Underdog will be fully integrated with the prediction market exchange it bought by the start of NFL season, according to a Bank of America report, including the presence of an affiliated trading arm.
Transitioning from Crypto(.)com-owned exchange.
The report also seeks to quantify the prediction market pecking order outside of Kalshi and Kalshi's broker partners. It says Underdog has a 37% market share among that group.
We're on the precipice of "if we weren't offering George Santos attend the State of the Union bets, consumers would just be pushed to dangerous offshore sites."
Scoop: The House Financial Services Committee will host a private, Republican-only roundtable on prediction markets tomorrow, per internal memo.
Guests: Kalshi’s Tarek Mansour, Polymarket’s Neal Kumar, Robinhood's JB Mackenzie and the American Gaming Association's Chris Cylke.
EA is trying to meet consumer demand while still adhering to intellectual property restrictions after a breakup with FIFA.
@dan_bernstein_ looks at thin line the game publisher is walking as it rolls out a "World Tournament" mode in FC 26.
At @Sportico: https://t.co/K4e10Io7xM
Kalshi has informed the CFTC of a "Market Void Policy" it is implementing soon.
It's for eligible members "whose open position cost exceeds their funds distributed at settlement."
"Kalshi will provide a proportionate credit to the member’s Final Position Losses."
This summer, EA is “celebrating the summer of international football" with a playable 48-team competition ... that definitely isn't the FIFA World Cup!
Some good corporate wording gymnastics 🤸
https://t.co/oXVYTvQBOZ