Billionaire Funds Study on Online Betting's Male Harm
"John Arnold, a former energy trader, is pouring millions of dollars into research on the ills of online betting" Billionaire Investor Warns Sports Prediction Markets Harm Men https://t.co/6zixGBWDY5
BetMGM’s Heavy Spend Inflates Sports Betting Acquisition Costs
"...driving up customer acquisition costs by “buying sports betting keywords as well as throwing money at any sports media property that will take it.”" BetMGM’s Adam Greenblatt: Prediction markets ‘throwing money at’ sports media properties https://t.co/vjfmR3CoKa
Traders Wager $760M on Oil Dip Before Hormuz Reopening
"...around 20 minutes before Iran's foreign minister announced on Friday that the Strait of Hormuz was open" Traders place $760 million bet on falling oil ahead of Hormuz announcement https://t.co/CGzgaSsWa9
CFTC Chair Faces Bipartisan Pushback Over Crypto Prediction Markets
"Sports and war prediction markets and crypto-backed perpetual futures came under fire during a House committee hearing Thursday." CFTC Chair Mike Selig Faces Bipartisan Pushback on Prediction Markets, Hyperliquid Perps https://t.co/eRt5FRHcd1
Ohio Sues Kalshi for Evading Sports Betting Rules
“How Is that not gambling?” Ohio Takes on Kalshi for dodging sports betting regulations https://t.co/3RWYMlEg4q
Citadel Sees Prediction Markets, Not Sports Betting, as Geopolitical Hedge
"Esposito said Citadel Securities isn’t interested in sports betting, which makes up a large chunk of the activity on online prediction sites." Citadel Securities says prediction markets are a good hedge for geopolitical risks https://t.co/IChz3UtFCE
Citadel Watches Prediction Markets, Not Trading Yet
"Citadel Securities isn’t involved in trading event contracts currently, but the firm is “absolutely, keeping an eye on developments in the market”" Citadel Securities Looks at Prediction Markets as Trading Scales https://t.co/3priEzHR9U
Ninth Circuit Judges Question Sports Betting vs Casino Rules
"A three-judge panel pressed the exchanges on how sports betting differs from casino gambling." Online sports betting exchanges seek win before Ninth Circuit https://t.co/HmiCfIl3qq
FanDuel Pursues Prediction Market Contracts Independently of CME
"new FCM would be wholly owned by FanDuel with no CME involvement [...] The new registration, if and when approved, may simply give FanDuel some optionality..." FanDuel Registers New Interest In Prediction Market Contracts, Without CME Involved This Time https://t.co/EGMyrzBKpX
Jury Backs Polymarket Rescue, Traders Remain Outraged
"... jury that handles Polymarket disputes ruled that the quick, in-and-out rescue mission satisfied the terms of the contract. Traders on the losing side of the wager were outraged." Polymarket’s $269 Million Question: Did U.S. Forces ‘Enter’ Iran? https://t.co/ETehpX08Zh
White House Bans Staff Betting on Iran War Predictions
"Well-timed bets about the war in Iran have raised eyebrows and calls from Democrats for more regulation" White House Warns Staff Not to Place Bets on Prediction Markets Amid Iran War https://t.co/4EjydM6lal
Prediction Markets Prioritize Fees Over Trading Efficiency
"But the biggest prediction markets today are not primarily built around trading efficiency. Kalshi, for example, operates more like a square sportsbook than a sharp sportsbook. Its model is built around bringing in price-insensitive takers and letting market makers trade...
Event‑betting Could Earn $10 B Annually From $1.1 T Market
"The bank's analysts say that would translate into around $10 billion in annualized revenue for event-betting companies, assuming an average fee of about 1%." Bank of America Sees a $1.1 Trillion Market for Sports Event Betting in US https://t.co/F68zNFeBVY
Iran Ceasefire Sends Prediction Markets Into Turmoil
"contract resolved to "yes" following Tuesday evening's announcements, but its outcome has since been changed to "disputed" given continued disruptions to Hormuz Strait shipments and enduring hostilities" Iran Ceasefire Wreaks Havoc on Prediction Markets https://t.co/uv56XlWTW9
Prediction Market ETFs Could Become Viable Investment Tools
"On this episode of Trillions, Eric Balchunas and Joel Weber interview Matt Hougan, chief investment officer of Bitwise and one of those filers, about why prediction market ETFs might make sense" Prediction Markets May Be Coming for ETFs https://t.co/hRoSJZ6Jb2