Topic
Prediction Markets
22 stories mentioning this topic
Novig Lands CTFC Approval as Prediction Market Competition Thickens
Novig sees prediction markets as its prime opportunity as a sports betting exchange. Novig’s pivot to a full-fledged prediction market appears to be complete, as the company announced today it has secured approval from the CFTC as a Designated Contract Market. Entering the prediction markets space aligns with the foun…
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NCPG Responds to Kalshi Membership Scrutiny, Says Consumer Protections Must Evolve
Earlier this year, Kalshi joined forces with the National Council on Problem Gambling (NCPG) to champion trader health and safety. Among other things, the prediction markets platform confirmed a $2 million investment to support the council’s initiatives. This tie-up, however, has raised some eyebrows, with many questi…
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World Cup, Prediction Markets and AI… Reflections from SBC Americas 2026
Florida Sets the Scene London, Lisbon, Valletta, Florida… different venues, but the issues that truly burn within the industry remain… The post World Cup, Prediction Markets and AI… Reflections from SBC Americas 2026 appeared first on iGaming Express.
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New Jersey Senators Launch Bid to Regulate Prediction Markets
New Jersey senators have unveiled a bill to regulate prediction markets and impose taxes of up to 30% on sports-related event contract trades. The bill is the brainchild of New Jersey Senate President Nicholas Scutari and fellow Democratic Party Senator Paul Sarlo, and focuses heavily on sports-related contracts. The …
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Elections, Bitcoin, and the Australian Open: Slotegrator breaks down prediction markets in new ebook
Annual trading volume in the prediction market vertical grew from $500 million to $64 billion in only three years. What’s behind their explosive popularity? In a new ebook, Slotegrator lays out why this latest evolution in betting has so much appeal for players and what operators need to consider before launching thei…
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Former PlayUp US CEO Laila Mintas Seeks CFTC Approval for 365Prediction Exchange
Mintas has publicly advocated for prediction markets for months. Now, her startup is seeking federal approval to launch its own exchange. 365Prediction, a prediction market startup founded by former PlayUp US CEO Laila Mintas, has filed an application with the CFTC seeking approval to operate a federally regulated eve…
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Are prediction markets the perfect vertical for the attention economy?
A mix of cultural, regulatory, and technological factors have made prediction markets perfectly suited to the modern attention economy, argues Slotegrator COO Olga Ivanchik, in the wake of the company’s release of an ebook on the same topic. Why have prediction markets so completely captured the public imagination? To…
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Robinhood Ends Higher on World Cup Boost to Prediction Trading
Robinhood’s prediction market business will get a huge boost from a record surge in trading activity in the upcoming FIFA World Cup, according to a recent analysis by brokerage firm Bernstein. Prediction Markets Surge Past Super Bowl on World Cup Frenzy Initial tournament data indicate that interest in event-based tra…
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Shoot-out At The Fantasy Factory, Who’ll Win The Betting World Cup Sportsbooks Or Prediction Markets?
With an estimated US$53 billion to US$85 billion at stake (£39.48bn-£63.32bn), the FIFA 2026 World Cup has been labelled “the biggest betting... Read More...
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CFTC sues New Mexico over attempt to apply state gaming laws to prediction markets
New Mexico becomes the eighth state to clash with the federal regulator over the regulation of prediction market platforms. US.- The Commodity Futures Trading Commission (CFTC) has sued New Mexico in federal court, seeking to prevent the state from applying its gaming laws to CFTC-registered prediction market platform…
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Kentucky: Coalition sues to block state’s new 14.25% prediction markets tax
FRANKFORT, Ky. (AP) — A coalition that includes Kalshi, Crypto.com and Polymarket filed a lawsuit Friday challenging Kentucky’s first-in-the-nation excise tax on prediction markets. The Kentucky General Assembly in April enacted a 14.25% tax on prediction market operators’ transaction fees, a levy the lawsuit says is …
Read summary →Prediction Market Litigation, World Cup Trading Lead Gambling Stories to Watch This Week
World Cup trading volume continues to climb, the U.S. Open gets underway, and courts face new prediction market briefing deadlines in Wisconsin and Tennessee. Prediction markets remain at the center of gambling industry developments this week, with upcoming briefing deadlines in Wisconsin and Tennessee and growing tra…
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SBC Americas: Prediction markets are omnipresent, but not all agree they’re valid
The Commodities Futures Trading Commission June 10 issued a 267-page document that paves the way for companies such as Kalshi and Polymarket to offer sports betting. During Thursday’s session “Prediction Markets: A Question of Compliance and Integrity” at SBC Summit Americas in Fort Lauderdale, one panelist made sure …
Read summary →Indian Gaming Association leaders rebuke CFTC over proposed rules legalizing prediction markets
The chairman of the Indian Gaming Association said the federal agency overseeing prediction market operators is spitting in the face of tribes and states with its proposed rules legitimizing sports wagers nationwide. Chairman David Bean spoke out on IGA’s New Normal webinar following the Commodity Futures Trading Comm…
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Prediction market roundup: CFTC release of proposed rules elicits polarised views from key stakeholders
The CFTC's issuance of proposed rulemaking on prediction markets and the opening kickoff of the World Cup headline the week.
Read summary →World Cup Wagering, CFTC’s Rulemaking, Knicks’ Comeback Highlight This Week’s Gambling Industry Bingos & Busts
The World Cup kicks off, the CFTC addresses a prediction markets problem, longshot bettors cash in on the Knicks, and DraftKings and FanDuel end up on different sides of this week’s ledger. Bets are rolling into sportsbooks and prediction markets as World Cup 2026 kicks off — and a lot of them. In fact, the […] The po…
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Titus Accuses CFTC Of ‘Blatant Corruption,’ ‘Cozying Up’ To Trumps
Rep. Dina Titus did not hold back in criticizing the Commodity Futures Trading Commission‘s approval of sports contracts on prediction markets. “The ’s proposed rule reinforces its... The post Titus Accuses CFTC Of ‘Blatant Corruption,’ ‘Cozying Up’ To Trumps appeared first on Legal Sports Report.
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SOFTSWISS hosts live panel on prediction markets for iGaming operators
SOFTSWISS, a global iGaming software provider, will host a LinkedIn Live Panel titled Prediction Markets for iGaming: Risks and Opportunities on 25 June at 14:00 CET. The session brings together experts from NEXT.io, and SOFTSWISS to examine one of the industry’s most talked-about emerging verticals. Prediction Market…
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ProphetX Gets CFTC Approval to Operate Prediction Market
Move from sweepstakes comes as questions remain over prediction markets and market share ProphetX is ready to transform again. The former state-licensed sports betting operator (then known as Prophet Exchange) that became a peer-to-peer sweepstakes exchange two years ago announced on Thursday it will now venture into …
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CFTC publishes first prediction markets rulemaking proposal as legal battles continue
The CFTC has published its first proposed rulemaking for prediction markets, focused mainly on contract review processes.
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DraftKings Stock Rallies On Prediction Markets Volume Report, Robins Comments
DraftKings shares extended their gains Wednesday after the company reported growing prediction market volume. Shares of DraftKings closed at $28.79, up 16.2% from Monday’s close before the... The post DraftKings Stock Rallies On Prediction Markets Volume Report, Robins Comments appeared first on Legal Sports Report.
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WagerWire receives approval in principle to launch predictions market in Gibraltar
WagerWire has set its sights on international expansion with lofty plans to establish a prediction markets operation in Gibraltar.
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