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The 2026 FIFA World Cup pushed prediction markets into one of the fastest-growing corners of finance, driving record trading volume, fees, transactions, and open interest as millions of traders flocked…
Robinhood posted record second-quarter net revenue of $1.31 billion, up 32% year-over-year, as activity across prediction markets, options, and equities helped offset a sharp decline in crypto income. The company’s…
White House teleprompter operator Gabriel Perez is no longer employed by the federal government after being placed on unpaid leave over allegations that he used insider knowledge to bet on…
The lawsuit alleges that Kalshi acted as an unlicensed gambling operator, stressing that prediction markets meet the legal definition of gambling as the outcomes of event contracts “are uncertain and…
New York Governor Kathy Hochul and Attorney General Leticia James have filed a lawsuit against one of the most popular prediction market platforms, Kalshi. The move marks the latest escalation…
Reno casinos won $81.6 million in June, a 20.3% increase that outpaced Nevada’s other major gaming markets. Las Vegas moved in the opposite direction: Strip win declined despite a 25.8%…
Prediction markets and interest rate futures now point to a growing likelihood that the Federal Reserve will raise rates in September, reversing expectations from just weeks ago after officials struck…
Underdog’s in-house UDX exchange recorded a reported $1.2 million in July 27 trading volume, reaching its first million-dollar day ten days after initial test trades. The result suggests Underdog avoided…
U.S. District Judge Katherine Menendez blocked Minnesota from enforcing the first state felony ban on prediction markets days before its Aug. 1 start. The ruling gives Kalshi and Polymarket US…
A federal judge has temporarily blocked Minnesota from enforcing a first-of-its-kind law that would have prohibited prediction markets in the state. The latest decision hands a temporary legal victory to…