Kalshi, Week 2 and Polymarket
Digest more
Miami at $0.105 per share to beat San Francisco (up 3 cents against the Dolphins since Sunday, and continuing to slide since this article first published)
Prediction markets have grown considerably amid a ballooning sports betting market. What should consumers know about what's next for these brands on TV and in court?
A handful of funds have pre-IPO exposure to Kalshi and Polymarket. Investors need to tread cautiously.
The SportsLine Projection Model has the Bears beating the Vikings, 28-20, on Sunday. At Polymarket, the Bears are trading at $0.51 per share to win by six or more points, while the Vikings are trading at $0.51 to lose by five or fewer points or win outright. Get a $50 bonus after a $10 deposit with the Polymarket promo code CBSSPORTS:
Prediction markets have taken off in popularity, drawing billions of dollars in trades. Some states have tried to ban them.
Polymarket has reached 43.8% of Kalshi's football trading volume within months of its US launch, signaling rapid growth in prediction market
The cease-and-desist letters were sent to Polymarket, Kalshi, Crypto.com, Novig, Underdog and Robinhood.
Claim the upgraded Kalshi promo code SYRACUSE before Florida State vs. Alabama. New users can deposit $25 and receive another $25 in bonus trading funds.
Missouri just gave Polymarket, Kalshi and Robinhood a 30-day ultimatum over sports betting. Comply or face enforcement.
The legal battle over whether prediction markets are a form of gambling has overshadowed something else entirely: They’re already a new form of media.