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New York Attorney General Letitia James cautions consumers against using unregulated prediction markets ahead of Super Bowl 60. She highlights the lack of consumer protections on these platforms, while companies like Kalshi assert they are regulated by the CFTC. Concerns include insider trading and the overall integrity of these betting markets.
Crypto.com is introducing a new platform called OG for prediction markets, just ahead of the Super Bowl. The move follows a significant increase in its event contracts business, which saw a 40-fold growth over the last six months. CEO Kris Marszalek believes a dedicated product is necessary to meet rising demand.