Prediction markets – FairOdds Network

March 24, 2025

Kalshi announces RG tools, IC360 partnership as roundtable approaches

Kalshi today (24 March) announced a new responsible gaming hub and a partnership with integrity monitor IC360 as it continues to toe the sports betting line.

In a post on X, Kalshi CEO Tarek Mansour said the platform is debuting a ‘Consumer Protection Hub’. This will include “features like deposit caps, trading breaks and voluntary opt-outs”. These features, Mansour said, work in tandem with Kalshi’s “market surveillance team” and regulatory systems.

The phrase “responsible gambling” (RG) is absent from the announcement. However, the features are essentially identical to those offered by regulated sportsbooks. All major operators currently offer deposit and time limits as well as self-exclusion tools.

Mansour also announced Monday that Kalshi is partnering with integrity monitor IC360 for its sports contracts. The CEO said IC360’s data will enhance Kalshi’s “ability to prevent bad actors” and report them to sports leagues and regulators.

No important financial innovation has eve..

March 12, 2025

MLB seeks CFTC “integrity framework” for prediction markets

Major League Baseball, perhaps hedging its position regarding the eventuality of trading on its product becoming being a widespread part of prediction markets, asked the Commodity Futures Trading Commission (CFTC) to create an “integrity framework” similar to those in place with states that authorise legalised sports betting.

The Closing Line substack was first to report MLB sent a letter via email to the CFTC noting that the “limited MLB event contracts available today do not carry the same integrity risks as prop bets even single-game bets, but we expect that equivalent offerings will arrive soon.”

To that end, MLB wants that integrity framework for prediction markets in a manner consistent with how it supports “legal sports betting at the state level based on robust regulation and relationships in which sports leagues are viewed as partners and integrity of competition is considered paramount.”

Watching and waiting on Kalshi

MLB’s request of the CFTC comes at a time when Kalshi ..

February 25, 2025

Nevada’s Titus is latest to push back on prediction market wave

Longtime Nevada representative Dina Titus has become the latest official to reach out to the Commodity Futures Trading Commission (CFTC) regarding tougher enforcement against prediction markets.

Nevada’s Dina Titus is in her seventh two-year term as an elected official in the house of representatives. As such, she has experience with following proper processes and protocols to get things done.

And in a letter sent last Friday (21 February) to Commodity Futures Trading Commission (CFTC) acting chairwoman Caroline D Pham, Representative Titus took issue with prediction market operators offering a form of sports betting without going through all the proper processes and protocols.

“This year, platforms have started to offer contracts on sporting events,” Titus wrote about midway through her two-page letter, a copy of which she posted on social media. She was referring to the likes of Kalshi, Crypto.com, Robinhood and others. The platforms permit users to risk money, in a stock market-..

February 6, 2025

Super Bowl LIX: Record projections, prediction markets and prop scrutiny

This Sunday (9 February), the two-time reigning champion Kansas City Chiefs will defend their title against the Philadelphia Eagles in Super Bowl LIX. The game is America's biggest stage, for legal bookmakers, illegal ones and everything in between.

As of this writing, the Chiefs are 1.5-point favourites over the Eagles at most major books, with the exception of Caesars Sportsbook (-1). The line has held steady since it opened following the conference championships 26 January. Kansas City is almost universally -120 on the moneyline, with Philadelphia hovering around even (+100) up to +105 at Bet365.

The over/under for the game opened at 50.5 points, but books now vary between 49.5, 49 and 48.5. The fact that it has gone down is likely in response to the Eagles’ first-ranked defence. That said, Kansas City has scored at least 25 points in three of its four Super Bowl appearances since 2019. The only time it didn’t was 2021, when it lost to the Tampa Bay Buccaneers 31-9.

This ..

February 3, 2025

Robinhood to offer Super Bowl betting via Kalshi

Partnership with brokerage makes event contracts available to large swath of population.

Robinhood announced on Monday (3 February) morning that it will be offering event contracts via Kalshi for Super Bowl LIX, creating the potential for a significant expansion of prediction market event trading. The Super Bowl is set for Sunday (9 February) between the Kansas City Chiefs and Philadelphia Eagles.

Front Office Sports was the first to report the announcement.

According to a press release from Robinhood, the brokerage views event contracts as “an opportunity to better serve our customers as their interests converge across the markets, news, sports and entertainment.” It plans to have event contracts available in all 50 states through Kalshi, saying they “leverage the power and rigour of the financial market structure to facilitate greater liquidity, transparency and price discovery”.

Access to Robinhood marketplace

The partnership furthers Kalshi’s rapid movement in getting Super Bo..

November 4, 2024

Rush to the polls, bet from anywhere: Prediction markets abound ahead of US elections

On 5 November, US voters will elect a new president and decide a litany of other political issues. What makes this election different from past ones is that investors – and bettors – have pounced on the rise of political prediction markets such as Kalshi.

Prediction markets, or derivatives exchanges that offer “yes/no” event futures contracts on current events like politics and pop culture, have been around for several years in relative grey-area obscurity. But a recent US federal court ruling appears to have opened the floodgates, at least for now.

On 2 October, the US Court of Appeals for the District of Columbia ruled in favour of Kalshi, a New York-based exchange whose senate- and house-related contracts had been delisted by the Commodity Futures Trading Commission (CFTC) in June 2023. The CFTC argued unsuccessfully that the contracts involved gaming due to their speculative nature.

Kalshi, meanwhile, leaned into arguments that have similarities to those used for legalised sp..

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Tag: Prediction markets