Are Prediction Markets Poised to Take Over Sports Betting?

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Prediction markets like Kalshi, Crypto.com, Polymarket, and Robinhood claim they facilitate derivative trades. With licenses from the US Commodity Futures Trading Commission (CFTC), the online websites and apps say state gaming laws don’t apply. You will find lots of new games when it comes to the former, with Summer Scratch, Guns N Roses and Bass Boss among the latest titles to drop. You will notices that these slot games come from a wide range of providers.

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Operators limit access in New York and Michigan due to state restrictions. While some states have implemented stricter limitations or bans, most states remain open to social online bettings because of the absence of specific regulations. Always check your state laws and the casino site’s terms and conditions. Will sports prediction markets be banned in any US state in 2025? State regulators, attorneys general, and lawmakers continue to seek ways to force the end of sports prediction markets in their jurisdictions. But with federal law preemption, bettors on Polymarket aren’t overly worried.

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