Prediction Markets Go Mainstream in 2025: DraftKings Launches Predictions App, Coinbase Sues States, and Polymarket’s POLY Token Buzz Builds
DraftKings launched DraftKings Predictions, a CFTC-regulated app for trading event contracts, now live in 38 states with some restrictions. Coinbase filed lawsuits against Connecticut, Illinois, and Michigan, arguing that prediction markets should be regulated federally, not by state gambling authorities. Polymarket also reported renewed growth.