Sports Illustrated and British media Galactic will collaborate to launch the unmanaged forecasting market SI Predict

According to Foresight News, Bloomberg reported that The Sports Illustrated brand is partnering with British media company Galactic to launch a prediction marketplace called SI Predict, which allows users to place bets on anything related to sports events. SI Predict will be launched in the second season. The team stated that SI Predict, as a non custodial platform, is not subject to regulation but will comply with regulations set by the UK Financial Conduct Authority and the US Commodity Futures Trading Commission.