Marcus DiNitto has covered sports business for 30 years and the gambling industry for nearly 15. He's been managing editor at SportsBusiness Daily, Sporting News and Gaming Today, director of content for a licensed sportsbook and produced content for top global brands. Marcus earned his MBA from UNC-Charlotte in 2001 and is involved in multiple entrepreneurial endeavors. Despite this dry bio, he's pretty funny, too.
1–20 of 22, newest first
At his Senate confirmation hearing, CFTC nominee Mike Selig told Democratic senators he would rely on the courts to decide whether sports event contracts are gambling.
A new federal cap on deductible gambling losses takes effect in 2026, and some large and professional gamblers may shift to prediction markets if trading there is treated as investing.
Days after its Polymarket deal, PrizePicks launched Kalshi prediction markets in its app, adding team and culture picks alongside its player pick'em games in some states.
The Massachusetts Gaming Commission told sports betting licensees that offering or steering patrons to sports event contracts could cost them their licenses.
Flutter and CME Group announced FanDuel Predicts, a standalone app that will offer sports event contracts in states where sports betting is not legal.
PrizePicks will integrate Polymarket's event contracts, including sports, entertainment and culture, into its app once Polymarket re-enters the US.
Assemblyman Clyde Vanel filed a bill to restrict prediction markets in New York, and Senate gaming chair Joseph Addabbo told DeFi Rate the state should act rather than wait.
DraftKings plans to launch a predictions platform with sports event contracts in the coming months, reaching states where its sportsbook cannot operate.
Schwab CEO Rick Wurster said sports contracts on prediction markets blur the line between gambling and investing, and he worries young people confuse the two.
Google is adding prediction market data from both Kalshi and Polymarket to Google Finance as part of an upgrade that also brings Deep Search and an India launch.
Crypto.com and Hollywood.com will launch prediction markets on films, TV, music, awards and Broadway, offered through Crypto.com's CFTC-registered exchange.
President Trump nominated Mike Selig, chief counsel of the SEC's crypto task force, to lead the CFTC after withdrawing Brian Quintenz's nomination.
CME Group CEO Terry Duffy told analysts the exchange will list sports event contracts with FanDuel if the federal government approves them.
The NHL became the first major US league to sign official deals with Kalshi and Polymarket, giving them league data, logo rights and partner status.
DraftKings completed its purchase of CFTC-approved Railbird Exchange and plans a DraftKings Predictions app for event contracts on finance, culture and entertainment.
Kalshi CEO Tarek Mansour says the exchange will serve crypto natives and mainstream users alike, and compares crypto to AI: companies that ignore it will be left behind.
Kalshi raised new funding led by Sequoia and Andreessen Horowitz at a five-billion-dollar valuation and went live in more than 140 countries.
Executives called ICE's planned Polymarket investment revolutionary for crypto, and ICE CEO Jeffrey Sprecher said tokenization could rewire the flow of the banking system.
NYSE owner ICE will make a strategic investment in Polymarket, distribute its event data and partner on tokenization as the prediction market readies a US return.
Kalshi posted its best week ever and more than double Polymarket's volume, driven by sports, as crypto head John Wang plans a deeper push on-chain.