With prediction markets fueling a $10 billion sports betting industry, the wagers can get … interesting.
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Prediction markets may prove to be an even more lucrative opportunity than sports betting as Americans’ interest in wagers grows.
Can Kalshi and Polymarket become the massive, all-purpose financial vehicles envisioned by backers or will they be disrupted by regulators?
Connecticut claims Kalshi, Robinhood and Crypto.com don’t have the proper licenses to handle sports wagers in the state.
While older investors might not be as tuned into prediction markets, some in the wealth industry fear they’re a growing threat to next-generation clients.