Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily.

Prediction markets like Polymarket—best known for bets on current events like elections, market trends, or celebrity news —haven’t been fully legalized the way sports-betting apps have, with the blessing of the nation’s highest court. But thanks to political connections, and a regulatory system gutted and captured by private interests , they’ve been allowed to operate more freely than ever before. And they’re using that to expand their gambling ambitions into the sporting world, to the ire of Native American reservations that rely on sportsbook revenue, as well as the established companies (DraftKings, FanDuel, Caesars Sportsbook, etc.) still earning thei

See Full Page