Slips announced the launch of AI-generated prediction markets covering topics including sports, politics and pop culture. The company said its system will identify emerging events and create markets, with plans to add futures and commodities.
The launch expands Slips’ wagering offer beyond sports into additional topic areas.
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Novig reported $128m in trading volume during its first week offering prediction markets. The startup claimed this was almost 20 times Kalshi’s volume when it introduced sports event contracts in early 2025.
Novig reported that its federally regulated prediction market exceeded USD125m in notional trading volume in its first week. The sports-focused exchange also faces regulatory disputes in five states.
FanDuel and DraftKings launched prediction-market platforms in the US in December 2025, according to reports. DraftKings Predictions began on 19 December and offers sports event contracts in 38 states; FanDuel Predicts launched on 22 December in a five-state pilot with CME Group. Coinbase filed lawsuits against Connecticut, Michigan and Illinois on 19 December, seeking to establish federal CFTC jurisdiction over prediction markets.
A New York federal judge denied Novig’s request to block state gambling enforcement, ruling on 10 November that its sports event contracts are not swaps under federal law. Separately, the CFTC has privately warned Kalshi of possible enforcement over contract filings, while the company said the issue concerned submissions for a handful of contracts and that it was addressing it.
Novig failed to secure a preliminary injunction against New York gambling enforcement, as U.S. District Judge Colleen McMahon denied its request. Separately, Kalshi has received a private warning from the CFTC about potential imminent charges relating to notification of new contracts, according to reports from Politico and Reuters.
A US federal judge denied Novig’s request for a preliminary injunction against New York’s attorney general and gaming regulators, ruling that its sports event contracts are sports betting rather than protected financial swaps. The decision leaves New York able to pursue enforcement, which could require Novig to obtain a state gambling licence or stop operating there; it does not itself order the company to close.
US District Judge Colleen McMahon denied Novig’s request for a preliminary injunction against New York Attorney General Letitia James and state gaming regulators. She found that Novig’s sports contracts were bets, not financial derivatives protected by federal law.