Sens. Jeff Merkley, D-Ore., Elizabeth Warren, D-Mass., and Rep. Jamie Raskin, D-Md., on Thursday introduced legislation to ban prediction market bets on sports, war, elections and government actions.

In the hours leading up to the joint U.S.-Israeli attack on Iran, bets on a potential strike were being bought and sold on prediction markets like Polymarket. One trader named "Magamyman" bet big and ...

When Troy Dixon first suggested incorporating prediction markets into the electronic trading platform where he works, he was met with incredulity. “People told us we were crazy,” Dixon, Tradeweb’s ...

Prediction markets have adopted the vocabulary of finance and the mechanics of gambling. That combination has proven very difficult to regulate, in part because it sits between two established ...

(NEXSTAR) – As sports betting continues to grow in the U.S., one large aspect of the industry could take a hit under a new bipartisan bill. Introduced by Sens. Adam Schiff (D-Calif.) and John Curtis ...

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Prediction markets are booming, with trading volume reaching $64 billion in 2025, as sports contracts drive growth despite legal challenges in multiple states. NEW YORK- Global prediction market ...

MLB is partnering with Polymarket to offer exclusive rights and data, including a "comprehensive integrity framework." The league also signed an agreement with the CFTC to share information with each ...

The state accused Kalshi of operating an illegal gambling business, escalating the legal battle between states and prediction markets. By Natallie Rocha and David Yaffe-Bellany Arizona’s attorney ...

Leaders at the largest U.S. bank are trying to get a handle on the fast-growing world of prediction markets, where regulation is still taking shape and insider trading often goes unchecked.

Senators Adam Schiff (D-Calif.) and John Curtis (R-Utah) introduced the "Prediction Markets Are Gambling Act" on Monday. Théo MARIE-COURTOIS / Getty Images After two United States senators introduced ...