New York —
FanDuel has built a large and growing business with its sports betting app, becoming the largest online sportsbook in the United States. But online sports gambling remains illegal in many states, which is why it’s getting into the booming — and controversial — prediction market business.
Billions of dollars are exchanged weekly on prediction market platforms such as Kalshi and Polymarket. Bets range from which team will win the World Cup and which candidate will be the 2028 Democratic presidential nominee to the temperature in New York tomorrow or how many times Elon Musk will