Prediction markets are no longer a niche experiment tied to elections or crypto-native communities. Over the past 12–18 months, they have evolved into a rapidly expanding segment that increasingly resembles a hybrid between financial markets, trading platforms, and online gambling. What is emerging is not just a new product...

Few people are more knowledgeable about the profits that are to be extracted from the gambling industry than the German entrepreneur and iGaming professional, Sebastian Jarosch. Mr. Jarosch is the founder of Mithrillium Media Ltd., a company that he established over a decade ago. Jarosch’s success can be measured in...