Predicting a New Era for the Market: Waterhouse VC Unveils New Opportunities in the Gambling Industry

Tom Waterhouse of Waterhouse VC suggests that prediction markets are expected to rival sports betting and open up new growth avenues for gambling operators.Prediction markets first gained widespread attention during the US elections in November 2024, when trading volumes surged. The key issue is wh

Prediction Markets: The Future or Gambling?

What is the difference between prediction markets and gambling?

Kalshi's valuation surpasses $2 billion, igniting a new trend in the "prediction market" with its fundraising.

The American prediction market platform Kalshi recently completed a new Series C funding round, raising a substantial $185 million, which boosted its valuation to $2 billion, making it one of the most notable "unicorns" in the field. This funding round was led by Paradigm, a venture capital firm foc

Quintenz attends confirmation hearing, reaffirms strong support for predictive markets: Future regulatory direction of CFTC raises concerns

The U.S. Senate Committee on Agriculture, Nutrition, and Forestry held a highly anticipated confirmation hearing for Brian Quintenz as chairman of the Commodity Futures Trading Commission (CFTC). Although the primary responsibility of the CFTC is to regulate the derivatives market, the agency's impo

Predicting Markets: The Next Generation of Legal Gambling or a New Target for Regulation?

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

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

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

Prediction Markets: Can Gambling Bring Benefits to the World?

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

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

Polymarket is under scrutiny for a $7 million Ukrainian mineral trade bet, sparking manipulation controversy.

The decentralized prediction market Polymarket has recently been embroiled in controversy due to a bet involving Trump and Ukraine mineral trade. The market has accumulated a trading volume of over 7 million USD, but the final settlement results, dominated by whale voting, have sparked intense comm