DraftKings is using prediction markets to enter areas where sports betting isn't legal. Flutter Entertainment is using prediction markets to expand its FanDuel platform. Robinhood Markets is offering ...

Sunday's Super Bowl is expected to see a record $1.76 billion wagered with sportsbooks. Emboldened by loosened restrictions from federal regulators, a newer form of betting — prediction markets — will ...

Prediction markets have a similar appeal to cryptocurrency trading with risk-seeking investors. In addition to obvious risks, prediction markets have several gray areas. Regulators could look more ...

Kalshi and Polymarket say their prediction markets are not subject to gambling laws and taxes. The casino industry is lobbying to shut them down as a wave of court cases take on the question. By Ian ...

Following the federal government’s wide-armed embrace of the tech, professional gamblers are flooding into prediction markets like Kalshi and Polymarket. It’s not hard to see why: in January alone, ...

Prediction markets are offering Super Bowl-related bets "masquerading" as event contracts, NY Attorney General Letitia James said in a statement. Prediction markets are susceptible to insider trading ...

Blockchain-based prediction-market platform Opinion said it raised $20 million in pre-Series A round, underscoring that some corners of the crypto economy can still attract sizeable funding even when ...

The 2024 presidential election was the first time that prediction markets really got mainstream attention. Platforms like Kalshi and Polymarket saw people flock en mass to place bets on the ...

The football might have been a tad ugly at times in Super Bowl LX, but the betting action on the game remained fast and furious, including at federally regulated prediction markets. Kalshi, for ...

Why is Christian Science in our name? Our name is about honesty. The Monitor is owned by The First Church of Christ, Scientist, and we’ve always been transparent about that. The church publishes the ...

Nevada Representative Dina Titus has introduced new federal bill in a bid to strengthen oversight of sports-related prediction markets. The proposal reflects growing concern that certain platforms may ...

After an analyst found that users are losing money faster on sites like Polymarket than on traditional sports gambling platforms, the US’s largest prediction market Kalshi hit back with a decidedly ...