There’s Still Time to Make Prediction Markets Useful
Deregulation has fueled a prediction market boom, but the resulting sports-dominated platforms now face a reckoning over whether they are gambling or socially useful forecasting tools.
Virtu Starts Trading on Kalshi as Event Bets Draw in Wall Street
Institutional market-makers like Virtu Financial are entering prediction markets, legitimizing them as a new asset class despite ongoing regulatory and legal uncertainties.
Polymarket Trading Volume Declines for First Time Since August
Polymarket's operational stumbles and first volume drop in eight months highlight its struggle to maintain momentum as rival Kalshi surges ahead.
Kalshi Judge Predicts Tribe Will Win Block on Sports Contracts
A federal judge's ruling signals tribal nations may gain regulatory leverage over prediction markets under IGRA, challenging Kalshi's federal oversight argument.
A $400 AI Bet That’s Actually a High-Stakes Wager on the Future of Work
AI is already boosting US productivity, but its long-term impact on jobs remains uncertain and potentially disruptive.
Trust the Numbers? What to Do When the Data Is Under Attack
Incoming Fed Chair Kevin Warsh faces a squeeze between political pressure on official data and the rise of alternative metrics, forcing him to defend statistical neutrality.
Prediction Market Ban for US House Members, Staff Gets GOP Push
Congress moves to ban members from trading on prediction markets, targeting a new ethics loophole after similar Senate action.
Kalshi Secures $22 Billion Valuation in Coatue-Led Round
Prediction market platforms are seeing valuations surge as trading volumes grow, with Kalshi doubling to $22B amid intense investor interest.
Kalshi Does No Better Than Experts on Key Jobs Forecasting Test
Prediction markets have yet to outperform traditional economists on crucial U.S. jobs data, challenging their promise of superior crowd-sourced accuracy.
Underdog Hires Former Head of Crypto.com Prediction Exchange
Underdog's hiring of a Crypto.com veteran and acquisition of CFTC licenses signals a strategic push to dominate the sports prediction market amid regulatory battles.
Kalshi Grilled by Massachusetts High Court Over What Gambling Is
Massachusetts' top court scrutinizes Kalshi's claim that prediction markets are financial swaps, not gambling, in a case testing state vs. federal regulatory authority.
Schumer Says House, White House Must Ban Prediction Market Bets
Senate Democrats push to extend a prediction market ban to all government officials amid insider trading concerns.
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