Events contract exchange Kalshi submitted paperwork to the U.S. Commodity Futures Trading Commission to allow sports predictions on major events like the Super Bowl. The first listings for sports predictions went live on Kalshi on 23 January. The company now offers contracts on markets with a “will win” format.
Kalshi isn’t the first event contract provider that has moved into sports, with Crypto.com recently launching its Super Bowl markets. However, the Commodity Futures Trading Commission asked Crypto.com to remove these markets pending a regulatory review. Crypto.com refused this request and continues to provide sports prediction contracts to players.
An events contract allows players to buy contracts that an outcome will happen.
