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Novig wins CFTC approval as competition intensifies in sports prediction markets
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- Sports prediction markets are having a gold-rush moment.
- A wave of companies is trying to stake a claim, hoping to follow suit and strike it rich in what JB Mackenzie, Robinhood's head of prediction markets, described to CNBC as a "supercycle."
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Sports prediction markets are having a gold-rush moment. Enthusiasm around the World Cup and NBA finals led Kalshi to set a new daily record Saturday for trading volume at $1.2 billion.
A wave of companies is trying to stake a claim, hoping to follow suit and strike it rich in what JB Mackenzie, Robinhood's head of prediction markets, described to CNBC as a "supercycle."
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