A dangerous, unregulated form of gambling that allows for degenerate betting on real events, unfettered by the economic and legal rules that keep stock markets and sports betting in check, creating an ...

The stock-market-timing indicator with the best long-term predictive record has just risen to its highest — and most bearish — level ever. I’m referring to the average U.S. household’s allocation to U ...

Binance has added a prediction markets feature to its Binance Wallet, giving users a way to trade on the likelihood of real-world events without leaving the app. The rolloaut connects Binance Wallet ...

Sens. Jeff Merkley, D-Ore., Elizabeth Warren, D-Mass., and Rep. Jamie Raskin, D-Md., on Thursday introduced legislation to ban prediction market bets on sports, war, elections and government actions.

Sarah Creal has been a product developer since she was 23. Now in her mid-50s, the eponymous beauty brand founder just launched Face Flex Correct Instant Under Eye Brightener, which caters to “babes ...

Max Raskin is a co-founder of Uris Acquisitions and a fellow at New York University School of Law. Prediction markets are Washington’s latest bogeyman, but President Donald Trump isn’t spooked.

Kalshi is a platform where users can bet on outcomes for just about anything, from sporting events to economic indicators to presidential elections. Recent research by the Federal Reserve found that ...

Prediction markets have adopted the vocabulary of finance and the mechanics of gambling. That combination has proven very difficult to regulate, in part because it sits between two established ...

At the University of Miami, inside the columned fraternity house of Sigma Alpha Epsilon, one brother had some valuable information. The fraternity attracts the children of the very wealthy, including ...

Kalshi CEO Tarek Mansour has argued that event contracts fall within financial market frameworks rather than traditional gaming categories. In contrast, other industry executives have described sports ...

Wagers on popular prediction markets tied to the fate of Iranian Supreme Leader Ayatollah Ali Khamenei and the timing of U.S. military strikes in the country are drawing scrutiny over possible insider ...