Tag: prediction
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BetMGM cuts outlook as prediction market competition grows
July 27 : U.S. online gambling operator BetMGM on Tuesday downgraded its annual outlook for the second time this year and pushed back its target of reaching $500 million in profit, as competition from prediction market platforms mounts intensifies.Licensed sportsbook operators in the U.S. are facing growing p
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Fanatics to buy BGC Group assets to launch prediction market exchange
July 27 : Fanatics, a global sports platform, will acquire a designated contract market and a derivatives clearing organization from brokerage BGC Group to launch its own prediction market exchange, the companies said on Monday.Here are more details from the announcement: • Fanatics will buy Commodit
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Kalshi debuts US midterms hub for election forecasts and polling data
July 22 : Prediction market operator Kalshi said it had launched a new hub for tracking the U.S. midterm elections, offering users real-time election forecasts alongside polling, fundraising and historical election data.The New York-based company said the hub will provide a market-based view of election races
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Prediction market platform Polymarket tops $1 billion in annualized revenue, source says
June 26 : Polymarket’s annualized revenue has surpassed $1 billion, a source familiar with the matter told Reuters on Friday, highlighting the rapid rise of prediction markets as retail investors flock to trade on everything from elections and sports to financial events. Here are some details: • Pr
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Prediction market Kalshi bets on compliance to address insider trading concerns
June 9 : Prediction market Kalshi said on Tuesday it will mandate employment disclosures for users trading on sensitive contracts and launch a whistleblower portal, steps aimed at aligning the platform with regulatory expectations for market integrity.The move by Kalshi marks a shift toward building instituti
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Prediction Markets
The latest news and insight involving the growing prediction markets such as Kalshi and Polymarket.
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