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Industry
June 5, 2025
Arizona’s Pushback Against Prediction Markets Continues with Letter to CFTC
Arizona’s fight against prediction markets continues as the local gaming regulator asked the Commodity Futures Trading Commission (CFTC) to take action. This comes amid continued controversies involving these novel product offerings. Prediction Markets Remain a Point of Contention Prediction markets have been all the rage, offering fans a way to engage with a variety of […]
Blockchain
May 27, 2025
Kalshi Expands Crypto Options with Solana
Prediction markets operator Kalshi is now accepting Solana (SOL) as a deposit option for funding user accounts, the US company recently announced. Solana Is Now Available for Kalshi Users According to the Kalshi help center, users can now instantly access their funds, allowing them to start trading right away. This eliminates the typical delays associated […]
Industry
May 23, 2025
Arizona Becomes the Latest State to Oppose Prediction Markets
The Arizona Department of Gaming (ADG) has ordered three major prediction markets to cease and desist. This is the latest effort to stutter sports-event contract providers’ rapid and somewhat controversial growth. Prediction Markets Face Pushback The ADG’s latest regulatory action saw it send cease-and-desist letters to Crypto.com, Kalshi, and Robinhood, all of which have been […]
Business
May 9, 2025
DraftKings’ Revenues Soar, Underpinned by the Jackpocket Acquisition
American sports betting powerhouse DraftKings has announced its Q1 2025 financial results, highlighting an increase in revenue. The company also revised its adjusted EBITDA forecasts from the previous guidance. In the meantime, DraftKings executives remain bullish on prediction markets. The Company’s Revenues Increased, in Part Thanks to Jackpocket In its Q1 report, DraftKings outlined revenue […]
Industry
May 8, 2025
Bettors Lose Big as Robert Prevost Becomes First American Pope
Many pious people consider gambling to be a sin. Considering this, the election of Cardinal Robert Prevost as the new Pope, which resulted in countless lost bets, could perhaps be considered one of his first victories. Prevost Became Pope Leo XIV In an unexpected turn of events, the Chicago-born Cardinal Robert Prevost was named as […]
Industry
May 6, 2025
CFTC Backs Down on Appeal in Political Betting Case Against Kalshi
The Commodity Futures Trading Commission (CFTC) has decided to withdraw its appeal in federal court related to a case against Kalshi. The prediction market remains embroiled in proceedings and legal challenges as the future of such products has been somewhat hazy. However, the CFTC’s latest decision suggests that prediction markets might be here to stay. […]
Industry
May 5, 2025
Countless Bettors Attempt to Predict the Next Pope
Wagering on who the next pope will be has surpassed even some well-established markets like the Europa League and the Formula One drivers’ championship. People Bet on the Next Pope With Pope Francis’ death on April 21, the Catholic Church began a centuries-old process of selecting the new leader of the 1.4 billion Catholics worldwide. […]
Industry
May 2, 2025
NBA Petitions CFTC for More Regulation on Sports Prediction Markets
The NBA has expressed concerns about their possible effects of sports prediction markets on the integrity of the game and proposed that the Commodity Futures Trading Commission (CFTC) introduce a specific regulatory framework. NBA Addresses CFTC Over Sports Prediction Markets In a letter addressed to acting chairman Caroline D. Pham of the Commodity Futures Trading […]
Business
May 1, 2025
Robinhood: Customers Traded 1 Billion Contracts in the Past 6 Months
Robinhood Markets has published its Q1 2025 report. Among other things, the trading platform announced that a billion contracts have been traded in the past six months alone. The Company Kicked 2025 off with a Bang In the three months ended March 31, Robinhood’s total net revenues reached $927 million, up 50% year-on-year. The company […]
Industry
April 25, 2025
Prediction Markets Skeptical of Third Trump Term Despite 2028 Merch
US President Donald Trump may be serious about trying to run for office for a third time, after all. While prediction markets remain skeptical that he will be allowed to do so, this didn’t stop The Trump Organization from launching official Trump 2028 merchandise. Trump Apparel Suggests President Is Eyeing Third Term The Trump administration […]
