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Industry
September 3, 2025
JP Morgan Analyst Says OSB Operators Shouldn’t Miss Prediction Markets
According to JP Morgan analyst Daniel Politzer, prediction markets may serve as a practical alternative to online sports betting (OSB), paving the way for the further expansion of the sector. Online Sports Betting Operators Could Win a Lot from Prediction Markets, Analyst Says Politzer identified exchange-traded wagers as a promising market expansion opportunity that he […]
Industry
September 2, 2025
Crypto.com to Power Underdog’s Prediction Markets Foray
Fantasy and sports betting specialist Underdog has unveiled a new partnership with Crypto.com, a Singapore-based cryptocurrency exchange company. Thanks to the new partnership, Underdog will make a foray into the fast-growing prediction markets space. Underdog to Hop on the Prediction Markets Train Prediction markets are a fairly novel form of gaming that pairs trading stocks […]
Industry
August 28, 2025
Swift Engagement Polymarket Odds Surged Hours Before Announcement
The relationship between NFL tight end Travis Kelce and global pop icon Taylor Swift has drawn significant media attention since they went public in September 2023. Starting December 31, 2024, Polymarket users have been able to place bets on whether the couple would get engaged in 2025. Interestingly, the odds of an engagement spiked by […]
Industry
August 27, 2025
Polymarket Appoints Donald Trump Jr. to Advisory Board
Polymarket, a leading actor in the world of prediction markets, announced recently that Donald Trump Jr. has joined its advisory board and that it has received a strategic investment from 1789 Capital, marking a major milestone for both companies, according to an official statement. Donald Trump Jr. Joins Polymarket The statement from Polymarket also says […]
Legal
August 21, 2025
Kalshi Draws New Tribal Challenge as Ho-Chunk Nation Files Suit
The Ho-Chunk Nation has filed a federal lawsuit against online exchange Kalshi, accusing the company and its partner, Robinhood Markets, of running illegal sports gambling operations on tribal lands. The complaint filed Wednesday in the Western District of Wisconsin follows earlier actions by California tribes and draws attention to the mounting tribal resistance to Kalshi’s […]
Industry
August 20, 2025
Robinhood Takes New Jersey and Nevada’s Regulators to Court
Prediction markets platform Robinhood had filed lawsuits against the New Jersey Division of Gaming Enforcement and the Nevada Gaming Commission. These lawsuits come amid threats to block Robinhood’s products in the two states. Robinhood Seeks to Protect Its Business Earlier this year, the New Jersey regulator slammed Robinhood with a cease-and-desist order, alleging that its […]
Legal
August 14, 2025
Kalshi Withdraws Injunction Request in Maryland, Reaches Agreement with the State
Prediction markets platform Kalshi has withdrawn its injunction request in Maryland following an agreement with the state. The two parties will now wait for the US Court of Appeals for the Fourth Circuit to rule on the matter. MLGC Says Kalshi’s Products Are Sports Betting The rapid growth of prediction markets has had the unintended […]
Business
August 12, 2025
Novig’s Latest Funding Round Nets the Company $18M
Novig, a US-focused peer-to-peer sports prediction market, has announced the completion of its latest Series A funding round. The round saw participation from a variety of longtime Novig allies and netted the company some $18 million. Supporters Fueled Novig’s Future Growth Per Novig’s official announcement, the latest funding round was led by Forerunner and saw […]
Legal
August 4, 2025
Maryland Judge Denies Kalshi’s Motion for Preliminary Injunction
US District Judge Adam Abelson of Maryland rejected Kalshi’s request for a preliminary injunction against the state’s sports betting regulators in a ruling issued on Friday. Kalshi Denied Injunction in Maryland Sports Betting Case After the Maryland Lottery and Gaming Commission (MLGC) issued a formal cease-and-desist letter to Kalshi in April, the operator’s attempt to […]
Business
August 1, 2025
Robinhood’s Leaders Hail Strong Q2 Performance
Robinhood’s leaders announced that its event contracts have more than doubled in the second quarter of the year, underpinned by the rapid growth of prediction markets as a whole. Robinhood’s Growth Continued According to the company’s co-founder and chief executive, Vladimir Tenev, Robinhood experienced tremendous growth in several key areas. He elaborated that Robinhood ended […]
