Prediction Market Boom: Paradigm Builds Terminal As CFTC Talks To Major Sports Leagues

Benzinga_recent_news04-02

Commodity Futures Trading Chairman Michael Selig said today that the agency is in active discussions with all major sports leagues about prediction market integrity, as the industry’s biggest backer ...

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because it’s critical that they’ve got the best information as to what’s manipulable in their markets and where the insider trading risks are,” Selig said.\nSelig, speaking on the Faro Radio podcast, framed the push as urgent. “I’m concerned we’ll see the same with prediction markets if we keep pushing it offshore into the unregulated space,” he said, drawing a parallel to the FTX collapse.\n       • Intercontinental Exchange shares are showing limited movement. What’s next for ICE stock?\nWhile the regulator builds the integrity framework, the money is building the trading infrastructure. Crypto venture firm Paradigm is developing a prediction market trading terminal for professional traders and market makers.\nSources told Fortune that Paradigm is also considering launching its own market-making desk and exploring prediction market indices that would bundle multiple contracts into one tradeable product.\nParadigm led Kalshi’s $1 billion funding round at an $11 billion valuation in late 2025. The company has since raised another $1 billion at a $22 billion valuation.\nIntercontinental Exchange (NYSE:ICE), parent of the New York Stock Exchange, has invested up to $2 billion in Polymarket and became a global distributor of the platform’s event-driven data to institutional investors. \nMonthly volume across Kalshi and Polymarket topped $22 billion combined in March, both platforms posting all-time highs.\n‘We’re going to set up the best-in-class gold standard for both crypto and prediction markets here in the US” Selig said. “We expect the United States to lead for many years to come.”\nPhoto: Mark J. 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