BETBY launched its BETBY Predictions platform on 1 April 2026 and plans to offer it across its partner network. The company said it excludes highly sensitive or controversial topics, although the source text cuts off before specifying further safeguards.
The platform's market restrictions shape which event contracts BETBY's partners can offer.
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BetMGM responsible gambling director Richard Taylor urged industry stakeholders at SBC Summit Canada to pursue enforcement against prediction-market platforms, saying regulated gambling operators do not compete under equal rules. He contrasted state-regulated betting operators with platforms such as Polymarket and Kalshi, which the source says are regulated federally by the CFTC; other speakers also raised concerns about young people’s exposure to such platforms.
Kalshi ranked fourth among US sportsbooks by adjusted handle per adult in March, according to estimates from Eilers & Krejcik Gaming (EKG). EKG’s model differs from conventional sportsbook handle measures and includes volume through partners such as Robinhood Markets and Coinbase Global. The firm estimated prediction markets generated about $2bn in US monthly handle in March 2026.
Kalshi spent more than $1m on lobbying last year as casinos and prediction-market groups contested the legality of sports event contracts, the report says. It also paid Miller Strategies $430,000 and the Lincoln Policy Group $180,000; the report says casino and gambling-backed groups spent almost $50m on lobbying over the same period.
Underdog has acquired Aristotle Exchange, which operates the PredictIt platform and holds CFTC registrations as a designated contract market and derivatives clearing organisation. The acquisition would let Underdog offer event contracts through its own platform rather than relying on partnerships, and the company said its exchange would include sports contracts.
The American Gaming Association appointed former New Jersey governor Chris Christie to an advisory role opposing prediction markets, according to the report. Christie has publicly argued that sports event contracts offered by prediction-market platforms are illegal, while those platforms say they are regulated by the Commodity Futures Trading Commission rather than state laws.