New York state has filed a lawsuit against prediction market platform Kalshi for operating illegal gambling, seeking at least $36 billion in damages.
Kalshi, one of the world's largest prediction markets,…
A federal judge in the U.S. has issued a significant ruling in favor of Kalshi and Polymarket by halting Minnesota’s law banning prediction markets.
A development that has resonated widely in…
A court in Washington state has temporarily halted the popular prediction market platform Kalshi from offering contracts for sports events, citing a violation of state gambling laws.
Tensions between prediction markets…
With the conclusion of the World Cup, trading volumes in prediction markets have rapidly declined, revealing that a large portion of users betting via Polymarket ended up in the red.
Prediction…
Bernstein has raised its price target for Robinhood to $160, predicting that prediction markets will surpass the platform's cryptocurrency revenue by 2026.
Investment giant Bernstein has upgraded its outlook for the…
Gabriel Perez, who has served as Donald Trump's teleprompter operator for nearly 10 years, is accused of using confidential information about the president's speech scripts to generate illicit profits in…
A Polymarket user experienced a major financial disaster, losing $11.6 million in just 10 days as a result of incorrect predictions regarding World Cup matches.
While decentralized prediction platforms gain popularity…
Despite legal restrictions and access blocks in the US, American users have executed transactions worth $571 million in political bets on the prediction platform Polymarket over the past year.
Polymarket, one…
A user betting on World Cup matches on Polymarket secured a massive windfall, turning $1.5 million in capital into $7.68 million in just five days.
While prediction markets are gaining more…
A cryptocurrency investor has achieved massive success by earning $8.47 million in profit in just a single day through strategic trades executed on prediction markets.
High-risk, high-reward trades continue to whet…
While World Cup excitement has galvanized prediction markets, Polymarket volume surged by 300%, and Kalshi set a record with $1.16 billion in open interest.
The World Cup, the global sports world's…
Meta is working on a new application codenamed Arena to enter the prediction markets, which have seen a rapid surge in popularity recently.
Social media giant Meta is preparing to make…