Insight
Dustin Gouker answers our burning questions about prediction markets, emerging verticals
Dustin Gouker is one the most well-known and respected reporters in the gaming industry. He’s spent more than 20 years as a sports journalist, and nearly six heading up content at Catena Media. Today, Dustin writes two of the industry’s hottest newsletters—The Closing Line and Event
How Polymarket and Kalshi are gamifying truth
From bettors wagering millions on Jerome Powell’s every word to billion-dollar valuations and mounting legal battles, prediction markets have leapt from fringe experiment to financial juggernaut—blurring the line between truth discovery and high-octane gambling.
Polymarket Thinks Bitcoin Will Hit $75,000 Next Week, But Charts Disagree
Prediction markets show optimism, but momentum signals hidden weakness beneath Bitcoin price. Whale accumulation hides deeper split that could decide Bitcoin’s next major move.
Prediction markets want to eat the news
Regulators noticed Polymarket and Kalshi rake in cash on sports bets. So now prediction markets are cosplaying as the future of news.
Sports Leagues Warm To Prediction Markets After Federal Backing
With federal regulators suddenly willing to defend prediction markets, major US sports leagues are quietly softening their opposition in a pivot that closely mirrors their historic, lucrative embrace of sports contracts.
What happens on prediction platforms can steer traditional markets, NYSE chief says
Prediction market outcomes are being used as inputs for how players deal with traditional financial markets, NYSE President Lynn Martin said at Mar-a-Lago on Wednesday.
States Encroach on Prediction Markets
The CFTC, the legitimate regulator of these financial instruments, backs Crypto.com in a lawsuit appeal.
Ethereum Co-Founder Vitalik Buterin Calls for Prediction Market Reset
Ethereum co-founder Vitalik Buterin criticized the current direction of prediction markets, warning that an increasing focus on short-term bets risks distorting incentives and encouraging harmful behavior.
Prediction volume hits record off Super Bowl Sunday
Parlays boosted sportsbook margins; Kalshi faced outages amid 20-fold volume spike Americans wagered a record $1.76 billion on the Super Bowl, according to American Gaming Association projections, as a wave of first-time bettors and an explosion in parlay activity delivered a windfall for the sports-betting industry
Gambling Stocks Sag as Prediction Markets Steal Super Bowl Bets
The Super Bowl is supposed to be the highlight of the calendar for gambling companies. This year, though, a cloud has descended over the industry as the big game approached. The stock of Flutter Entertainment Plc, which runs one of the most popular US gambling apps, FanDuel, is on an
Prediction market Kalshi seeks US approval to offer margin trades
Prediction market operator Kalshi is seeking US regulatory approval to allow margin trading on its platform, as it seeks to lure institutional investors with more sophisticated financial contracts. Kalshi has held meetings with the Commodity Futures Trading Commission over several months in its effort to win approval, according to people
Wall Street’s Top Cop Expects Enforcement on Prediction Markets
Wall Street’s top cop expects regulators to take actions tied to prediction markets following a surge in trading on the platforms over the past year, saying that simply making bets outside of traditional spaces “doesn’t insulate you from fraud.” Manhattan US Attorney Jay Clayton made the comments Thursday
