Reading probability prices: a 5-minute primer
Why 62¢ is the same as +61 in American odds, and why you'll never want to go back.
Plain-English guides for California traders: how event contracts work, which apps are available, taxes, deposits, withdrawals and what to trade.
Why 62¢ is the same as +61 in American odds, and why you'll never want to go back.
Championship futures, LeBron props, in-game lines. Where LA basketball fans should actually be trading.
Price equals probability. A contract at 40¢ means the market thinks there's a 40% chance. Here's the full mechanic, with a Lakers walk-through.
Prediction markets and sports betting markets look similar from a distance. Both let you take a position on an outcome. But they are different products, under different regulators, with different economics. Here's the full breakdown.
Yes, for now: prediction markets operate in California as CFTC-regulated event contracts, but the courts are split on sports contracts. The legal picture, what you can trade, and the open cases.
Novig is a peer-to-peer sports exchange built for traders who've been limited or banned by sportsbooks. No house, no winner limits, tight pricing set by other traders. Here's what it offers and whether a California trader should use it.
Sleeper is a fantasy and pick'em sports app with a large existing sports community. Here's what makes it different, who it's for, and what a California trader who wants a CFTC-regulated exchange should use instead.
Chalkboard is a pick'em-style app built almost entirely around player props: LeBron's points, Steph's threes, Mahomes' passing yards. Here's what it does, who it's for, and what a California trader who wants a CFTC-regulated exchange should use instead.
Rebet is a social sweepstakes sportsbook built for people who want to share picks and play alongside friends. It isn't available in California. Here's what it does, who it's for, and what Californians can use instead.
You've heard about prediction markets. You want to try them. You don't know where to start. This is the complete walk-through, from picking your first platform to placing your first trade, written for readers who have never touched an event contract.
The 2026 World Cup runs June 11 to July 19, with matches at SoFi Stadium in LA. California has no legal online sportsbook. But prediction markets are federally regulated and available to every California resident. Here's how to trade it.
The NBA Finals, the Stanley Cup, the French Open, the World Cup, and a Federal Reserve meeting all land inside a 10-week window. Here's the full prediction markets calendar for May through July 2026: what's tradable, when, and on which platforms.