MLB considers partnership with prediction markets, Manfred says
PALM BEACH, Florida – Major League Baseball is considering partnering with prediction markets, commissioner Rob Manfred said Thursday, a move that would further tie the league to sports betting while two Cleveland Guardians pitchers face federal charges for an alleged pitch-rigging scheme. Owners were briefed this week at their quarterly meetings
Cardi B’s appearance during Bad Bunny’s Super Bowl halftime performance divided prediction markets
Wake up, babe, new Schrödinger’s cat just dropped: Cardi B exists in a simultaneous state of both performing at the Super Bowl Halftime Show and not performing at the Super Bowl Halftime Show … until observed settled by prediction markets. Confused yet? So were many people who placed bets — or
Government shutdown odds spike ahead of Valentine’s Day
As funding talks fizzle between the GOP and Democrats in Congress, traders are expecting a partial government shutdown to begin this weekend. Kalshi markets now show an 82% chance of a shutdown beginning on Saturday. The shutdown saga continues Earlier this year, the most recent shutdown was ended after only
Super Bowl Gives Prediction Bets Record $1.2 Billion Trading Day
Analysts have grown increasingly bearish on gambling companies in recent months as prediction markets have presented a formidable competitive threat much more quickly than many anticipated.
Polymarket sues Massachusetts, claims states can’t regulate prediction markets
As Kalshi blocks Massachusetts users, Polymarket is escalating the battle to the federal court, claiming state gambling laws can't touch CFTC-regulated prediction markets.
Prediction volume hits record off Super Bowl Sunday
Parlays boosted sportsbook margins; Kalshi faced outages amid 20-fold volume spike Americans wagered a record $1.76 billion on the Super Bowl, according to American Gaming Association projections, as a wave of first-time bettors and an explosion in parlay activity delivered a windfall for the sports-betting industry — and growing pains
How One Prediction-Market Trader Played the Super Bowl—and Lost $100,000
For Liam Kane and others like him, the NFL title game was an opportunity to bet against new and often inexperienced bettors When New England Patriots wide receiver Mack Hollins scored a touchdown with about 12 minutes left in the Super Bowl, the moment had the chance to be a
Jump Trading Stakes Bets on Prediction Market Boom With Kalshi, Polymarket Deals
Major trading firm swaps liquidity provision for equity stakes as prediction platforms attract institutional capital
Some Kalshi transfers are delayed during the Super Bowl
* Kalshi said it experienced delays in fund transfers due to a Super Bowl traffic surge. * Kalshi's cofounder said on X that users' "money is safe and on the way." * Kalshi and Polymarket are benefiting from a sharp interest in prediction markets. Kalshi said that some
Gambling Stocks Sag as Prediction Markets Steal Super Bowl Bets
The Super Bowl is supposed to be the highlight of the calendar for gambling companies. This year, though, a cloud has descended over the industry as the big game approached. The stock of Flutter Entertainment Plc, which runs one of the most popular US gambling apps, FanDuel, is on an
Cboe to Launch Binary Event Wagers in Prediction Markets Push
Exchange operator Cboe Global Markets Inc. plans to roll out options contracts that will enable binary bets on event outcomes, in a bid to enter the fast-growing prediction markets. In a departure from the approach taken by rivals, Cboe’s contracts will be regulated by the Securities and Exchange Commission,
Sports App Sleeper to Partner With Kalshi on Prediction Markets
A fantasy sports app that once sued the US derivatives regulator will partner with Kalshi Inc. to offer wagers on its platform, the latest entrant into the surging prediction markets industry. Sleeper Markets, which says it has more than 10 million users, will work with Kalshi to provide sports contracts
