Sports


Markets

DraftKings enters prediction markets with CFTC-approved app for real-world events

The sports-betting giant enters the growing world of event contracts with CFTC-registered DraftKings Predictions in 38 states.

(Cheng Xin/Getty Images)

Web3

Real-World Asset DeFi Moves Into Sports Finance With Tokenized Football Club Revenues

A new DeFi model is providing football clubs with faster access to liquidity by converting future media and broadcasting revenues into tokenized, onchain assets.

(Damon Nofar/Pixabay)

Finance

From Wall Street to the World Cup: How Football Became Crypto’s Biggest Gateway Drug

As institutions are laying the groundwork for wider crypto adoption from the top down, it’s being met by rising interest from football fans from the ground up.

Soccer ball (Unsplash/Peter Glaser/Modified by CoinDesk)

Policy

Prediction Market Kalshi Sues New York Regulator Over Sports Contracts Ban

Kalshi argues that the CFTC has exclusive jurisdiction over derivatives on federally regulated exchanges, and state interference would fragment the system.

Lady liberty (Tingey Injury Law Firm/Unsplash/Modified by CoinDesk)

Finance

Tether Plans to Propose Candidates for Soccer Club Juventus Board Seat: Reuters

The stablecoin giant will submit its list at the club's annual shareholder meeting in November

Tether CEO Paolo Ardoino at White House

Finance

NFL Opener Draws $600K on Polymarket as Platform Targets $107B Sports Betting Industry

With U.S. regulatory approval in hand, the crypto prediction market is moving beyond politics to challenge the far larger opportunity in sports betting.

Polymarket takes $600K in bets on NFL season Opener (Andrej Lisakov/Unsplash +)

News Analysis

Polymarket Trader Loses Millions on Tyson After Making Bank on Trump

Plus: the market is not confident if Matt Gaetz will be confirmed as Trump's attorney general.

ARLINGTON, TEXAS - NOVEMBER 15: Jake Paul throws a left on Mike Tyson during a heavyweight bout at AT&T Stadium on November 15, 2024 in Arlington, Texas. (Photo by Christian Petersen/Getty Images)

Finance

From Real Estate and Stocks: Former Premier League Player's New-Found Love of Bitcoin

Soccer player George Boyd made over 100 Premier League appearances and has now joined crypto ETF issuer Jacobi Asset Management as an ambassador.

George Boyd playing for Burnley in 2016.  (Catherine Ivill/AMA/Getty Images)

Finance

Fan Tokens Have Much Larger Market Than NFTs, Says Chiliz CEO as Blockchain Prepares New Memecoin 'Pepper'

Chiliz CEO Alexandre Dreyfus called out the disproportionate hype around NFTs in comparison to fan tokens in an interview with CoinDesk.

16:9 Chiliz CEO Alexandre Dreyfus in Singapore during Token2049 (Courtesy: Amitoj Singh/CoinDesk)

Opinion

How DAO Crowdfunding Could Revolutionize Sports

Crowdsourced strategies can introduce a diversity of perspectives, leading to more innovative and adaptable game plans, writes a high school senior and sports fanatic.

ATLANTA, GA - SEPTEMBER 30: A fan celebrates after catching a foul ball in the fourth inning during game two of a double header between the Atlanta Braves and the New York Mets at Truist Park on September 30, 2024 in Atlanta, Georgia. (Photo by Matthew Grimes Jr./Atlanta Braves/Getty Images)