Circa Sports owner criticises prediction markets over fees and safeguards
Regulation · SectorWire deskSource published
Summary
Derek Stevens, owner of Circa Sports, criticised prediction market operators including Kalshi and Polymarket, saying they hold an unfair advantage over licensed sportsbooks. He argued that businesses competing for the same customers should face comparable regulation. Stevens also raised differences in consumer safeguards, including age minimums and responsible gambling protections.
Why it matters
The dispute over fees and safeguards shapes how US sportsbooks compete with prediction markets and how states assert regulatory authority.
Cite as: SectorWire, “Circa Sports owner criticises prediction markets over fees and safeguards”, 13 August 2026, https://sectorwire.news/item/circa-sports-owner-criticises-prediction-markets-over-fees-and-safegua/