Several funds expected to launch this week are on hold after the agency asked for more information about the proposed products.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Polymarket users have a 52% rate of winning long-shot wagers on military actions, a nonprofit research group recently found.
MLB Commissioner Rob Manfred pitched prediction markets Thursday as potentially more immune to illegal behavior than online sportsbooks.
In December, DraftKings launched a predictions market platform of its own, turning the disruptors like Kalshi into direct competitors.
With prediction markets fueling a $10 billion sports betting industry, the wagers can get … interesting.
Prediction markets may prove to be an even more lucrative opportunity than sports betting as Americans’ interest in wagers grows.
Can Kalshi and Polymarket become the massive, all-purpose financial vehicles envisioned by backers or will they be disrupted by regulators?
Connecticut claims Kalshi, Robinhood and Crypto.com don’t have the proper licenses to handle sports wagers in the state.
While older investors might not be as tuned into prediction markets, some in the wealth industry fear they’re a growing threat to next-generation clients.