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Sports company Underdog has launched its own in-house federally-regulated prediction market exchange, expanding its offerings beyond fantasy sports and traditional sports wagering. The brand’s prediction market exchange is fully owned and operated by Underdog, and by securing licensing from the Commodity Futures Trading Commission (CFTC), it will allow users to legally make predictions on sports, popular culture, and more directly through the Underdog app.…
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In one of the more remarkable turnarounds in recent financial history, Polymarket — the blockchain-based prediction platform that exited the US market under regulatory pressure in 2022 — has made its way back to American users as a CFTC-regulated product. The journey back was anything but smooth. In November 2025, FBI agents raided the home of Polymarket CEO Shayne Coplan, a moment that seemed…
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Prediction markets have gone from a niche corner of financial speculation to one of the fastest-growing sectors in American gambling and finance — and the numbers are staggering. According to investment bank Bernstein, total US prediction market volumes in 2026 are on pace to hit $240 billion, a 370% increase over 2025’s $51 billion. At that growth rate, Bernstein analyst Gautam Chhugani projects the…
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Prediction markets are growing fast — but so is the legal and political fight over who has the authority to govern them. At the center of the dispute is a fundamental jurisdictional question: are prediction market contracts a form of gambling, subject to state gaming laws, or are they financial derivatives, exclusively regulated by the federal Commodity Futures Trading Commission (CFTC)? The answer has…
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