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Associated Press
07-04-2025
- Business
- Associated Press
GALACTIC TO LAUNCH SI PREDICT, A FIRST-OF-ITS-KIND PREDICTION PLATFORM UNDER LICENSE FROM SPORTS ILLUSTRATED
The new platform turns fan predictions into interactive experiences. Galactic, a leading media predictions module and Sports Illustrated, the preeminent brand that celebrates sport and culture, have partnered to launch SI Predict, a new prediction platform that deepens fan engagement by allowing them to interact directly with lifestyle moments adjacent to live sports events. SI Predict will offer both die-hard fans and casual spectators a dynamic and interactive experience where users can engage with real-time predictions, trade on the outcomes of trends and themes around major global sporting events, and gain deeper insights into public sentiment in a seamless, user-optimized experience. This endeavor marks a significant evolution in sports, transforming fandom into active participation. 'Sports Illustrated has always been about engaging fans in the stories that shape the world of sports,' says Dan Dienst, Executive Vice Chairman, Authentic Brands Group, and Chairman, Sports Illustrated. 'With SI Predict, we're excited to watch Galactic roll out its platform to fans and enthusiasts and enable them to express their insights beyond the sofa or neighborhood tavern and engage passionately with a more global audience on the content adjacent to the sport moments they love.' Targeted to officially launch in Q2 2025, SI Predict will create a frictionless, intuitive, and easy-to-navigate experience for its users. Galactic, through SI Predict, will focus on fostering conversation, debate, and engagement on a wide range of socially relevant and fun propositions, allowing users to showcase their expertise without the complexities of gambling nor a focus on outcomes or traditional game-specific propositions found at sportsbooks. Stuart Stott, CEO of Galactic, comments, 'Sports viewership is no longer a one-way conversation. Fans want to be involved, and they want their opinions to have weight. SI Predict revolutionizes sports engagement, transforming it from passive viewership to an active, influential forum.' Built within a secure, regulatory-compliant framework, Galactic provides a trusted space for fans to participate in real-time predictions. While underlying blockchain technology ensures fairness and accuracy, the experience remains simple and intuitive, requiring no crypto or blockchain knowledge – ensuring that every sports fan can take part. Galactic's prediction markets, including SI Predict, derive their security from the Truth Network, an appchain on Polkadot parachain Aventus Network, leveraging the security, scalability, and interoperability of the wider Polkadot ecosystem. Fans interested in early access and news can sign up at For more information, visit or follow @galacticmarkets on X. For media inquiries, please contact: Ellie Hyman, [email protected] About Galactic Galactic is the media engagement engine empowering brands to capitalize on their audience's opinions and reward their expertise through integrated prediction markets. Its seamless predictions portal empowers media enterprises to incentivize deeper engagement, monetize their readership by giving audiences their say, and rewarding their accuracy. About Aventus Aventus is an enterprise blockchain solution provider dedicated to delivering secure, scalable, and user-friendly blockchain technology. With a focus on operational excellence and a commitment to adding value, Aventus empowers businesses to leverage blockchain for long-term growth and value creation. Founded in 2020, Aventus offers production-ready, end-to-end Blockchain-as-a-Service software that is modular, scalable, and interoperable, enabling clients to respond to rapidly evolving market opportunities. About Polkadot Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world's most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they're co-creators with the power to shape its future.
Axios
26-03-2025
- Business
- Axios
Why sports prediction markets are booming
A growing number of companies are dipping their toes in sports prediction markets amid a national regulatory vacuum on sports betting. Why it matters: Sports gambling is traditionally regulated on a state-by-state basis, but prediction markets are offering betting opportunities that transcend state lines. Driving the news: U.K.-based media predictions firm Galactic announced a partnership Wednesday with the Sports Illustrated brand to launch SI Predict. It's "a new prediction platform that deepens fan engagement by allowing them to interact directly with lifestyle moments adjacent to live sports events," according to Galactic. Users will be able to trade contracts on "the outcomes of trends and themes around major global sporting events" but not on the outcomes of the games themselves. The big picture: It's the latest in a series of prediction market offerings that are veering into sports. Kalshi, which is regulated by the Commodities Futures Trading Commission (CFTC), has opened up sports event trading contracts in all 50 states. Trading app Robinhood has introduced Kalshi prediction markets on its platform. Polymarket (which is legally unavailable for U.S. users) and are also offering sports prediction markets. Friction point: The announcements have come while state and U.S. regulators are still sorting out their stance on the whole thing. While the CFTC will host a roundtable in late April to discuss its approach sports event contracts, at least two states — Nevada and Massachusetts —have reportedly contested, or are probing, specific offerings. Reality check: Few observers expect the Trump administration or Congressional Republicans to lower the hammer despite a degree of bipartisan consternation in Washington over the negative societal effects of sports gambling. CFTC acting chair Caroline Pham sent positive signals in February when she assailed the agency's "past hostility to innovation" in this area and called prediction markets "an important new frontier ... to assess sentiment to determine probabilities that can bring truth to the Information Age." What they're saying:"It's very unlikely you're going to get somebody at the federal level saying you can't do this," Dustin Gouker of Closing Line Consulting tells Axios. "That seems like an unlikely outcome. So then you're betting on whether states are going to play whack-a-mole with your product." By the numbers: Users are so far embracing the offerings. Kalshi's sports betting prediction market has generated $249 million in contracts through the first two rounds of the NCAA Basketball Tournament. That's 8% of the estimated $3.1 billion in legal wagering for this year's men's and women's NCAA Tournaments, Bettors Insider noted. What we're watching: Whether the established giants in sports betting — namely DraftKings and FanDuel — delve into prediction markets. DraftKings CEO Jason Robins said earlier this month that the company views prediction markets as a potential opportunity: "We're watching it carefully," he said of the CFTC review, "because if there is an opportunity that presents itself, we want to make sure we're prepared for it."
Bloomberg
26-03-2025
- Business
- Bloomberg
Sports Illustrated to Roll Out Athletics-Linked Wagers Market
The Sports Illustrated brand is teaming up with UK-based media firm Galactic to launch a predictions market allowing users to bet on anything linked to athletic events — except the outcome of games. The platform, which will be known as SI Predict, joins a growing field of quasi-betting exchanges, including Polymarket and Kalshi, which offer products based on derivatives contracts. SI Predict will be available globally and feature bets on things such as football-game attendance or what song a halftime musician will perform, but not who will win a specific game.
