Sports Illustrated Introduces SI Predict: A New Approach to Sports Prediction Platforms
Sports Publication Ventures into Speculative BettingMarkets
Step aside traditional sports betting platforms, Sports Illustrated is shaking things up with SI Predict. In partnership with UK-based media firm Galactic, SI Predict aims to offer a unique experience for sports fans, targeting a global launch in Q2 2025 [1][4][5].
Unlike other platforms like Kalshi and Robinhood, SI Predict takes a different approach by focusing on lifestyle moments adjacent to live sports events. Predict the halftime show, audience reactions, or other captivating elements of the sports scene, creating a more inclusive and engaging experience for fans [1][4][5].
SI Predict is all about fostering conversation, debate, and active participation, transforming passive viewership into an interactive event. The platform invites users to express their insights, share their knowledge, and engage with a global audience [1][4][5].
The technology backing SI Predict is the Aventus appchain, a blockchain solution ensuring fairness, accuracy, and a secure environment for all users. Best of all, no prior knowledge of crypto or blockchain is required to enjoy the platform [4][5].
Regulatory compliance is at the heart of SI Predict, providing a trusted space for fans to participate safely in the sports prediction market. No more gambling complexities, just fun and socially relevant predictions showcasing your sports expertise [1][4].
SI Predict could be a game-changer in the sports prediction landscape, following Sports Illustrated's earlier foray into traditional sports betting which had to be discontinued. Prediction markets are becoming increasingly attractive, demonstrating significant potential as seen by Robinhood's $250m trading volume during March Madness [2].
In 2021, both Robinhood and Kalshi collaborated to launch prediction markets for the competition, just a week before it began [2]. Will SI Predict be a successful contender in this field? Time will tell.
Image credit: Unsplash.com.
Notes:
- Lifestyle moments refer to predicting elements of events like halftime shows or audience reactions, directly related to live sports events.
- Robinhood's trading volume of $250m during March Madness 2021 demonstrates the potential of prediction markets.
- DraftKings has recently applied for a license to launch its own prediction platform despite previously expressing concerns over regulatory frameworks.
- By using blockchain technology, SI Predict offers a secure and fair environment for its users without requiring knowledge of crypto or blockchain.
- SI Predict aims to create a more accessible, engaging, and socially relevant platform for sports fans, focusing on peripheral aspects of athletic events.
Enrichment Sources:
- Forbes - SI Predict: Sports Illustrated Prepares To Pivot From Sportsbook To Prediction Market Platform
- ESPN - Predict the bracket: Robinhood, StockX sponsor March Madness' first payment-for-performance sweepstakes
- Bloomberg - Sports Illustrated is planning a prediction market app
- Yahoo Finance - Sports Illustrated Reportedly Planning Prediction Market App with Galactic’s Help
- TechRadar - Sports Illustrated planning prediction market app to compete with Robinhood and DraftKings
- Sports Illustrated's new platform, SI Predict, aims to revolutionize sports prediction by focusing on lifestyle moments tied to live sports events.
- Unlike traditional sports betting platforms, SI Predict encourages conversation, debate, and active participation, making sports prediction more engaging and socially relevant.
- Galactic, a UK-based media firm, partners with Sports Illustrated on this venture, targeting a global launch in Q2 2025.
- Utilizing the Aventus appchain, a blockchain solution, SI Predict provides a secure and fair environment for users, requiring no prior knowledge of crypto or blockchain.
- SI Predict's focus on peripheral aspects of athletic events could significantly impact the sports prediction landscape, given the growing popularity and potential demonstrated by platforms like Robinhood.
- DraftKings, despite earlier concerns over regulatory frameworks, has recently applied for a license to launch its own prediction platform, hinting at a competitive future in the sports prediction market.
