Prediction markets have become enormously popular, with Polymarket and Kalshi seeing trades of up to $45 billion last year - and Polymarket is now valued at $9 billion after being founded in 2020.

Traders have put more than $7 million combined into Kalshi and Polymarket bets for who the next governor of California will ...

As sports betting continues to grow in the U.S., one large aspect of the industry could take a hit under a new bipartisan ...

Most overnight sensations take years to build. Kalshi is no exception. The company was founded in 2018 by Tarek Mansour and Luana Lopes Lara, two MIT graduates who spent the next several years — and ...

Now, prediction markets are rejiggering the odds by requiring forecasters to back their convictions with cash. Participants buy and sell contracts tied to future events, with the resulting prices ...

As the legal war over how to regulate prediction markets rages on, financial institutions are embracing the industry anyway.

In January 2022, the Commodity Futures Trading Commission (CFTC) fined Polymarket $1.4 million and required the platform to cease serving U.S. customers. Polymarket subsequently shifted its focus to ...

Have you ever walked into a dark room, flipped the light switch—and nothing happened? That jolt of confusion reflects your brain’s predictive model colliding with unexpected input. In that split ...

Prediction market platform Kalshi is surging so much in Trump's second term, that it's prompted something of an arms race: Robinhood, Coinbase, FanDuel and DraftKings have all announced rival services ...