Sports Illustrated and Galactic Launch New Precipitation Platform: Report

Sport Ilustrovani launches a new platform for predicting the market in partnership with a media company based on Granactic.

The platform, which can be predicted, will enable users to set role to sports events without betting on actual games outcomes.

You predicts to function similarly on platforms like Polimarket and Kalshiwho use blocks based on blockchain to bet users to future events, according to Bloomberg reporting.

Unlike traditional sports books that focus on the results of games, you predict markets in neighboring aspects of sports, such as stadium attendance, display details or other outcomes based on unusual outcomes.

“Sports media are no longer a one-way conversation,” said Galactic CEO Stuart Stott in line with Bloomberg. “Fans want to be involved and want their opinions to have weight.”

Using the prediction market hi Technology for creating transparent and secure bets. Instead of betting on the betting, the beneficiaries of trade action in the outcome of events, similar to how they work on the market.

If the prediction is to be precisely, the action increases the value. If it’s wrong, they become worthless.

Online betting

You are predicting will be available on global foreign and in accordance with the regulations from the United Kingdom of Financial Conduct and the American Commission for trade in trade. However, as a non-guardian platform, there will be no traditional gambling license.

Launches comes in the midst of increasing interest in decentralized prediction markets. Since the Supreme Court of the United States abolished a federal ban on sports betting in 2018. years, companies like drafts and fanduels were led online to the gambling area. However, newer-based platforms based on polymarket-received is tow, allowing bets to spread events in the real world.

You are predicted to launch in the second quarter of 2025. Years, according to Bloomberg.