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Sleeper Adds Kalshi Prediction Markets Days Before Super Bowl

Fantasy sports activities platform Sleeper has begun rolling out prediction market buying and selling, with Super Bowl LX occasion contracts already out there contained in the Sleeper app simply days forward of kickoff.

Sleeper Markets has partnered with Kalshi to supply sports activities occasion contracts, the businesses introduced at this time, with extra occasion markets deliberate for later enlargement. 

The rollout follows Sleeper Markets LLC receiving approval from the National Futures Association (NFA) to function as a Futures Commission Merchant (FCM), a designation that enables the corporate to associate with an present change to supply occasion contract buying and selling. That approval led Sleeper to drop its lawsuit through which it accused the Commodity Futures Trading Commission (CFTC) of improperly delaying the registration course of.

The sports activities occasion contracts can be found to Sleeper’s 10 million customers nationwide, based on a information launch. Eric Kim, Sleeper’s head of operations, stated the partnership Kalshi is a good match for the platform’s sports-focused customers.

“This is an thrilling subsequent step for Sleeper, and a pure extension of our mission to construct probably the most participating expertise for our customers,” Kim stated within the launch. “Partnering with Kalshi provides us the chance to carry prediction markets instantly into the place the place hundreds of thousands of followers already come collectively round sports activities.”

Super Bowl, different sports activities markets already dwell contained in the Sleeper app

Numerous Super Bowl-related prediction markets, in addition to markets for NBA, tennis, worldwide soccer, and different sporting occasions, had been already accessible via Sleeper’s “Team Picks” interface on Friday morning.

Super Bowl markets seen within the Sleeper app embrace conventional sport outcomes, level spread-style contracts, and complete rating over/unders, plus MVP contracts and novelty markets tied to off-field occasions surrounding Sunday’s championship sport. 

Non-athletic Super Bowl markets featured within the app embrace these associated to which model will promote through the broadcast, which celebrities will probably be in attendance, and what songs Bad Bunny will carry out throughout halftime. 

Sleeper’s Player Picks product seems to stay a standard DFS choose’em providing primarily based on participant efficiency projections, with fastened multiplier payouts quite than tradable occasion contracts. 

Sleeper’s in-app availability map lists its broader “Picks” product as out there in roughly 30 states plus Washington, D.C., however the information launch means that its sports activities prediction markets can be found in all 50 states.

From Ohio, I used to be capable of simply commerce in one of many Team Picks Super Bowl markets. On fellow DFS operator PrizePicks, which additionally options markets from Kalshi, I might commerce in off-field Super Bowl markets from Ohio, however not the precise sport markets discovered within the app’s Team Picks part. 

Sleeper contract charges and threat disclosures outlined 

Sleeper’s help-center disclosures affirm the platform is working prediction markets as an middleman. The firm says it “routes buyer orders to KalshiEX LLC.” 

Fee disclosures indicate a comparatively easy pricing mannequin. Sleeper states it costs “a $0.01 per contract payment,” whereas “Kalshi costs a separate $0.01 change payment,” bringing the standard transaction price to roughly $0.02 per executed contract. 

On onboarding, Sleeper’s documentation says occasion contract buying and selling requires id verification. Users should full KYC checks, together with offering a Social Security quantity and importing photos of a government-issued picture ID, and fund accounts in U.S. {dollars}. Those necessities align with normal onboarding procedures for regulated futures buying and selling platforms.

The help-center pages additionally, in a bit known as “Event Contract Risks,” reference the continuing authorized battles between states and prediction platforms over the power to supply sports activities occasion contracts. If Kalshi’s sports activities occasions contracts turn out to be legally restricted in a state, it “might consequence within the liquidation of the lined occasion contracts open on the time of the ruling and (would prohibit) any new contracts from being entered,” the disclosure states. 

From regulatory standoff to market launch

Sleeper’s entry into prediction markets follows months of regulatory rigidity as the corporate labored to safe approval to function as an middleman for federally regulated occasion contracts. The agency utilized for FCM registration with the NFA in May 2025, a designation required to just accept buyer orders and route trades to a Designated Contract Market like Kalshi.

After months with out approval, Sleeper sued the CFTC in September, alleging the company had improperly delayed or obstructed its utility. The grievance argued the delay was harming the corporate’s capacity to launch regulated event-contract buying and selling and sought to compel the company to maneuver ahead with the registration assessment.

The standoff led to January when the NFA approved Sleeper’s FCM registration. The firm subsequently withdrew its lawsuit, clearing the way in which for the Kalshi partnership and permitting prediction market buying and selling to start showing contained in the Sleeper app forward of the Super Bowl.

Sleeper the newest DFS platform to launch prediction markets

Sleeper’s prediction market launch places it alongside Underdog and PrizePicks, two different main fantasy sports activities platforms which have rolled out sports-related prediction market merchandise within the run-up to the Super Bowl. 

Together, the strikes could sign a broader shift amongst DFS operators towards federally regulated occasion contracts as a complementary product class, significantly in states the place conventional sportsbook enlargement has slowed or regulatory frameworks stay unsettled. The overlap between fantasy sports activities audiences and prediction market merchants makes sports activities a pure entry level for platforms searching for liquidity and consumer adoption.

The clustering of launches forward of the Super Bowl suggests prediction markets are more and more being positioned as a mainstream sports activities engagement instrument quite than a distinct segment monetary product. Whether that pattern continues will rely largely on how ongoing authorized disputes over sports activities occasion contracts play out, however the rising involvement of established DFS operators signifies the sector may even see regulated prediction markets as a sturdy new income channel quite than a short-term experiment.

The publish Sleeper Adds Kalshi Prediction Markets Days Before Super Bowl appeared first on DeFi Rate.

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