Why you won't find Kentucky Derby bets on prediction platforms
📖 Full Retelling
The Kentucky Derby takes place Saturday in Louisville. Prediction market platforms like Kalshi and Polymarket are sitting the race out.
Entity Intersection Graph
No entity connections available yet for this article.
Original Source
Sign up today for the CNBC Sport Newsletter CNBC Sport Why you won't find Kentucky Derby bets on prediction platforms Published Fri, May 1 2026 1:11 PM EDT Updated 18 Min Ago Contessa Brewer @contessabrewer WATCH LIVE Key Points You won't find Kentucky Derby or any horse racing wagers on prediction platforms like Kalshi and Polymarket. Bill Carstanjen, CEO of Churchill Downs, told CNBC the race track owners don't want it. The tension raises an interesting question of when — and in what contexts — permission is needed for prediction market platforms to offer contracts on a given event. In this article CHDN Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 3:48 03:48 Why the Kentucky Derby is missing from prediction betting markets Morning Call The biggest horse race in the country, the Kentucky Derby, takes place Saturday in Louisville. If you're looking to make a wager on Kalshi, Polymarket or another prediction platform around the event — you're out of luck. There are no Kentucky Derby event contracts offered on the major prediction platforms, which host contracts on everything from sports outcomes to geopolitical events to reality TV show moments, but not horse racing . Bill Carstanjen, CEO of Churchill Downs, which owns the Kentucky Derby and the racetrack where it's held, told CNBC it's unlikely that horse racing will ever show up on prediction markets because the race track owners don't want it. "You need to actually go to us, those who own the race tracks, to cut a deal," Carstanjen said in an interview this week. "And from our perspective, that's not something we're interested in doing." watch now VIDEO 16:18 16:18 Churchill Downs CEO on how horseracing has escaped competitive threat of prediction markets CNBC Sport Horse racing has long been something of its own little fiefdom. Betting on the races, America's original form of sports betting dating back to the colonial era, enjoyed special status even before the Supreme Court in 2018 struck down...
Read full article at source