RIOT GAMES IN TALKS WITH PREDICTION MARKET PLATFORMS

The Tencent-owned developer, known for League of Legends and Valorant, is exploring partnerships with two major players in the prediction market space. Kalshi and Polymarket both offer users the ability to trade on outcomes of real-world events, including esports competitions. Prediction markets have gained prominence as platforms for wagering on various outcomes, though they operate in a different regulatory framework than traditional sports betting. The discussions suggest Riot Games is considering new sponsorship avenues beyond conventional gaming sponsors. Neither Riot Games nor the prediction market platforms have confirmed formal sponsorship agreements. The scope and terms of any potential deals remain unclear. Prediction markets have expanded significantly in recent years, attracting users interested in event-based trading and speculation. Riot Games generates substantial revenue from esports through League of Legends and Valorant competitions, which draw millions of viewers globally.