Court hands states a win in fight over who regulates prediction markets
Trading of sports event contracts on Kalshi constitutes gambling, appeals court rules in siding with Nevada officials.
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Trading of sports event contracts on Kalshi constitutes gambling, appeals court rules in siding with Nevada officials.
Wagering on wildfires — that's what some people are doing on some prediction markets. But lawmakers say betting on a disaster crosses a line, and they're now pushing for new restrictions to stop it.
After detecting suspicious activity on the teleprompter operator's account, Kalshi investigated and then referred the case to federal regulators.
Americans are expected to wager more than $3 billion amid the expansion of legalized sports betting in the U.S.
Polymarket users can now trade on private companies' valuations, IPOs and secondary market activity.
