event contracts, as well […]
The recent snowstorm in New York City surprisingly led to Kalshi’s largest climate-related market, according to a report, but not everyone is happy with the outcome. It also comes just weeks after Polymarket declined to pay out on bets about whether the U.S. military would invade Venezuela, pointing to disputes over how the wording was […]
Thirty Congress members have supported a bill that would prevent federal officials and political employees from using prediction markets that could be influenced by insider information. After an anonymous Polymarket user cashed out with over $400,000 on a trade related to the operation to depose Venezuelan President Nicolás Maduro, concerns were raised that the bet […]
Prediction markets are the latest in a long line of examples of how gambling innovation takes root in the gray areas. Major prediction markets are embroiled in lawsuits across the country, with some states like Arizona banning some operators altogether. State governments argue that the services are sidestepping necessary gambling licensing laws, while prediction markets […]
Louisiana is the latest state to take issue with prediction markets introducing sportsbooks. In a press release from the Louisiana Gaming Control Board (LGCB), it now views sporting event contracts and “certain other event contracts” as a violation of state gambling laws. This comes only days after the Washington State Gambling Commission issued a similar […]
As prediction markets offer contracts in more and more areas, are they starting to encroach on the role that opinion polls currently serve in politics? Pre-election polls are often referenced in the build-up to major elections, offering a flavor of the results that might be on the way. However, every political commentator will be quick […]
Saudi Crown Prince Mohammed bin Salman Al Saud made light of his involvement in prediction markets during a presidential event as Polymarket makes it way back to the US. The royal from Saudi Arabia was visiting the United States for the first time in seven years to discuss political and economic matters with President Donald […]
A new poll from the prediction market operator Kalshi shows that most Americans want access to prediction markets and would rather see them overseen by the federal government instead of state gambling regulators. The timing isn’t a coincidence. The results come at a time when gaming commissions in several states are debating whether these markets […]
