The Insider's Guide to Prediction Market Terminology: Defining the Terms You Need to Know

Inside Prediction Markets · May 27, 2026 · 38m

Kyle Kuzma — yes, the NBA player — became an unlikely prediction market hero this week by clapping back at the DraftKings co-founder's Twitter tirade. Then: the Ninth Circuit signals it's going to rule against prediction markets on sports contracts, setting up the split circuit that everyone was expecting and almost certainly sending this to the Supreme Court. Plus, the New York Times runs a piece on regular people beating Wall Street on prediction markets.

Then it's just Chris and Henry going deep on the terms that get thrown around constantly in prediction markets but rarely get properly…