Nevada's gaming regulator has filed a civil lawsuit against Coinbase, alleging that the cryptocurrency exchange's prediction markets constitute unlicensed sports betting under state law. This legal action represents a significant regulatory challenge for Coinbase's expanding prediction market services.
Prediction market platforms Polymarket and Kalshi reached a combined milestone of $1 billion in open interest, with trading volume hitting $400 million for the first time. The surge was primarily driven by Super Bowl-related betting and strong activity in both sports and political prediction markets.
Prediction markets showed competitive performance during the Super Bowl, creating increasing pressure on traditional sportsbooks. While not achieving complete dominance, the data indicates prediction markets are gaining traction in sports betting.
Crypto.com has launched its own prediction markets platform called 'OG' as the company looks to capture trading volumes in the lead-up to Super Bowl LX. The move represents Crypto.com's expansion into the prediction markets sector, timing the launch to coincide with one of the year's biggest betting events.
Fanatics Betting and Gaming's CFO Andrea Ellis discusses the company's strategic use of AI technology in their betting and gaming operations. The article appears to be an interview-style piece focusing on how AI is being leveraged to improve business operations and strategic decision-making in the sports betting industry.
VOdds launched Odds Scanner, a new betting intelligence tool that compares bookmaker prices across multiple sports markets in one centralized platform. The feature aims to eliminate manual searching for odds by aggregating pricing data for bettors.
