Are Prediction Markets Poised to Take Over Sports Betting?

Prediction markets like Kalshi, Crypto.com, Polymarket, and Robinhood claim they facilitate derivative trades. With licenses from the US Commodity Futures Trading Commission (CFTC), the online websites and apps say state gaming laws don’t apply. Everyday you can find here the best NBA betting tips and predictions for all tonight’s… Will sports prediction markets be banned in any US state in 2025? Kalshi is available to users around the world under a global model that supports participation from over 140 countries. This expansion will create a single, unified liquidity pool for prediction markets, a structure that is unique to Kalshi,” the company said.

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State regulators, attorneys general, and lawmakers continue to seek ways to force the end of sports prediction markets in their jurisdictions. But with federal law preemption, bettors on Polymarket aren’t overly worried. NYC-based Kalshi is the US leader in prediction markets, but Polymarket, a crypto-based PM exchange also based in New York, leads elsewhere. Kalshi is focused on expanding globally, with the firm in October announcing that its liquidity pool spans more than 140 countries. The prediction markets have a major supporter in President Donald Trump. The former casino tycoon’s public company, Trump Media & Technology Group, is readying Truth Predict, a prediction market platform to integrate with the president’s Truth Social media platform.

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