Series: Prediction Markets
Ongoing coverage of prediction markets and the questions they raise for gambling, finance and regulation. Follow the business strategies, legal disputes and policy developments shaping this fast-changing area.
Prediction Markets: Forty-Four States Tell the CFTC to Start Over
Forty-four state attorneys general challenge the CFTC's proposed prediction-market framework, alongside objections from Chris Dodd and sports leagues. The dispute centres on…
Interview with Elizabeth Lan Davis: Prediction Markets Cannot Be Easily Undone by a New Government
Former CFTC chief trial attorney Elizabeth Lan Davis argues that prediction-market rules will be difficult to unwind and warns that event contracts…
Prediction Markets: How Institutional Money and Political Pressure Are Driving Each Other
Institutional investment and political resistance are reshaping prediction markets together. As platforms connect with financial infrastructure, questions about integrity, consumer protection and…
Interview with Cole Wogoman, NCPG Director of Government Relations and League Partnerships
Prediction platforms should provide gambling-grade player safeguards, argues NCPG’s Cole Wogoman. He discusses limits, self-exclusion, accessible play histories and the regulatory gaps…
Prediction Markets: BETS OFF Tests Jurisdiction
The proposed BETS OFF Act and renewed CFTC rulemaking bring prediction markets into a sharper jurisdictional debate. Operators face uncertainty over permitted…
Super Bowl LX and Prediction Markets
Super Bowl LX highlighted prediction markets' reach beyond traditional sports bets into entertainment and live events. The expanding contract menu raises questions…
Interview with analyst David Katz: Prediction products are a difficult, narrow space
Jefferies analyst David Katz sees stronger opportunities in regulated casino and digital integration than in prediction products. He explains his concerns about…
Prediction Products Hit California: FanDuel, DraftKings and the New Rules of Risk
Prediction products reaching California sharpen the conflict between federal trading rules and state gambling safeguards. Sports leagues, tribes and regulators are challenging…
A New Animal: How Prediction Markets Push Sportsbooks to Choose Between Wall Street and Vegas
Prediction markets force sportsbooks to reconsider product identity, regulatory exposure and brand trust. New York's dispute with Kalshi and concerns about insider…
Prediction Market: FanDuel and DraftKings two strategies for prediction products
FanDuel and DraftKings take different approaches to prediction products: a narrower compliance-led rollout and a broader growth strategy. Their event-contract offerings test…
Prediction market: When bets become commodities
Sports event contracts are testing the boundary between gambling and financial derivatives. Courts, regulators and operators are contesting which rules apply as…
