Hong Kong authorities have put plans for regulated basketball betting on hold, citing concerns that prediction markets could draw users to unregulated platforms and support illegal wagering. Officials said current conditions were unsuitable and that the government would study the issue further.
The pause delays a regulated betting market while authorities assess risks linked to prediction markets.
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Betr said it has launched prediction markets through an integration with Polymarket as it rolls out its Betr 2.0 platform in the United States. The sports-focused markets are being introduced in phases to eligible users in select states, with other real-world event markets expected later. The company said the launch took place on 8 September.
It was reported that DATA.BET recorded higher esports GGR and turnover in Q1. In an iGB L!VE interview, the supplier also discussed rolling out prediction market products.
ARB Interactive announced a new Modo app on 2 November, combining sweepstakes and arcade games, digital collectibles and prediction markets. Its Predict feature is described as forthcoming and would offer real-money predictions on events and sports; ARB did not announce a prediction-market partner.
ARB Interactive announced a new Modo app on 2 November that combines sweepstakes casino and arcade games, digital collectibles and prediction market trading. The app, called the Super Gaming App, brings the company's business categories into one download.
It was reported that Trump Media and Crypto.com ended their planned Truth Social prediction-market integration. Trump Media also cancelled an agreement to buy billions of dollars in Cronos tokens.
Smarkets is preparing to enter the US prediction-markets sector and is awaiting approval from the Commodity Futures Trading Commission, reportedly. The company hopes to receive approval before the end of the year and expects sports to drive long-term growth.