Prediction markets soar ahead of 2026 Super Bowl
CBSN
Sunday's Super Bowl is expected to see a record $1.76 billion wagered with sportsbooks. Emboldened by loosened restrictions from federal regulators, a newer form of betting — prediction markets — will also be looking to cash in on the night. In:
Sunday's Super Bowl is expected to see a record $1.76 billion wagered with sportsbooks. Emboldened by loosened restrictions from federal regulators, a newer form of betting — prediction markets — will also be looking to cash in on the night.
Prediction markets have emerged in recent years as a platform to place "investments" on the answers to a dizzying array of unknowns — including wagers on outcomes relating to Sunday's big game.
Two of the largest prediction markets, Kalshi and Polymarket, once were targets of federal enforcement actions under the Biden administration. But a decision last week from the Commodities Futures Trading Commission, an obscure federal agency that oversees the burgeoning field, could give them a chance at a major payout come Sunday.
In a statement last week, agency chair Michael Selig announced the commission will move away from its 2024 rule proposal which sought to prohibit political and sports-related contracts. Instead, he said the agency would draft "clear rules and a clear understanding that the [federal government] supports lawful innovation in these markets."
The decision reflects the Trump administration's push to lift restrictions on alternative forms of currency and investment. Critics have noted that the two leading prediction market companies appointed the president's son, Donald Trump Jr., to formal advisory roles on their boards of directors.
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Sunday's Super Bowl is expected to see a record $1.76 billion wagered with sportsbooks. Emboldened by loosened restrictions from federal regulators, a newer form of betting — prediction markets — will also be looking to cash in on the night. In:
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