Regulations, scam alerts, blockchain tech, and token events
Kalshi signed exclusive multi-year branding partnerships with five MLB clubs, including the Los Angeles Dodgers, as prediction market operators move closer to US pro sports.
Sportsbook supplier DATA.BET reported a sharp rise in esports GGR and turnover while launching the first version of its prediction markets product.
DraftKings signalled it would go on the offensive against Kalshi and Polymarket, two operators discussed at valuations above $20bn, after mixed second-quarter results.
Sportradar detailed its Kalshi and Polymarket partnerships but warned that US regulatory ambiguity and slower contract closures would defer material revenue.
Flutter CEO Peter Jackson will step down after nine years, leaving FanDuel's prediction markets effort trailing rivals as sportsbooks feel competitive strain.
Genius Sports announced official data partnerships with both Polymarket and Kalshi in the same week, marking its first entry into prediction markets.
FTSE 100-listed trading platform IG Group agreed to acquire daily fantasy and predictions operator Underdog in a deal worth up to $1.3bn.
DraftKings launched a market-making division and its own prediction market exchange, DKeX, though questions remain over how it will generate fee income.
Wealthsimple launched Kalshi-powered prediction trading in Canada on 18 June, while a Polymarket trader was reported to have lost millions on World Cup markets.
Betr acquired CFTC- and NFA-registered introducing broker Ascent Capital, becoming a registered introducing broker itself to fast-track a 2026 launch.
LaLiga North America signed an exclusive multi-year deal with Polymarket covering the US and Canada, a first for a major European football league.
