News categoryIndustry
Industry stories
21–40 of 223, newest first
- Flutter Moves All FanDuel Predicts Sports Contracts to Crypto.com as Market Making Ramps Up
Flutter is moving all FanDuel Predicts sports contracts to Crypto.com while CME keeps financial markets, and its market making business is growing quickly.
- Novig Launches Federally Regulated Sports Prediction Market Platform Through Ludlow Exchange
A Tuesday app update told users Novig is now a federally regulated exchange, required acceptance of Ludlow Exchange terms and opened nationwide access to a broad lineup of sports contracts.
- Polymarket Reportedly in Talks for Funding at $20B-Plus Valuation
A potential $20 billion-plus valuation would narrow the gap with Kalshi, which was valued at $22 billion in May, as Polymarket’s revenue and U.S. trading volume continue to climb.
- Polymarket Secures ATP Tour Video Streaming Rights, a First Among Major U.S. Prediction Market Platforms
The exclusive deal will let Polymarket US users watch roughly 20,000 ATP and Challenger Tour matches per season directly alongside related prediction markets.
- IG Group to Acquire Underdog for Up to $1.3 Billion in Major US Prediction Market Push
The British global online trading company announced the deal just 12 days after Underdog launched prediction markets through its own federally regulated exchange.
- Rush Street Hedges with Prediction Market Filings to Preserve ‘Strategic Flexibility’
BetRivers parent Rush Street is seeking CFTC exchange and clearinghouse approvals before deciding whether to launch a consumer prediction market product.
- Fanatics to Acquire BGC Prediction Market Exchange and Clearinghouse
Fanatics agreed to buy BGC Group's regulated exchange and clearinghouse, giving Fanatics Markets its own full stack to compete with DraftKings and FanDuel.
- Netflix’s “The Prediction Games”: 36 Minutes Is Not Enough for Prediction Markets
Netflix's The Prediction Games is more balanced than its trailer, covering founders, regulators, traders and the worst outcomes, but its short runtime can't do any of them justice.
- Netflix Prediction Market Documentary Arrives One Week After World Cup Final
Netflix’s latest Instadocs documentary premieres Sunday, exploring the opportunities and risks behind the prediction market industry’s rapid growth.
- Kalshi and Sports Prediction Markets Critic Find Common Ground at Council on Foreign Relations Roundtable
Kalshi’s Robert DeNault and prediction market critic Mick Mulvaney agreed on the industry’s potential value but remained divided over sports contracts, consumer protections and state authority.
- Kalshi Turns Election Markets Into New Midterm Forecasting Hub
Kalshi's new Midterms Hub combines live House, Senate and governor market odds with maps, projected seats, polling and campaign-finance data.
- Prediction Markets Favor Miami as LeBron James Frenzy Builds with $220M in Trading
LeBron James's next team is the NBA's biggest offseason market, and Kalshi and Polymarket both favor a Miami Heat reunion over Cleveland, Golden State and Philadelphia.
- Kalshi World Cup Volume Exploded to $13.8 Billion, an All-Time Event Record
World Cup trading was the biggest event in Kalshi's history and drove new daily, weekly and monthly records. DeFi Rate breaks down the markets and matches that drew the most.
- CFTC Approves Water Street Labs Designation But Little is Known About Emerging Platform
Water Street Labs, LLC received CFTC designation for its contract market on Thursday as competition continues to proliferate in the prediction market exchange space in the United States.
- OpenAI Begins Showing Kalshi World Cup Odds in ChatGPT Search Results
The integration, first reported by The New York Times, adds Kalshi-sourced win forecasts to some World Cup match cards but does not allow users to place bets or link directly to Kalshi.
- Kalshi Launches Pro Trading Terminal for Prediction Markets and Perps
Kalshi Pro gives active traders a customizable platform for monitoring markets, managing orders and trading perpetual futures.
- Kalshi Hits $1B on Winner Market as Prediction Apps Continue to Gain Daily Active Users During World Cup
Apptopia data shows prediction market apps continued adding users later in the World Cup, while Kalshi’s tournament winner market topped $1 billion in trading volume.
- Kalshi Taps ADI Predictstreet for FIFA World Cup Prediction Market Deal
Kalshi became an official FIFA World Cup partner through a deal with ADI Predictstreet, pairing its record World Cup trading with official FIFA rights.
- DraftKings Announces DKeX Launch to Move Toward $10 Billion Revenue Goal
DraftKings has taken its proprietary exchange product live, touting advantages of greater control over customer experience and product performance.
- Kalshi Reportedly Eyes $40B Valuation After Record Volume Surge
Reported talks would nearly double Kalshi’s May valuation after a record stretch that included its first billion-dollar trading days and nearly $9 billion in weekly volume.