Kalshi, Polymarket, FanDuel Predicts, CFTC regulatory developments
John O’Connell was recently published in Investing.com on the CFTC’s June 2026 proposal to finally give prediction markets a rulebook. For sixteen years the Commission’s power to block event contracts ran on guesswork, with no defined process or deadline, and the proposed rule replaces that with a three-step test and a real review clock...
The American Gaming Association's State of the States 2026 report put a number on something state treasurers had suspected but could not quantify. Prediction market platforms diverted more than $500 million in potential sports betting tax revenue in 2025.¹ Kalshi and the platforms that followed it into the market collected that revenue from the same...
John O'Connell was recently featured in InvestmentNews to talk about how advisors should handle client questions about prediction markets like Kalshi and Polymarket. John says that event contracts can be a legitimate investment thesis, but only when sized for their unusual risk profile: the loss is capped at the position size and resolves on...
John O'Connell authored this article for Wealth Management Magazine, discussing how Google Finance now displays prediction market data from Kalshi and Polymarket alongside traditional financial and market information—the first mainstream integration of event-based probabilities.
Discover how prediction markets are becoming a durable feature of the financial landscape and how they align with how younger investors think, trade, and absorb information in this article authored by John O'Connell for Advisor Perspectives by VettaFi.
For most of the past two decades, prediction markets were treated as academic toys. Now, regulated prediction markets are emerging as a credible new financial category. This shift deserves serious attention from the wealth management community.
John O'Connell authored this piece for WealthManagement.com, discussing how prediction markets have moved from academic curiosities to regulated financial venues - but the regulatory environment that governs them is still evolving.
John O’Connell authored this article in Wealth Solutions Report, sharing how Kalshi has brought prediction markets into regulated finance by becoming the first U.S. Designated Contract Market for event contracts and warning wealth management firms that even if they never offer event contracts directly, they must understand these products.
In our latest Peaks Perspective article, we delve into the rise of prediction markets and event contracts in the wealth management industry and give a clear engagement strategy framework for advisors beginning to see signs of prediction market activity in their client base.
John O'Connell was published in Advisorpedia discussing how FanDuel has become a household name in sports wagering, but its newest move reaches well beyond sports. FanDuel, in partnership with CME Group, is preparing to launch a regulated prediction-markets platform that will allow users to trade event-based financial contracts.
