Sports betting and prediction markets, right inside your @BitcoinCom Wallet, with every bet settled in $ZANO or $fUSD. @ZanoX_io lets you bet on 8+ different sports and predict real-world events directly from your @BitcoinCom wallet. Because every bet runs on Zano's privacy-by-default blockchain, your wagers stay completely private on-chain. 🔒

I see a lot of prediction market apps defaulting to sports markets to compensate for activity. @Trueo_ we deliberately avoid sports. It’s a saturated market and there’s little room for differentiation. I have nothing against sports betting, but it’s just not our thing.

Put a BOGO free coupon on the table and people ignore it. Make them win it and they redeem it before it expires in an hour. @LucraSports CEO Dylan Robbins joins FYI to explain how gamified rewards use the immediate gratification of sports betting, without the barriers to entry.

Prediction Markets Are Becoming Institutional Hedges⁣ ⁣ @HadickM, Partner @dragonfly_xyz, on Tokenized with @sytaylor said: ⁣ ⁣ “The possibilities are endless on the institutional side.”⁣ ⁣ One trade worth hundreds of millions hedged inventory risk for a football team using a World Cup outcome. This may look like sports betting but it is a real economic activity. ⁣ ⁣ 🎙️ Listen to the latest episode on Tokenizedpod(dot)com⁣ ⁣

Robinhood World Cup volumes grew from 0 to 2.5% of Prediction Market Volume Marketshare Rothera Prediction Market Volumes went from $0m to $47.4m in daily volume in < 30 days. Robinhood routes still majority of PM volume to @Kalshi (est. 20-30% of Kalshi volume) but Rothera is starting to take more and more share with sports betting markets. $HOOD

"The commodity markets are not for entertainment." Former CFTC Commissioner and SEC General Counsel Dan Berkovitz joins @RebeccaRettig1 and @renato_mariotti on this week's The Policy Protocol to break down the ‘economic purpose’ test for prediction markets and the CME–CFTC fight over perps. Plus, Jamie McDonald makes person of the week. Timecodes: 00:00 The Role of CFTC 00:25 Welcome to The Policy Protocol 00:44 The Record SpaceX IPO and Retail Demand 01:41 Synthetic SpaceX Perps on Hyperliquid 03:40 Terry Duffy Exits CME and Sues the CFTC 06:07 Dan Berkovitz Joins the Show 06:44 Can the SEC and CFTC Harmonize? 08:29 Are Perpetuals Swaps or Futures? 09:11 Prediction Markets and the 'Economic Purpose' Test 11:07 The ErisX Sports Betting Precedent 13:07 The Hurricane Hedging Counterargument 15:02 Why Crypto Couldn't 'Come In and Register' Before 17:28 Gary Gensler Is Back 20:27 Person of the Week: Jamie McDonald