NFL urges Supreme Court to decide who should regulate prediction markets
In a legal brief, the NFL expressed support for prior court rulings favoring state authority to oversee prediction markets.
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In a legal brief, the NFL expressed support for prior court rulings favoring state authority to oversee prediction markets.
A software engineer at Google is facing federal charges after allegedly betting on confidential company information on Polymarket, netting more than $1.2 million in profits.
Rep. James Comer is requesting information from Kalshi and Polymarket on how the prediction markets guard against insider trading.
Polymarket users can now trade on private companies' valuations, IPOs and secondary market activity.
A study from the New York Fed found that delinquency rates increased faster in states where online sports betting is legal.
So-called prediction markets allow people to bet on everything from presidential races to wars. Lauren Toms reports on the concerns about the potential impact on real-life events.
Trading in crude oil futures spiked only minutes before President Trump postponed an ultimatum on Iran, causing oil prices to drop and stocks to surge.
Polymarket tightened its rules after questions surfaced over whether some prediction market customers engaged in insider trading.