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However, many prediction markets don’t serve either of those purposes. The prediction market sites don’t need to obtain licenses from gambling commissions in each state. However, you’ll also find loads of crypto markets on high-profile apps like Kalshi. They’re always popular, but you’ll find lots of other markets too. This has made sports one of the most legally contentious prediction market categories, but it’s also very popular among traders.
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However, it’s always worth shopping around for the best odds, as sportsbooks sometimes offer you larger potential profits than prediction markets. If you don’t sell your postion, you’ll win $1,112 if the Patriots win the Super Bowl. For that reason, it’s important to choose a prediction site with strong liquidity – lots of active traders.
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