Earlier this year, Thomas Christian Owens decided to try his hand at prediction market trading for the first time. He created a Kalshi account in January. Three months and a $500 deposit later, he ...

Prediction markets, where users can place bets on real-world outcomes in anything from sports and award shows to elections, interest rate decisions, and even military operations, have become a ...

President Trump on Tuesday said it was “critically important” for the Commodity Futures Trading Commission (CFTC) to maintain exclusive authority over prediction markets, following several lawsuits ...

Minnesota Gov. Tim Walz has signed the nation's first law banning prediction market sites from operating in the state, and in response, the Trump administration has sued, teeing up a legal battle over ...

Like at least other 14 states, Minnesota has wrestled with how to regulate the popular prediction market sites. Federal officials sued the state over its new law. By Pooja Salhotra A day after Gov.

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Billions of dollars are changing hands each week on prediction markets, sites whose ...

Interactive Brokers IBKR2.23%increase; up pointing triangle is launching a platform where users can place yes-or-no bets through Kalshi, CME Group CME 2.80%increase; up pointing triangle and its own ...

The Senate unanimously agreed to a resolution Thursday barring its members from trading on prediction markets in the face of growing concerns about insider trading on the platforms. The resolution, ...

Prediction markets are being touted on social media as a lucrative side hustle for young Americans squeezed by rent and student loan bills. In reality, most traders are losing money, and a significant ...

Polymarket takes over a local bar for a pop-up experience in D.C. on March 20. (Alex Kent/For the Washington Post) Prediction markets are not a new idea. They existed five centuries ago, when people ...

NBA playoffs fans will get the treat of the Minnesota Timberwolves and the Denver Nuggets for the third time in four years. The two Western Conference foes have played an incredible 29 times over the ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...