Two companies jointly announced that Elon Musk's social platform X (formerly known as Twitter) has officially designated the crypto prediction platform Polymarket as its "official prediction market partner," and announced the launch of a comprehensive product that integrates real-time market data, s
SCCG Research has provided its latest research excerpt, focusing on an increasingly controversial topic: Are prediction markets legitimate financial instruments, or merely a form of disguised gambling?In this gray area at the intersection of law and ethics, the ambiguity of boundaries is prompting r
Alex Kane, CEO of Sporttrade, deeply explored the integration of prediction markets and sports betting from a philosophical perspective in a recent webinar, highlighting the potential strategic role of tribes in this field. He analyzed the emerging field with a gentle yet sharp perspective, noting t
As the prediction market rapidly expands in the United States, more and more tribal law experts are issuing warnings, stating that this trend poses an unprecedented "existential threat" to the Native American gaming system.At the "New Normal" series of webinars hosted by the Indian Gaming Associatio
In the modern economic history of the United States, Indian tribal gaming is recognized as one of the most successful economic development models on reservations. Over the past forty years, the industry has not only helped communities escape poverty but also granted Native Americans unprecedented ec
The U.S. Commodity Futures Trading Commission (CFTC) this week voluntarily withdrew its appeal against the Kalshi exchange, marking an official end to its policy of cracking down on election betting. This move not only represents a significant shift in regulatory attitudes but also signals the gradu
The National Basketball Association (NBA) has submitted a letter to Caroline D. Pham, the acting chair of the Commodity Futures Trading Commission (CFTC), specifically discussing the expansion of sports prediction markets.The letter outlines the potential risks to the fairness of NBA games, as these
In today's increasingly integrated world of gambling and finance, a new concept is quietly emerging—Prediction Market Betting.It is not traditional sports betting, nor is it typical stock or futures trading, but a form of "knowledge competition" based on the outcomes of events, gradually reshaping p
The American prediction market trading platform Kalshi has officially launched a single-game trading market for Major League Baseball (MLB), allowing users to trade on the outcome of each game. Following the recent launch of NBA playoff contracts, this marks an acceleration in Kalshi's strategic dep
The challenges traditional casinos face from illegal gambling, offshore websites, lottery casinos, and so-called "prediction markets" seem to be intensifying, as the debate over whether legal iGaming sites might erode the revenue of physical casinos continues.At the 28th East Coast Gaming Congress h
Prediction Markets are an emerging financial instrument that allows participants to bet on the outcomes of real-world events and reflect collective intelligence through market mechanisms. These markets combine economics, game theory, and blockchain technology, and are widely used in political electi
Predicting the market is an open market that predicts specific outcomes through financial incentive mechanisms. These markets are trading markets established for betting on various event outcomes. Market prices can reflect the public's view of the probability of an event occurring.A typical predicti
Market OverviewThe prediction market can be divided into two main camps: non-sports and sports. The non-sports market is relatively underdeveloped, with multiple target areas: cryptocurrencies, political events, cultural events, etc.Polymarket is the undisputed leader in the non-sports market, main
