Several funds expected to launch this week are on hold after the agency asked for more information about the proposed products.
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Roundhill and GraniteShares indicated that they could soon launch funds making election bets.
Polymarket users have a 52% rate of winning long-shot wagers on military actions, a nonprofit research group recently found.
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?