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A United States appeals court has found that states can regulate prediction markets, ruling against a bid by the company Kalshi to exempt so-called event contr…
The 6th U.S. Circuit Court of Appeals ruled that Kalshi's prediction markets can be regulated like gambling, rejecting the company's claim that its contracts q…
New York sued Polymarket to halt its operations as an unlicensed gambling business, escalating a legal conflict over state versus federal regulatory authority.…
The Commodity Futures Trading Commission advised some of its regulated entities on Tuesday that prediction markets' "mentions" contracts are at greater risk of…
Prediction markets that rode politics and sports to new heights the past two years are betting on their convergence this autumn to drive even more adoption. I…
Prediction-market platforms' courtship of Wall Street stands to bring in deeper professional liquidity and intensify competition, but will also mean it's harde…
Shares of DraftKings Inc. (NASDAQ: DKNG ) and Flutter Entertainment plc (NYSE: FLUT ) soared on August 28 after the Ninth Circuit Court of Appeals ruled that s…
