US prediction market players make a play for Indian IPL fans
US-based prediction market platforms Polymarket and Kalshi are becoming popular betting destinations for IPL fans. Here, users can wager on match winners, tournament champions, and individual player performance.
You can bet for or against, say, whether India will win a match. Each bet — for or against — has a price, which fluctuates in real-time as people buy and sell their bets. When the result is finally known, winners get $1 per bet, while others lose their money. It is somewhat like Options trading. This is the first IPL (Indian Premier League) season since India banned real-money gaming (RMG), which was a key revenue driver for domestic firms like Dream11 and Games24/7.
