Slips Rolls Out AI-Powered P-to-P Prediction Markets

• Peer-to-Peer betting app company wades into prediction markets fray
• It’s an expansion of company’s Heads Up and Pools offerings

Slips, the company behind a social gaming-infused peer-to-peer wagering application, announced it is rolling out prediction markets powered by artificial intelligence (AI).

The Los Angeles-based company said its new AI-powered prediction markets are expansions of its Heads Up (winner takes all) and Pools (split the pot) games. There are more than 150,000 “Slippers” across the country that have won a north of $6 million combined since the company launched.

Fueled by integrations with advanced large language models, these systems can now automatically generate new bets around trending topics, events, and storylines, audit and resolve outcomes in real time to ensure fairness and transparency, (and) scale prediction categories from sports and entertainment to politics, finance, and global events,” according to a press release.

Like larger prediction markets operators, Slips offers derivatives on economic data releases, financial markets, politics, pop culture, and sports.

“The company also announced that these markets will soon extend into futures, commodities, and politics, all powered by AI tools that automatically track, generate, and settle bets,” Slips added in the statement.

AI Could Be Advantageous in Prediction Markets

The intersection of AI and prediction markets could represent a practical union because some event contracts can be vulnerable to ambiguity and manipulation.

“Prediction markets are the natural evolution of peer-to-peer gaming, and AI is the engine that makes it limitless,” said Slips founder and CEO Jess Richman in the statement. “By removing the house, empowering our users, and tapping into generative AI, we’re creating the world’s most dynamic, scalable, and social real-money betting experience.”

AI/Prediction Market Pairing Gaining Momentum

There’s budding momentum for the AI/prediction markets pairing. In addition to Slips bringing AI directly to its peer-to-peer games, Kalshi and Elon Musk’s xAI unveiled a deal in June under which chatbot Grok, which is used on Musk’s X social media platform, would come to the yes/no derivatives space.

Investors are taking note. Specific to Slips, the company counts Sunset Bay Capital, Trousdale Ventures, and Watertower Ventures among its backers, according to PitchBook. Six-time World Series of Poker champion Jason Mercier is also among Slips’ financial backers.