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

Industry
CME Stops Adding Sports and Awards Futures, Letting Existing Markets Run Off
CME is ending new expiries for its sports and cultural event-contract swaps, including contracts tied to sports, the Oscars and the Grammys. Existing positions will continue trading and clearing through expiration, but once those contracts run off, CME’s own prediction-market experiment will effectively go dark unless it files another rule change.
September 11, 2026
US Elections
Michigan Senate Markets Give El-Sayed Significant Edge as Polling Shows a Dead Heat
More than $5.7 million has traded across Kalshi and Polymarket on Michigan’s open Senate race, with both platforms putting Abdul El-Sayed in the low- to mid-60s. But a new Detroit-area poll gives Republican Mike Rogers a narrow lead, underscoring how far prediction-market confidence has moved ahead of the conventional view in a race central to Senate control.
September 9, 2026
US Elections
Kalshi Sees Democrats Holding New Hampshire Senate Seat Despite Toss-Up Talk
Chris Pappas and John E. Sununu easily cleared their primaries Tuesday, setting up one of November’s most consequential Senate races. The conventional political view calls New Hampshire a tight, must-win Democratic hold. Kalshi traders disagree, at least for now, giving the Democrat an 84% chance on nearly $400,000 in trading volume.
September 9, 2026
Legal News & Updates
Tenth Circuit Backs Utah in New Blow to Kalshi’s Sports Prediction Markets
The appeals court affirmed Utah’s ability to enforce its gambling laws against Kalshi’s sports-event contracts, adding another federal appellate loss for the platform as New Jersey asks the Supreme Court to settle the growing conflict over whether prediction markets are federally regulated swaps or state-regulated sports betting.
September 8, 2026