The Trump administration on Wednesday proposed a set of new federal regulations for prediction markets that appear to largely leave the booming industry intact. Importantly, the new rules would ...

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 ...

President Trump is throwing his weight behind an effort to block state restrictions on prediction markets, as federal and state regulators vie for authority over the platforms in a legal dispute that ...

President Donald Trump on Tuesday stressed the importance of establishing the Commodity Futures Trading Commission’s “exclusive authority” over prediction markets and vowed to protect the ...

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.

Interactive Brokers IBKR-1.59%decrease; down pointing triangle is launching a platform where users can place yes-or-no bets through Kalshi, CME Group CME 0.76%increase; up pointing triangle and its ...

Though Bitcoin might currently be trading 40% lower than its record high price, the asset manager is still bullish on the leading cryptocurrency. Christopher Jensen, the director of digital asset ...

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 ...

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 ...

A few days before Christmas, Howard Qin was scrutinizing weather forecasts on two laptops at home in Shanghai when he noticed prices of contracts for New York City snowfall creeping higher on the ...