The 2026 World Cup is the biggest betting event in American sports history. US sportsbooks are projecting a tournament-long handle somewhere between $2.82 billion and $4.3 billion, which would dwarf the last three Super Bowls combined. Kalshi hit $1 billion in single-day prediction market volume for the first time in its existence. The numbers areContinue reading “World Cup Betting Is Having Its Best Tournament Ever — and Bettors Are Getting Torched”
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DraftKings Is Spending $48M to Kill Prediction Markets While Secretly Building One — This Is the Industry
A federal appeals court ruled on April 6 that Kalshi’s sports contracts are legal “swaps” under the Commodity Exchange Act, putting the CFTC — not state gaming boards — in the driver’s seat on prediction markets. The Third Circuit went 2-1. The dissenting judge called it “a performative sleight meant to obscure the reality thatContinue reading “DraftKings Is Spending $48M to Kill Prediction Markets While Secretly Building One — This Is the Industry”
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