# Sports Betting Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Sports Betting", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Was the Prediction Market the Biggest Winner of This Year's Super Bowl?

This year's Super Bowl marked a potential turning point, with prediction markets emerging as a serious competitor to traditional sports betting. Platforms Kalshi and Polymarket offered markets on the game, halftime show, and ads. While the American Gaming Association projected a record $1.76 billion in traditional sports bets, an analyst estimated prediction markets could capture 80% of the year-over-year growth, with a forecast of $630 million in volume for the event. However, available data suggests prediction markets fell short of this forecast. Kalshi's top Super Bowl-specific markets saw a combined volume of approximately $233 million. Its season-long "Who will win the Super Bowl" contract accumulated over $500 million in volume, but this was spread over the entire NFL season. Kalshi's significant growth is aided by its CFTC regulatory status, allowing a US mobile app, leading to 1.9 million downloads in January alone. Polymarket, lacking direct US app access for most users, saw about $76 million in volume across its top three Super Bowl markets. Its strength was demonstrated in information discovery, as its market accurately predicted Lady Gaga's surprise halftime show appearance days in advance. The activity occurs amidst an unresolved regulatory conflict, with Kalshi operating under federal CFTC oversight while state gaming regulators challenge it in court. Although prediction markets did not meet the $630 million hype for the Super Bowl weekend, their rapid user growth and informational advantages present a clear and growing threat to established sportsbooks.

比推02/10 01:02

Was the Prediction Market the Biggest Winner of This Year's Super Bowl?

比推02/10 01:02

Qzino: Redefining Crypto Gambling Through Profit-Sharing

Qzino is a next-generation crypto casino and gaming platform that redefines the traditional iGaming model by introducing a profit-sharing ecosystem. Unlike conventional casinos, Qzino redistributes 30% of its Net Gaming Revenue (NGR) daily to holders of its native QZI token, enabling passive earnings even without active betting. Additionally, 3% of the staking pool is distributed daily to token holders. The platform offers over 10,000 games, including slots, live casino options, and sports betting, alongside a competitive VIP program with up to 40% cashback and 15% rakeback. Built-in mining from launch allows users to earn tokens immediately. Emphasizing transparency, security, and trust through blockchain technology, Qzino also features a lifetime revenue-sharing affiliate program. It positions itself as a sustainable iGaming ecosystem where users benefit directly from platform growth.

TheNewsCrypto02/05 12:34

Qzino: Redefining Crypto Gambling Through Profit-Sharing

TheNewsCrypto02/05 12:34

CFTC Withdraws Proposed Ban on Sports and Political Prediction Markets

The U.S. Commodity Futures Trading Commission (CFTC) has withdrawn its 2024 proposal to ban sports and political prediction markets. CFTC Chairman Michael S. Selig stated the agency will not proceed with final rules on the matter and will instead initiate new rulemaking based on a revised interpretation of the Commodity Exchange Act. The withdrawn proposal had sought to prohibit event contracts related to topics such as war, terrorism, and other outcomes deemed against public interest. The CFTC also repealed a 2025 staff advisory that had caused confusion. The new rulemaking aims to provide clearer guidelines, reduce regulatory uncertainty, and support innovation while reassessing the CFTC’s role in ongoing litigation regarding event contract jurisdiction. This shift signals a potential alignment of federal regulation with market practices amid ongoing tensions with state governments that often treat such contracts as unlicensed gambling.

TheNewsCrypto02/05 07:09

CFTC Withdraws Proposed Ban on Sports and Political Prediction Markets

TheNewsCrypto02/05 07:09

Nevada Regulators Move to Halt Coinbase Prediction Markets

Nevada gaming regulators have filed a civil complaint against Coinbase Financial Markets to halt its prediction market offerings, alleging they constitute unlicensed gambling activities. The state argues that event-based contracts related to sports and elections fall under Nevada's gaming laws, not federal derivatives oversight. Regulators also cite concerns over allowing users as young as 18 to trade, below the state's legal gambling age of 21. The action is part of a broader clash between Coinbase and multiple states, as the exchange maintains that prediction markets are solely under CFTC authority. Nevada officials assert their enforcement is necessary to protect consumers and uphold industry integrity.

