A new prediction market platform is being introduced, created in collaboration with a U.K.-based media company.
Named SI Predict, this platform will enable users to place bets on sports-related events without having to wager on the actual game outcomes.
SI Predict functions in a manner similar to sites like Polymarket and Kalshi, utilizing blockchain-based derivatives contracts that allow users to bet on anticipated events, as reported.
Unlike conventional sportsbooks that concentrate on game results, SI Predict will provide markets on various ancillary aspects of sports, such as attendance figures, details of halftime shows, or other outcomes that are not based on scores.
“The landscape of sports media has evolved beyond a one-sided dialogue,” stated Galactic’s CEO, noting that “fans are eager to participate and want their voices to carry significance.”
Prediction markets leverage blockchain technology to facilitate clear and verifiable wagers. Rather than placing bets against a bookmaker, users trade shares in an event’s outcome, akin to stock market transactions.
If a user’s prediction is correct, the value of their shares rises; if incorrect, they lose their value entirely.
Online Betting
SI Predict will be accessible worldwide and will adhere to the regulations set by the UK’s Financial Conduct Authority and the U.S. Commodity Futures Trading Commission. Nevertheless, as a non-custodial platform, it will not require standard gambling licenses.
This launch occurs amid a growing fascination with decentralized prediction markets. Following the U.S. Supreme Court’s decision to lift the federal ban on sports betting in 2018, platforms like DraftKings and FanDuel have dominated the online gambling arena. Meanwhile, newer blockchain-based sites—such as Polymarket—have gained popularity by allowing wagers on a wider array of real-world events.
SI Predict is expected to debut in the second quarter of 2025, according to reports.