Who Captures the Information Rent in Prediction Markets?
Prediction markets sell a public forecast. The surplus from speed, automation, and private knowledge still flows to a sliver of accounts, turning civic odds into a quiet transfer of money.
AGA projects a flat $29.5 billion NFL sports-betting season, blaming sports event contracts for diverted handle, lost tax revenue, and the first stall since PASPA fell.
Prediction markets sell a public forecast. The surplus from speed, automation, and private knowledge still flows to a sliver of accounts, turning civic odds into a quiet transfer of money.
Kalshi will not list contracts on whether the Supreme Court takes New Jersey’s case—or how the justices would rule because the exchange is a party and could move the price.
The UK’s FCA is quietly sounding out platforms on lifting its 2019 retail ban on financial event contracts, even as traders already reach Kalshi and Polymarket and official rules stay unchanged.
Kalshi and Polymarket now price September’s Fed decision as a coin toss, tracking CME FedWatch after the jobs beat—and the next inflation print can break it.
LeBron James teased a Polymarket partnership in a 14-second “HQ” clip that surged toward 10 million views, signaling a football campaign after his DraftKings deal expired.
Team Spirit won The International. Traders won the cash. Predictbook found most Polymarket profits came from flipping live Dota odds, not holding the right team to settlement.
The NFL renewed DraftKings, FanDuel, and Fanatics—and still shut Kalshi and Polymarket out—while sending a new letter demanding “objectionable” football contracts come down before kickoff.
Polymarket opened never-expiring Brent and WTI contracts with up to 20x leverage, racing Kalshi for around-the-clock crude as regulators still debate continuous oil trading.
DraftKings began routing real NFL combo volume onto its in-house DKeX exchange last week, testing whether Sunday football can clear without sending the most valuable tickets to partner venues.