TheNewsCrypto02/04 11:02

Nevada Regulators Move to Halt Coinbase Prediction Markets

TheNewsCrypto02/04 11:02

Prediction Market Leaders Are Frantically Competing for Top-Tier Sports IPs

Prediction market platforms are aggressively securing exclusive partnerships with major sports leagues, as seen in Polymarket's recent multi-year deal with Major League Soccer (MLS). This follows similar agreements with the NHL and UFC. While these "official exclusive prediction market" designations don’t legally prevent other platforms from offering markets on these leagues (due to the current ambiguous regulatory landscape for prediction markets compared to sports betting), they provide significant advantages. The core benefits include access to official, high-quality data for more accurate odds and faster settlements, brand authorization for marketing, and collaborative integrity monitoring to prevent market manipulation. With sports-related markets dominating trading volume on leading platforms like Kalshi (over 90%) and Polymarket (43%), competition for these lucrative partnerships is intensifying. This trend mirrors the established sports betting industry, where data and brand deals are crucial for service quality. While the top players battle for mainstream sports, data suggests emerging platforms may find opportunity in niche markets, such as crypto-native events, to differentiate themselves.

Odaily星球日报01/28 01:25

Prediction Market Leaders Are Frantically Competing for Top-Tier Sports IPs

Odaily星球日报01/28 01:25

As Prediction Markets Enter the 'High Trading Volume Era': The Structural Divergence of Kalshi, Polymarket, and Opinion

The prediction market is undergoing a significant transformation, shifting from a niche information-based experiment to a mature trading ecosystem characterized by event contracts, high-frequency participation, and sustained liquidity. This analysis focuses on three leading platforms—Kalshi, Polymarket, and Opinion—each representing a distinct evolutionary path. Kalshi is driving a structural shift by integrating sports-based contracts, which offer high frequency, emotional engagement, and rapid settlement. This approach transforms prediction markets into a form of entertainment, boosting trading volume through increased capital turnover rather than just user growth. Polymarket thrives on high-volatility topics—politics, macroeconomics, and technology—that resonate with social media trends. It functions as a decentralized sentiment futures market, where trading is often driven by opinion shifts and emotional reactions rather than pure information advantage. Opinion, still in a growth phase, relies heavily on incentives and product design to attract users. Its challenge lies in transitioning from incentive-driven volume to organic user retention and sustained trading depth across multiple events. The prediction market is no longer a singular concept but is diverging into specialized infrastructures. The key questions moving forward are whether trading volume can translate into stable liquidity, whether prices remain meaningful, and whether user engagement stems from genuine demand rather than short-term incentives. The market’s future will be determined by which model best balances high-frequency participation with accurate pricing.

marsbit01/21 11:36

As Prediction Markets Enter the 'High Trading Volume Era': The Structural Divergence of Kalshi, Polymarket, and Opinion

marsbit01/21 11:36

Nibbling Away at a Hundred-Billion-Dollar Gambling Cake, Prediction Markets Face Bans from Multiple States

Prediction markets are facing regulatory crackdowns in multiple U.S. states, with Tennessee’s Sports Wagering Council (SWC) recently issuing cease-and-desist orders to platforms including Kalshi, Polymarket, and Crypto.com. These platforms, though registered with the CFTC as designated contract markets, are accused of offering illegal sports betting products without state licensing. They must halt operations in Tennessee by January 31 or face penalties. The conflict stems from the rapid growth of both the legal U.S. sports betting market—which reached $148.7 billion in handle in 2024—and prediction markets, which saw trading volume surge to $40 billion in 2025, up 400% year-over-year. Sports-related event contracts now dominate prediction market activity. While sports betting is regulated at the state level, prediction markets subject to federal oversight argue they offer “event contracts” rather than gambling, creating a regulatory loophole. This has led to legal battles in several states, including Nevada, New Jersey, and Maryland, with mixed court rulings so far. The outcome of ongoing appeals could set a national precedent, determining whether prediction markets must comply with state gambling regulations or can operate under federal rules alone.

