California Prediction Markets: Kalshi, Polymarket Ranked

Despite California voters rejecting sports betting measures, federally regulated prediction markets like Kalshi and Polymarket are thriving. These platforms, overseen by the Commodity Futures Trading Commission, allow traders to speculate on sports, politics, and current events without a state gaming license. With heavy activity surrounding Bay Area tech and Hollywood, California is a top market for prediction trading, though legal challenges from tribes and new state laws add uncertainty to the future. sport-newz.biz