A new market has emerged in the United States, allowing individuals to wager on the outcomes of sporting events through a prediction market. This market is operated by a sports-betting firm and a futures exchange, facilitating bets on various events. Participants can place wagers on whether a team will win, lose, or draw, with the outcome determining the payout. The practice has gained popularity among some individuals, with potential for both financial gain and risk. Regulatory oversight of this market is currently being assessed.
Credits: Finance & economics