比推01/12 15:23

Nibbling Away at a Hundred-Billion-Dollar Gambling Cake, Prediction Markets Face Bans from Multiple States

比推01/12 15:23

Disrupting the Billion-Dollar Gambling Industry, Prediction Markets Face Crackdown from the Established Order

Pioneering prediction markets like Polymarket, Kalshi, and Crypto.com’s Truth Predict are facing regulatory pushback in the U.S., particularly from state authorities overseeing sports betting. On January 9, the Tennessee Sports Wagering Council (SWC) issued cease-and-desist orders to these platforms, accusing them of offering illegal sports gambling products without state licensing, despite being registered with the CFTC as designated contract markets. The conflict stems from the rapid growth of both sectors. Since the federal ban on sports betting was overturned in 2018, 30 states—including Tennessee—have legalized online sports betting, generating billions in wagers and significant tax revenue. In 2024 alone, U.S. sports betting handle reached $148.74 billion, with taxes contributing $2.82 billion. Tennessee collected $97.16 million in taxes from sports betting in 2024. Prediction markets, which trade “event contracts” classified as financial derivatives under CFTC jurisdiction, have surged in popularity. Their 2025 trading volume hit $40 billion, a 400% increase from 2023, with sports-related contracts being the largest category. This growth threatens traditional sportsbooks, whose stocks have underperformed the market. Multiple states—including Maryland, Ohio, and Nevada—have taken action against prediction markets. Kalshi has challenged these actions in court, arguing federal compliance should preempt state regulations, but court rulings have been mixed. The legal battles are expected to escalate, potentially reaching the Supreme Court, as states defend their regulatory authority and tax base against what they perceive as unlicensed gambling operations.

marsbit01/12 02:55

Disrupting the Billion-Dollar Gambling Industry, Prediction Markets Face Crackdown from the Established Order

marsbit01/12 02:55

Disrupting the Billion-Dollar Gambling Industry, Prediction Markets Are Being Hunted by the Old Order

Prediction markets are facing regulatory crackdowns in the United States, particularly from state-level authorities overseeing the lucrative sports betting industry. The Tennessee Sports Wagering Council (SWC) recently issued cease-and-desist orders to platforms like Kalshi, Polymarket, and Crypto.com, demanding they halt sports-related prediction contracts for state residents. The SWC alleges these platforms are offering illegal gambling services without a state license, despite being registered with the federal Commodity Futures Trading Commission (CFTC) as designated contract markets. This conflict stems from the rapid growth of both sectors. Since the federal ban on sports betting was overturned in 2018, the legal U.S. sports betting market has exploded, reaching nearly $150 billion in total bets in 2024. Tennessee, which legalized online-only sports betting, collected over $97 million in tax revenue from it in 2024. Prediction markets, which frame their offerings as "event contracts" (financial derivatives under CFTC purview) rather than gambling, have seen even more explosive growth, with trading volume surging 400% to $40 billion in 2025, with sports-related contracts being the largest category. This creates a "regulatory arbitrage," allowing prediction markets to operate without state licenses, addiction controls, or high gambling taxes, directly competing with and eroding the tax base of the traditional sports betting industry. The friction is not isolated to Tennessee; multiple other states have taken similar action. Kalshi has challenged several states in court, arguing federal regulation preempts state law, but court rulings have been mixed and the issue is expected to eventually be decided by the U.S. Supreme Court. The core of the conflict is the fundamental similarity of the services offered versus their differing regulatory classifications, setting the stage for a prolonged legal battle over this grey area.

Odaily星球日报01/12 02:50

Disrupting the Billion-Dollar Gambling Industry, Prediction Markets Are Being Hunted by the Old Order