DraftKings CEO Jason Robins reports rival prediction markets delivered only a slight impact on January sportsbook handle, mainly among low-margin traders, resulting in de minimis revenue effects.
North Carolina’s new budget boldly authorizes prediction market trading with a modest 6% tax on net fees—far lighter than sports betting’s 23% levy—igniting fierce debate over revenue shifts, regulatory gaps, and the future of event-based markets.
Outcry has arisen of late over prediction markets offering contracts on tragedies or unfortunate global events such as wars, assassinations,…
A high-stakes Polymarket trader known as coldsway lost $11.6 million in just 10 days betting on the 2026 World Cup, with only a 26.7% win rate across 15 positions as favorites crumbled.
As major sports events wind down, traders are debating whether Kalshi can sustain its record $31 billion June trading volume. Non-sports categories show promising independent strength amid the high-stakes transition.
Prediction markets straddle derivatives and gambling, sparking fierce battles between CFTC oversight and state authority. This false binary ignores critical grey areas, demanding nuanced rules that balance innovation, consumer protection, and federalism.
Traders have slashed the odds of a U.S. recession in 2026 to record lows of 8% on Kalshi and around 10-12% on Polymarket, reflecting surging confidence in economic resilience amid strong data.
Prediction markets promise unbiased crowd wisdom, yet skewed trader pools—young, male, and crypto-heavy—systematically distort forecasts. This hidden demographic bias threatens their value as reliable signals for decisions.
Spotify stripped more than 500,000 fake streams from Malcolm Todd’s “Earrings” after its sudden No. 1 chart leap aligned with intense Kalshi trading, igniting scrutiny over alleged manipulation in music prediction markets.
Paribu has launched the first centralized exchange integration of Polymarket prediction markets and Hyperliquid perpetuals, delivering seamless, self-custodial access to curated outcome contracts directly within its app.
