Prediction market traders bet against Trump's tariffs
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As Kalshi and Polymarket become more popular, lawmakers in New York are scrambling to create new rules for prediction markets.
"We have a long way to go to educate the public on the value of market-based forecasts, but you can't deny its accuracy," Coplan wrote on X.
America’s “prediction market” betting craze is landing in Britain as a gambling group gears up to launch the first exhange of its kind in the UK.
Flutter Entertainment plc remains unprofitable on a GAAP basis with declining return metrics & high operating expenses. Read more on FLUT stock here.
A prediction market user won big after wagering $32,000 that the U.S. would capture former Venezuelan President Nicolás Maduro. Was it insider trading?
As one of the two dominant sports betting brands in the U.S. — consuming as much as 80% of the legal market in tandem with FanDuel — DraftKings found itself compelled to join the prediction market boom and attempt to wrestle back some of the gambling investing dollars flowing to Kalshi and Robinhood.
Goldman sees the S&P 500 hitting 7,600 by the end of the year, extending the market's bull run but at a more modest pace. AI capex will continue to surge.
Can market incumbents in sports betting and financial services take on first-movers like Kalshi and Polymarket?
Sports betting giants will shake up the prediction market space, and state litigation is likely to increase across the U.S. in the year ahead.