35% of Bettors Are Abandoning Sportsbooks for Prediction Markets
A Fullstory survey of 1,000-plus US bettors finds 35% cutting sportsbook use as Kalshi and Polymarket exploit the same regulatory arbitrage DraftKings once did.
Topic
Prediction Markets
Topic
Prediction Markets
New York Sues Polymarket Over Unlicensed Gambling Claims
New York sued Polymarket on Thursday, calling it an unlicensed gambling operation, seeking fines and user restitution, and asking…
Public's AI Agents Now Trade Event Contracts on Kalshi
Public has tied up with Kalshi to let AI agents trade event contracts and use prediction-market data as portfolio signals, with u…
Kalshi Is Worth Up to $42 Billion, If the Courts Cooperate
PitchBook values Kalshi at $30.4 billion in its base case, with a $42.1 billion bull scenario—but sports litigation before the Su…
Kalshi Asks CFTC to Approve Margin Trading on Its Platform
Kalshi has asked the CFTC to let users borrow money to wager on its prediction market, a move it says will attract institutional…
Kalshi Asks CFTC to Approve Margin Trading on Prediction Markets
Kalshi's clearinghouse Kalshi Klear filed with the CFTC to offer leveraged event contracts, targeting institutional traders as vo…