Gambling addiction is on the rise in the Philippines. There are 32 million Filipino electronic gaming players as of July 2025, almost a fourfold jump from 8.2 million at the end of 2024. Online gambling is legal for citizens who are at least 21 years old and offline gambling activities are also allowed.
The Commodity Futures Trading Commission (CTFC) is seeking public comment on the definition of gambling. Jeff Probst called out Kalshi and Polymarket for âspoilingâ the winner of Survivor 50 and accused an editor on MrBeastâs team of insider trading.
Maria Volkova is concerned about prediction markets. She saw an ad for one of them on 42nd Street in New York City yesterday. She is against gambling and she doesn't like to risk her money. The Commodities Futures Trading Commission is looking into whether prediction markets work in the public interest.
The CFTC has proposed new rules for prediction markets. The draft rules are open for public comment for 45 days. It clarifies that sports event contracts are generally not contrary to the public interest even though federal law classifies them as âgamingâ The proposed rules come as prediction markets continue to gain momentum, with Kalshi and Polymarket reaching multibillion-dollar valuations.
The 2026 FIFA World Cup is projected to generate up to $10 billion in consumer sports betting and prediction market trading volume. Robinhood and Coinbase are using the tournament to accelerate their prediction markets businesses. DraftKings announced this week that May annualized consumer volume rose 24% month-over-month to $1.3 billion.
FanDuel Predicts, Kalshi, Polymarket and Novig are leading prediction market platforms. Polymarket just got the green light to resume operations in the U.S. after a four-year ban. A prediction market is a platform where people trade contracts based on the outcome of future events, like a presidential election or the Oscars.
Vincent Gouttebarge played professional football in France and the Netherlands before retiring in 2007. He is now the medical director at the International Federation of Professional Footballers (FIFPRO) and the chair of the International Olympic Committeeâs Mental Health Working Group. The 2026 men's football World Cup starts in the United States, Canada and Mexico. The match calendar puts a lot of stress on professional footballers.
SportsPredict is podcasting per the launch of the World Cup-tracking Probability Cup. They discuss the Knicks-Spurs NBA Finals, NBA referee incentives, league interests, and the possibility of series-extension bias. They also discuss using prediction contests to identify analytical talent.
The 2026 FIFA World Cup is expected to generate billions of dollars for prediction markets. The tournament will transform the slowest months for online sports betting into a major driver of betting and prediction market volumes. The report predicts $586 million in prediction market revenue for 2026.