AI-Powered Prediction Markets Launch at a Critical Time for the Industry

Slips, a Los Angeles-based platform known for its peer-to-peer social gaming, has recently introduced a new prediction market powered by Artificial Intelligence. This development comes as the industry faces growing challenges and scrutiny, particularly within the United States.

The company believes that integrating prediction markets with their existing games, Heads Up and Pools, will create valuable synergies. These games offer winners the chance to either claim the entire prize or share it among participants, and the new prediction market is designed to complement this experience.

Upcoming Product Innovations with AI-Powered Prediction Markets

Slips has announced plans to launch a cutting-edge product that reacts swiftly to trends and offers engaging markets on a variety of subjects, including current events, storylines, and more.

By leveraging advanced large language models, the system will be capable of automatically generating new betting opportunities around trending topics. It will also audit and verify outcomes in real-time, ensuring fairness and transparency. The platform aims to cover a wide range of categories, from sports and entertainment to politics, finance, and global affairs.

Unlike many companies in the prediction market space, Slips prefers not to label its users as “bettors” or “gamblers,” emphasizing a broader appeal to diverse participants.

The firm is also expanding into futures, commodities, and political markets to attract a larger audience. Slips views prediction markets as a natural step forward from peer-to-peer gaming and sees AI as essential to creating an unlimited variety of market options.

Founder and CEO Jess Richman stated, “By removing the house, empowering our users, and harnessing generative AI, we are building the most dynamic, scalable, and social real-money betting experience in the world.”

AI’s Role in Ensuring Fairness and Equal Opportunity

Slips emphasizes that AI technology can help make unbiased decisions, particularly in cases where markets may be controversial or ambiguous.

Meanwhile, traditional betting platforms and regulators have criticized the prediction market sector, claiming it circumvents strict gambling laws.

In response, companies including Slips, Polymarket, and Kalshi have argued that their platforms are not regulated as gambling because they do not set odds themselves.