Virtu enters prediction markets as Wall Street activity grows
The move comes as Kalshi and CME expand event-contract trading while US regulators continue to contest the boundary between derivatives and sports betting.
The move comes as Kalshi and CME expand event-contract trading while US regulators continue to contest the boundary between derivatives and sports betting.
Senate File 4760, approved by the Senate with a 57-9 vote and the House of Representatives 100-32, includes language from SF 4511 to prohibit prediction market operations.
The operator had previously announced a new multi-year partnership with FC Lazio on April 20, representing the first Serie A football club to form a collaboration with Polymarket.
Diaz will make his return to mixed martial arts (MMA) against Mike Perry as part of the Ronda Rousey vs. Gina Carano fight card, taking place at the Intuit Dome in Los Angeles.
Jain joins from Patomak, where he served as Head of the New York office for more than four years.
The operator also reported an adjusted EBITDA loss of $1.3m for Q1 2026, representing a 56.9% decrease from the loss witnessed during the prior year period.
Elastics has raised more than $2m to build an AI-powered trading platform for prediction markets, combining conversational interfaces with automated research, trading and portfolio management.
With leagues such as the MLB, NHL, UFC and MLS having already formed partnerships with prediction market operators, the NBA and NFL could be next in line.
The prediction market operator and the New York City venue will form a multi-year partnership.
The Association's Gaming Industry Outlook found ‘emerging risks’ such as prediction market platforms offering sports event contracts are ‘increasingly shaping industry concerns.’