Kalshi, the federally regulated prediction-market exchange, told the Commodity Futures Trading Commission it will add three football wagering contracts ahead of the upcoming season: touchdown-scorer props, point-margin spreads and over/under point totals. The move broadens a sports portfolio that has so far focused on championship futures and money-line bets, and follows a separate rollout of markets that let users back algorithmic trading models. The expansion comes as Kalshi faces intensifying legal pressure from states that say the platform operates like an unlicensed sportsbook. Earlier this month, U.S. District Judge Adam B. Abelson ruled in Maryland that he saw “no meaningful distinction” between Kalshi’s exchange and traditional gambling, allowing the state to press its case. Kalshi has appealed to the Fourth Circuit and continues to operate while the injunction request is pending; at least five other states and three California tribes have filed similar suits. Kalshi argues that its exchange, overseen by the CFTC, offers Wall Street-style protections and lets users trade against one another rather than the house. The company says more than $2 billion in sports event contracts have changed hands this year. It raised $185 million in June in a round led by crypto-focused investor Paradigm and counts retail-trading app Robinhood and Crypto.com as distribution partners.
Prediction markets taking off are the most validating event for me in terms of mainstream blockchain use case beyond stablecoin and capital formation . Ethereum whitepaper mentioned prediction market as one of the main use cases blockchain enables and there was so much https://t.co/XR45oLa0SP
Here are all the prediction market adjacent projects with tokens. Seems like some @j0hnwang bullpost effect going on - not sure. 1. Truemarkets (@Truemarketsorg) $TRUE 16M FDV - a generalized PM, now seems to be moving to a mobile app 2. Flipr (@fliprbot ) $FLIPR 11M FDV -
What’s the best way to get exposure to prediction markets rn???