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Brokerage firm tastytrade has entered the prediction markets space with a platform regulated by the Commodity Futures Trading Commission, offering event contracts tied to economic and political outcomes while steering clear of sports betting amid federal regulatory uncertainty. Tastytrade launched a prediction markets platform operating under Commodity Futures Trading Commission (CFTC) oversight, notably choosing to […]

A bill introduced in the Pennsylvania legislature would prohibit licensed sportsbooks from offering or facilitating prediction markets, drawing a firm regulatory line between traditional sports wagering and event-based prediction contracts. The proposed legislation targets the growing intersection of regulated sports betting and prediction markets. The two sectors have increasingly overlapped as platforms like Kalshi and […]

Drake has placed a large cryptocurrency wager on the Spain vs. Argentina World Cup final, with a potential payout of $5 million. The bet is the latest in a string of publicly shared high-stakes sports wagers from the Canadian rapper. The entertainer shared the wager on social media, targeting what amounts to one of the […]