By The Weekly Edge desk ·
NEXT.io reported that H2 Gambling Capital estimated prediction markets represented about 27% of legal US World Cup sports betting activity. The estimate compares event-contract trading with sportsbook activity.
The estimate quantifies prediction markets’ share of regulated World Cup betting activity.
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Polymarket’s request for help against New York and Kalshi’s potential tribal agreement concern prediction market operators.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
The ruling puts businesses hosting skill-game machines at risk of losing the revenue those devices generate.