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 soldier betting on an operation to oust Venezuela's leader. Politicians gambling on their own elections. Massive bets on the president announcing a ceasefire with Iran right before he actually did.

The indictment of a soldier who bet on the U.S. operation to capture President Nicolás Maduro of Venezuela put renewed focus on a new way to gamble, and a new way to cheat. By Victor Mather Prediction ...

Some state employees have been officially banned from insider trading on prediction markets. Governors have signed executive orders clamping down on it in New York, Illinois, and California. "Getting ...

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 ...

Have you noticed a lot of young people getting into antenna-maxxing as alpha? Or, maybe searching for any bit of copium after they fat-fingered and got rinsed? Or maybe they farmed during a yes-fest ...

How do you file taxes on prediction market profits? It seems like the type of straightforward question any halfway decent bookkeeper should be able to answer. Right now, though, it’s a conundrum for ...

The federal government on Thursday sued Connecticut, Arizona and Illinois, challenging their efforts to regulate prediction market operators such as Kalshi and Polymarket. All three states have sent ...

MANY COUNTRIES assign citizenship primarily on the basis of blood. America—along with about 30 other countries—does so primarily by place of birth. Since 1868, when the 14th Amendment was ratified, ...

Federal prosecutors in Manhattan are exploring whether certain lucrative bets placed on prediction markets have violated insider trading and other laws, multiple sources told CNN. The chiefs of the ...

The online version of betting known as prediction markets has come seemingly out of nowhere to become a multibillion-dollar industry, one that has set off a struggle pitting states’ rights to regulate ...

Sens. Jeff Merkley, D-Ore., Elizabeth Warren, D-Mass., and Rep. Jamie Raskin, D-Md., on Thursday introduced legislation to ban prediction market bets on sports, war, elections and government actions.