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When Gambling Meets Economics: The Infinite Possibilities of Prediction Markets

Prediction betting markets are a new type of trading platform that allows participants to bet on future events by buying and selling "event outcome contracts." In these markets, you can bet on the outcomes of various events - from sports game results and election outcomes to economic indicators and

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SCCG Market Research: Financial Innovation or Disguised Gambling? Regulatory Grey Areas Spark Controversy

SCCG Market Research: Financial Innovation or Disguised Gambling? Regulatory Grey Areas Spark Controversy

SCCG Research has provided its latest research excerpt, focusing on an increasingly controversial topic: Are prediction markets legitimate financial instruments, or merely a form of disguised gambling?In this gray area at the intersection of law and ethics, the ambiguity of boundaries is prompting r

PASA News
The Boundaries and Future of Sports Betting Transactions: Sporttrade CEO Discusses Prediction Markets, Regulatory Games, and Tribal Roles

The Boundaries and Future of Sports Betting Transactions: Sporttrade CEO Discusses Prediction Markets, Regulatory Games, and Tribal Roles

Alex Kane, CEO of Sporttrade, deeply explored the integration of prediction markets and sports betting from a philosophical perspective in a recent webinar, highlighting the potential strategic role of tribes in this field. He analyzed the emerging field with a gentle yet sharp perspective, noting t

PASA News
American tribal law experts warn: Predicting the market poses a survival threat to indigenous gambling.

American tribal law experts warn: Predicting the market poses a survival threat to indigenous gambling.

As the prediction market rapidly expands in the United States, more and more tribal law experts are issuing warnings, stating that this trend poses an unprecedented "existential threat" to the Native American gaming system.At the "New Normal" series of webinars hosted by the Indian Gaming Associatio

PASA News
The rise of the U.S. prediction gambling market poses a new threat to tribal gambling industries.

The rise of the U.S. prediction gambling market poses a new threat to tribal gambling industries.

In the modern economic history of the United States, Indian tribal gaming is recognized as one of the most successful economic development models on reservations. Over the past forty years, the industry has not only helped communities escape poverty but also granted Native Americans unprecedented ec

PASA News
CFTC voluntarily dismisses lawsuit, election betting regulation takes a sudden turn: Prediction markets may enter a "legalization era"

CFTC voluntarily dismisses lawsuit, election betting regulation takes a sudden turn: Prediction markets may enter a "legalization era"

The U.S. Commodity Futures Trading Commission (CFTC) this week voluntarily withdrew its appeal against the Kalshi exchange, marking an official end to its policy of cracking down on election betting. This move not only represents a significant shift in regulatory attitudes but also signals the gradu

PASA News
The NBA calls on the CFTC to establish a regulatory framework for sports prediction markets, focusing on the industry's rapid growth.

The NBA calls on the CFTC to establish a regulatory framework for sports prediction markets, focusing on the industry's rapid growth.

The National Basketball Association (NBA) has submitted a letter to Caroline D. Pham, the acting chair of the Commodity Futures Trading Commission (CFTC), specifically discussing the expansion of sports prediction markets.The letter outlines the potential risks to the fairness of NBA games, as these

PASA News
What is the "Prediction Market"? PASA unveils the emerging business of "Prediction Market Betting"

What is the "Prediction Market"? PASA unveils the emerging business of "Prediction Market Betting"

In today's increasingly integrated world of gambling and finance, a new concept is quietly emerging—Prediction Market Betting.It is not traditional sports betting, nor is it typical stock or futures trading, but a form of "knowledge competition" based on the outcomes of events, gradually reshaping p

PASA Original
Kalshi Expands Prediction Market Landscape: Officially Launches MLB Single-Game Event Trading, Targeting New Blue Ocean in Sports Finance

Kalshi Expands Prediction Market Landscape: Officially Launches MLB Single-Game Event Trading, Targeting New Blue Ocean in Sports Finance

The American prediction market trading platform Kalshi has officially launched a single-game trading market for Major League Baseball (MLB), allowing users to trade on the outcome of each game. Following the recent launch of NBA playoff contracts, this marks an acceleration in Kalshi's strategic dep

PASA News
Prediction Markets: Can Gambling Bring Benefits to the World?
Video12:39

Prediction Markets: Can Gambling Bring Benefits to the World?

PASA TV
The Future of Sports Betting? How Predictive Markets Are Changing the Game Rules!
Video04:03

The Future of Sports Betting? How Predictive Markets Are Changing the Game Rules!

PASA TV
The ECGC expert group stated: "Predicting the market" and off-case betting have brought unprecedented impacts to the legal market in the United States.

The ECGC expert group stated: "Predicting the market" and off-case betting have brought unprecedented impacts to the legal market in the United States.

The challenges traditional casinos face from illegal gambling, offshore websites, lottery casinos, and so-called "prediction markets" seem to be intensifying, as the debate over whether legal iGaming sites might erode the revenue of physical casinos continues.At the 28th East Coast Gaming Congress h

PASA News
The future has arrived! Prediction Markets are reshaping global gambling and decision-making methods.

The future has arrived! Prediction Markets are reshaping global gambling and decision-making methods.

Prediction Markets are an emerging financial instrument that allows participants to bet on the outcomes of real-world events and reflect collective intelligence through market mechanisms. These markets combine economics, game theory, and blockchain technology, and are widely used in political electi

PASA News
Encryption Magic: In-depth Analysis of Polymarket, SX Bet, Pred X, and Azuro Prediction Markets

Encryption Magic: In-depth Analysis of Polymarket, SX Bet, Pred X, and Azuro Prediction Markets

Predicting the market is an open market that predicts specific outcomes through financial incentive mechanisms. These markets are trading markets established for betting on various event outcomes. Market prices can reflect the public's view of the probability of an event occurring.A typical predicti

PASA Original
After Polymarket, what potential projects in the prediction betting market could make a fortune?

After Polymarket, what potential projects in the prediction betting market could make a fortune?

Market OverviewThe prediction market can be divided into two main camps: non-sports and sports. The non-sports market is relatively underdeveloped, with multiple target areas: cryptocurrencies, political events, cultural events, etc.Polymarket is the undisputed leader in the non-sports market, main

PASA Original
Polymarket, the company that accurately predicted Trump's victory, is a prediction betting market on the rise.

Polymarket, the company that accurately predicted Trump's victory, is a prediction betting market on the rise.

Polymarket is a decentralized binary prediction market built on Polygon, where users can use USDC to place bets on any future events that have not yet occurred, including topics in business, politics, pop culture, sports, and more.After the outcome of the event is determined, the losing side will lo

PASA News
After failing in the regulated sports betting sector, the Sports Illustrated brand is entering the prediction market.

After failing in the regulated sports betting sector, the Sports Illustrated brand is entering the prediction market.

Media brands are collaborating with Galactic to launch the "unmanaged platform" SI Predict in the second quarter.Sports Illustrated was once one of the most famous brands in the sports media world.Times have changed, and the media field has become bland, but apparently some still believe the letters

PASA News
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