By The Weekly Edge desk ·
Prediction markets generated $78.2bn in notional trading volume during September, reported by Online Poker Report. A recovery in sports trading helped push the monthly total above the previous record of $56.4bn recorded in July.
Sports trading helped prediction market operators exceed their previous monthly volume record.
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The partnerships give the tribes customer-facing apps while Kalshi operates the underlying exchange and settles transactions.
Four additional tribal agreements give tribes app ownership and customer management while Kalshi supplies exchange services.
Recipients face possible administrative, civil or criminal proceedings if they disregard the commission’s demands, PlayUSA reported.
Sports and combo markets generated 86% of Sunday volume, highlighting their importance to prediction market operators.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
The reported public view and opposition to several types of betting inform the debate over prediction market oversight.