Nasdaq Joins Prediction Market Arena as Kalshi and Polymarket Face Legal Hurdles in Nevada

Kalshi and Polymarket are currently halted in Nevada due to court rulings that impede their trading activities. Nasdaq, seeking to capitalize on the disrupted market, has filed for a new 'outcome-related options' product to compete directly with these existing prediction markets. This development signals Nasdaq’s strategic move to expand into the emerging prediction markets sector, potentially altering the competitive dynamics and regulatory landscape.