Kalshi and Polymarket say their prediction markets are not subject to gambling laws and taxes. The casino industry is lobbying to shut them down as a wave of court cases take on the question. By Ian ...

Earth is closer than ever to global catastrophe as major world powers grow increasingly confrontational and cooperative efforts to reduce existential risks break down, a group of scientists warned ...

The “single greatest predictor” of future stock-market returns has never been more bearish. This indicator is based on the average U.S. household’s allocation to equities. It was introduced in 2013, ...

In an era of information overload, the "wisdom of the crowd" has become a powerful financial and forecasting tool. Prediction markets—platforms where users trade on the outcome of future events—are no ...

FanDuel is launching its own prediction-market app in five states just days after its main rival, DraftKings Inc., rolled out a similar product. FanDuel Predicts will allow users to bet on the outcome ...

Dec 22 (Reuters) - Coinbase (COIN.O), opens new tab said on Monday it will buy prediction markets startup The Clearing Company, its tenth acquisition this year, as the crypto exchange looks to expand ...

Forbes contributors publish independent expert analyses and insights. I’m a business reporter and the founder of Vivid Minds. "Prediction markets… do a very, very good job at distilling information ...

Coinbase Global Inc. said it is suing the US states of Michigan, Illinois and Connecticut over their attempts to regulate prediction markets. “These states have taken or threatened action against ...

Coinbase is expanding into stocks, more sophisticated trading tools, and prediction markets, positioning outcome trading as part of a broader “single app” brokerage play. The company is also rolling ...

Prediction markets have moved from academic curiosities to regulated financial venues, but the regulatory environment that governs them is still evolving. Wealth management executives now face a new ...

The gambling industry has been actively voicing its concern about the encroachment of prediction markets on sports betting. Critics say prediction markets are little more but sports betting with some ...

Gemini says its prediction markets are now live nationwide via affiliate Gemini Titan after it secured a CFTC Designated Contract Market license Gemini, the cryptocurrency exchange founded by ...