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.
Watch CBS News
In a legal brief, the NFL expressed support for prior court rulings favoring state authority to oversee prediction markets.
The National Football League is now urging the Supreme Court to decide whether states should have the power to regulate prediction markets. Front Office Sports deals reporter Ben Horney joins CBS News to discuss.
Robert DeNault, head of enforcement at Kalshi, joins CBS News to discuss last week's appeals court ruling that rejected the company's efforts to stop Nevada from regulating speculation on sporting events on its platform.
U.S. inflation cooled slightly in new data from July. Also, the New York City Council launched a sweeping investigation into the marketing practices of prediction market companies such as Kalshi and Polymarket. Axios markets correspondent Matt Phillips shares his thoughts.
New York City lawmakers allege that four major prediction markets engage in deceptive marketing practices and target young adults.
Top Senate Democrats sought answers about Trump IRS deal from mining company Kaz Resources, cryptocurrency companies World Liberty Financial and prediction markets Polymarket and Kalshi.
Prediction market users are profiting from bets on war. Analysts say suspiciously timed bets, and the high win rates of wagers on military outcomes , are likely signs of insider trading.
Prediction market users are profiting from bets on war. Analysts say suspiciously timed bets, and the high win rates of wagers on military outcomes , are likely signs of insider trading.
A Wall Street Journal investigation found that the prediction market paid content creators to produce videos of fake trades purporting to show big financial gains.
The Commodity Futures Trading Commission has sued nine states to block them from regulating prediction markets such as Kalshi and Polymarket.
A new report from The Wall Street Journal alleges that Polymarket paid content creators to post videos about winning bets that did not exist. Caitlin Ostroff, one of the reporters who broke the story, joins "The Takeout" to discuss.
Polymarket tells CBS News it is auditing its promotional content in response to a recent investigation by the Wall Street Journal. The newspaper found that the prediction market paid online content creators to produce videos showing them collectively winning a total of $1.9 million, but the Journal says those bets weren't real. One of the article's authors, Neil Mehta, joins "The Daily Report" to discuss.
Kalshi has enlisted Lionel Messi and Timothée Chalamet as prediction markets compete to attract new users and cement their place in the mainstream.
Prediction market platforms give fans the chance to make money on anything from predicting where Taylor Swift will get married to major sports. But a recent study found the top 1% of traders on Polymarket capture more than three-quarters of all gains. Jo Ling Kent spoke with a prediction market trader who wrote an AI-powered computer program to help him win big.
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
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.
A Google employee has been arrested for allegedly using insider information to make $1 million on Polymarket. Dustin Gouker, publisher of the Event Horizon newsletter on prediction markets, joins CBS News to discuss.
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.
First, prediction market bets on war defy odds. Then, London's cabbies skeptical about robotaxis. And, Christopher Nolan: The 60 Minutes Interview.
More than $1 billion has been bet online on military decisions and outcomes this year on Polymarket. Some wagers have been suspiciously timed, with information seemingly coming from insiders.
Prediction market users are profiting from bets on war. Analysts say suspiciously timed bets, and the high win rates of wagers on military outcomes , are likely signs of insider trading.
Prediction market users are profiting from bets on war. Analysts say suspiciously timed bets, and the high win rates of wagers on military outcomes , are likely signs of insider trading.
Incidents in which people apparently used exclusive knowledge to score handsome profits raise the question: Are prediction markets safe places for news junkies to bet on events - or dens of insider trading?
A U.S. special forces soldier was arrested Thursday for allegedly using confidential government information to make more than $400,000 off the arrest of former Venezuelan President Nicolás Maduro on Polymarket. CBS News homeland security correspondent Nicole Sganga has the details. Then, Dennis Kelleher, CEO of financial regulation nonprofit Better Markets, joins with analysis.