MLB Teams Expand Prediction Market Deals as Kalshi Adds Five Clubs
Kalshi’s five new MLB team deals bring the total number of clubs with formal prediction market sponsorships to seven, adding momentum to a fast-growing but closely watched category.
Bonus News Team
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Polymarket, Kalshi Put Trump Behind Mamdani and Pope Leo for TIME Person of the Year
Prediction markets Polymarket and Kalshi currently rank Donald Trump third behind Zohran Mamdani and Pope Leo XIV in trading on TIME’s Person of the Year.
CFTC tells prediction markets to stop using moneyline odds in pricing displays
A new CFTC staff reminder tells regulated prediction market platforms not to present event contract prices as sportsbook-style moneyline odds, saying the format could mislead users about the nature of the contracts.
Delta and DraftKings Launch SkyPicks, a Free-to-Play In-Flight Sports Prediction Game
Delta and DraftKings have launched SkyPicks, a free-to-play sports game, according to a Gambling.com report published Aug. 5.
South Carolina Resident Sues DraftKings and Polymarket Over Alleged Illegal Sports Betting
A Charleston County complaint alleges DraftKings and Polymarket are using CFTC-licensed sports event contracts to offer illegal gambling in South Carolina.
Circa Sports Gets Arizona License, Adds Seventh Online Market
Circa Sports has been allocated an Arizona event wagering license, becoming the state's 15th regulated sportsbook. A launch date has not yet been announced.