In brief
- The NHL has signed multi-year licensing deals with prediction market startups Kalshi and Polymarket.
- Weekly prediction market volume surpassed $2 billion for the first time, with sports betting driving $414.7 million in volume last week.
- Major funding rounds have propelled valuations, with Kalshi recently raising $300 million and Polymarket securing $2 billion.
The National Hockey League has inked multi-year licensing agreements with prediction market startups Kalshi and Polymarket, marking the first time a major U.S. professional sports league has authorized these platforms to use its trademarks.
Prediction platforms will now compete with established sportsbook giants like DraftKings and FanDuel in the lucrative sports betting market. The Wall Street Journal first reported the deals ahead of the official
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Author: Vismaya V
