Focus Areas

Politics
Legislation

Background

Pat Evans has nearly two decades of experience covering complex industries. Before joining Defi Rate in 2026, he spent more than 15 years writing about sports betting, food and beverage, construction, health care and sports business for national and regional outlets. He previously worked as a reporter and editor for publications including the Grand Rapids Business Journal, Front Office Sports, Legal Sports Report and iGaming Business, where he began in-depth reporting on prediction markets.

Pat holds a political science degree from Michigan State University.

A journalist since 2008, Pat has specialized in business reporting and since 2019, has built a reputation as a go-to source on how legislation and regulation shape the fast-changing gambling industry. For more than a decade, he established himself as a food and beverage expert with two books as well as national bylines including Thrillist, Gear Patrol and Beer Connoisseur Magazine.

When he’s not working, Pat enjoys exploring new restaurants and bars, reading, playing basketball and working on creative writing projects. He’s based in Grand Rapids, Michigan, where he has spent much of his career chronicling the city’s history.

Experience

Recent Articles

US Elections
Becerra Leads CA Governor Scramble as Markets Surge After Swalwell Exit
It has been more than a week since Eric Swalwell suspended his campaign for California governor, and prediction markets are treating the field like a live‑wire contest.  Polymarket and Kalshi markets related to the California governor race have all seen volume and volatility spike as traders sort through who really benefits from the collapse of a former frontrunner. […]
April 21, 2026
US Elections
Vance Leads GOP 2028 Odds as Markets Price Trump Risk
The Republican side of the 2028 presidential race on prediction markets looks much more structured than the Democratic one, because there is already a traditional heir apparent in Vice President JD Vance. Additionally, President Donald Trump keeps hanging over the field, including through hints about a possible third-term run that may never legally materialize but still […]
April 17, 2026
US Elections
Democratic Presidential Race Tops $1.1B in Trades with Two Years of Turbulance Ahead
Prediction markets are already treating the 2028 Democratic presidential race as a high‑volume, high‑volatility story with over $1.1 billion in trading volume, even though the field has barely taken shape and the primaries haven’t even begun.  On both Kalshi and Polymarket, California Governor Gavin Newsom leads the pack, with New York Rep. Alexandria Ocasio‑Cortez and Georgia Sen. Jon Ossoff also in […]
April 16, 2026
Industry
DHS Shutdown Becomes Longest Ever as Traders Price Prolonged Stalemate
The ongoing partial shutdown of the Department of Homeland Security has become the longest in U.S. history, and prediction markets are treating it as a core macro story rather than a niche policy dispute.  Kalshi and Polymarket volumes on DHS funding and shutdown duration contracts are running into the millions of dollars, with traders now leaning toward […]
April 14, 2026
US Elections
Swalwell Odds Plummet from 35% to 1% Before Dropping Out of CA Governor Race
The Rep. Eric Swalwell sex scandal firestorm hasn’t just rattled California politics, it has instantly rearranged the prediction markets odds boards on the state’s high-profile governor’s race. The Scandal has turned a political frontrunner into one of the most tradable fall-from-grace stories in the 2026 cycle. Swalwell plummeted from a 35% favorite to win in […]
April 12, 2026