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DAZN and ADI Predictstreet announce global sports prediction markets partnership

Deals & M&A

DAZN and ADI Predictstreet announced a global partnership to develop regulated prediction market products for sports audiences, according to the companies. They intend to offer the products in markets where authorised, including the United States subject to required regulatory approvals and licences. ADI Chain is to supply digital settlement and stablecoin infrastructure, with a branded DAZN stablecoin described as a possible future development.

The partnership’s market rollout is conditional on local authorisation, including in the United States.

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Deals & M&A

Robinhood sees non-sports prediction market growth

Robinhood Markets is recording growth in non-sports prediction markets, with price volatility contracts on Bitcoin, crude oil and gold among its fastest-growing products, an executive said at the Next Predict Summit. The company said event-contract traders often move into equities, crypto, futures and options.

At the NEXTPredict Summit in New York City, held the day before the report, Robinhood's JB Mackenzie described how price volatility contracts tied to Bitcoin, crude oil and gold have become the fastest-growing offerings on the platform. He holds the roles of vice president and general manager for futures and prediction markets at the company, which trades under the ticker NASDAQ: HOOD.

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