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Bloomberg Law: NFL boom drives record $22.2B weekly prediction-market volume, testing sports betting rules
- Bloomberg Law: NFL boom drives record $22.2B weekly prediction-market volume, testing sports betting rules — NFL and NCAA games drove consecutive daily trading records at Kalshi and Polymarket, with combined weekly volume hitting a record $22.2 billion, according to Dune Analytics data cited by Bloomberg Law. The mainstream surge puts prediction markets on a collision course with traditional sportsbooks as regulators and courts weigh whether sports event contracts are gambling or federally regulated derivatives. (Bloomberg Law)
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