Polymarket has signed a groundbreaking $22 million jersey sponsorship with S.S. Lazio, marking the first time a prediction market platform has partnered with a professional sports team. The deal is notable for occurring despite Polymarket being banned in Italy, where its prediction markets are classified as illegal gambling by regulators. …

LaLiga has announced a multi-year partnership with Polymarket, becoming the first European soccer league to align with the prediction market platform in the U.S. and Canada. The deal aims to deepen fan engagement through digital and social programming, VIP experiences, and exclusive meet-and-greets with LaLiga legends. However, the partnership faces …

Major League Baseball has partnered with Polymarket to enter the prediction markets space. A former NFL gambling deal architect shares insights on how MLB can navigate this new venture, emphasizing the importance of integrity and transparency in sports betting partnerships.

Geopolitical prediction platforms face intense political scrutiny following reports that anonymous gamblers extracted millions from the popular cryptocurrency platform Polymarket by successfully predicting specific military strikes against Iran. On February 28, US and Israeli forces executed military attacks on Iran, eliminating the country’s supreme leader precisely as predicted by Polymarket …

Jake Paul’s betting company Betr is entering the prediction markets space through a new partnership with industry leader Polymarket. The companies announced a multi-year agreement that will integrate Polymarket’s event contracts into Betr’s mobile application. The deal represents Betr’s latest move to build what it calls a “super app” for …

The Investor and Financial Education Council (IFEC) in Hong Kong has issued a warning that prediction market platforms like Polymarket and Kalshi may fall under the jurisdiction of illegal gambling laws. According to the council, which operates under the Securities and Futures Commission (SFC), these platforms lack the protections and …

Bank of America has forecasted that sports event contracts on prediction market like Kalshi and Polymarket could reach an annual volume of $1.1 trillion, marking an elevenfold increase from the estimated $100 billion expected this year. This projection suggests that prediction market operators could generate $10 billion in annual revenue …

Kalshi is aggressively pursuing a $20 billion valuation as it expands prediction markets far beyond sports betting, venturing into politics, pop culture, and economics to attract a more diverse user base. The platform, traditionally dominated by young male sports bettors, is making significant strides in diversifying its audience. Women now …

Dana Nessel, Michigan’s Attorney General, has filed a lawsuit against prediction market platform Kalshi. The state wants to stop Kalshi from offering sports-related event contracts to Michigan residents. The lawsuit claims Kalshi operates unlicensed sports betting in the state. “These contracts function as gambling,” Nessel argues. The state seeks a …

The Nevada Gaming Control Board has filed a civil enforcement action against Kalshi, seeking to block the prediction market operator from doing business in the state. The move follows a ruling by the 9th Circuit Court of Appeals that paved the way for Nevada to enforce its gaming laws against …

National Basketball Association Commissioner Adam Silver has signaled that his organization approaches prediction markets with the same regulatory scrutiny applied to conventional sports betting operations. Addressing media during All-Star Weekend festivities, Silver explicitly categorized platforms such as Kalshi and Polymarket as gambling businesses. “We essentially view prediction markets identically to …

Seventeen-time World Series of Poker champion Phil Hellmuth demonstrated his appreciation for a winning bet by presenting PrizePicks founder Adam Wexler with a $100,000 Tourbillon watch. The gift commemorates PrizePicks’ landmark sale to European lottery giant Allwyn, a transaction that could ultimately value the daily fantasy sports pioneer at $4.15 …

Proprietary trading powerhouse Jump Trading has made a major move into the prediction market space, securing equity positions in industry leaders Kalshi and Polymarket. The Chicago-based firm will provide liquidity services to both platforms, marking another significant bridge between traditional finance and the burgeoning event contract sector. The arrangements give …