The State of Prediction Markets, Q2 2026 [NEW REPORT]

Prediction markets traded $111 billion in Q2, more than 2024 and 2025 combined. The full report is out today, and it is free.

New York Want $36 Billion From Kalshi

News Roundup: New York sue Kalshi for $36 billion, IG Group buy Underdog for up to $2.15 billion, the CFTC sue five states, prediction markets post their biggest month ever, and parlays cost Kalshi traders $294 million. Plus, everything else in prediction markets this week.

Robinhood want more in Prediction Markets

News Roundup: Robinhood want more contracts, regulation heats up, app data shows sportsbook users are switching, FT investigation finds a $9M Polymarket account nobody will claim. Plus, everything else in prediction markets this week.

Meta Want Prediction Markets. Why?

Zuckerberg ordered a prediction market app. For Meta? It is a good engagement toy and a bad business.

Robinhood Enters the Chat

The tech giant's prediction market product is picking up momentum... with a 20x increase in contracts traded in June. And it's all thanks to the World Cup.

Why Don't Prediction Markets Pay You Sooner?

Live sports move in minutes, but settlement takes hours. How does that work for prediction markets?

A Bar in New York and a Spanish Football Club Hedge Their Future

Hedging with Prediction Markets

How Big Is Kalshi's Combo (Parlay) Market, Really?

Kalshi launched its exotic combo (parlay) product on NFL opening day, September 17, 2025. In eight months, it processed $1.42 billion in handle from 30+ million trades.

Do Parlays Pay the Bills?

Kalshi launched Combos (parlays) in September 2025. By April 2026 they were 22% of platform volume.

Everyone's a Loser

WSJ say that 67% of Polymarket profits go to just 0.1% of accounts. But what does this actually mean?

Who is the Customer?

We're in a prediction markets supercycle. And everyone wants to intergrate them. But who is the customer?

Sports Trading Platform Novig Raise $75M Series B