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
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
Bank of America analyst Shaun Kelley has offered his prediction of the prediction markets entering into the sports betting space that online sports operators and investors should closely monitor.Since late December, prediction markets such as Kalshi, Crypto.com, and Polymarket have rapidly joined th
Robinhood Unveils Prediction Markets Hub in Time for March MadnessTrading platform Robinhood is seeking to capitalize on the March Madness hype with markets for this year’s edition of the tournament. Customers can expect to find offerings involving their favorite basketball teams and players.The off
DraftKings Moves Toward Prediction Markets with NFA RegistrationDraftKings seems to be getting ready to jump into the prediction market arena. The company has registered a new entity, DraftKings Predict, with the National Futures Association (NFA). This step shows that DraftKings wants to grow beyon
DraftKings Considers Political Betting in the Wake of the ElectionThe US presidential elections are now over, cementing Trump’s return to the White House. Sports betting giant DraftKings is already looking far ahead, eyeing political betting opportunities for the next election.A Very Different Frame
Online sports betting companies may not let another cycle of presidential election campaigning and wagering pass them by without taking some of that action themselves.The massive amount of wagering on this year’s election was indeed hard to miss — and DraftKings Inc. now plans on taking a long look
Two prediction markets, Kalshi and Polymarket, have surged to the top of the Apple App Store’s free app downloads. Kalshi took the number one position, followed by Polymarket, pushing popular apps like ChatGPT, Threads, and even Google down the list. Their top spots in Apple, which boasts close to t
Election watchers are always glued to polls, but now they’re also focused on prediction markets, where people can bet on the outcomes of anything from Federal Reserve meetings to Oscar nominations.The overwhelming action is on politics—and no prediction market has gained more attention during the ca
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