Kalshi CEO Tarek Mansour has argued that event contracts fall within financial market frameworks rather than traditional gaming categories. In contrast, other industry executives have described sports ...

Growth in prediction markets is surging as traders seek more precise ways to price and hedge discrete events, from elections to rate decisions, without relying on blunt proxy trades. Prediction ...

Michael Selig oversees a federal agency created to regulate soybean futures. Now he’s helping Americans around the country bet on everything from the Federal Reserve’s interest rate decisions to who ...

The political fight in the US over the future of prediction markets like Polymarket and Kalshi has escalated into a full-blown war, and battle lines aren't being neatly drawn along party lines.

At least three ETF shops are interested in rolling out funds that hold event contracts tied to the outcome of U.S. elections. The fund proposals signal a move by the industry to offer ...

Last summer one “ricosuave666” won more than $150,000 on Polymarket, a betting platform. Their true identity was not clear, but the source of the winnings was: ricosuave666 had bet, with suspicious ...

Three books unpack our infatuation with prediction, and what we lose when we outsource this task to machines. To be human is, fundamentally, to be a forecaster. Occasionally a pretty good one. Trying ...

The Commodity Futures Trading Commission (CFTC) is stepping in to stop what it calls an “onslaught” of state-level regulation of prediction markets. CFTC Chairman Michael Selig said Tuesday in a video ...

Commodity Futures Trading Commission Chairman Michael Selig said the agency has filed an amicus brief in federal court to assert its authority over prediction market enforcement and regulation. The ...

Journal Editorial Report: The week's best and worst from Kim Strassel, Bill McGurn, Allysia Finley and Dan Henninger. Photo: Stefano Costantino/SOPA Images/ZUMA Press/Jim West/Zuma Press/U.S. FDA via ...

Gambling has taken over the country. But it’s not just sports betting that’s emptying wallets. Now, the rise of prediction markets like Polymarket and Kalshi to bet on almost any conceivable outcome, ...

Julia R. Cartwright is a senior research fellow in law and economics at the American Institute for Economic Research. Enron, long remembered as one of the largest corporate fraud scandals in American ...