Feb 19 Watch 7:30 Why prediction markets are thriving – and facing scrutiny By Paul Solman, Diane Lincoln Estes Platforms that let you bet on the outcomes of future events have seen explosive growth recently. Economics correspondent Paul Solman explains how these prediction markets work and why they’re so popular and controversial. Continue watching
Feb 17 Trump administration backs Kalshi and Polymarket as states move to ban prediction markets By Ken Sweet, Associated Press The Trump administration is throwing its support behind the prediction market operators Kalshi and Polymarket in a critical legal battle between the growing prediction market industry and states that wish to ban these platforms. Continue reading
Jan 12 A $400,000 payout after Maduro's capture put prediction markets in the spotlight. Here's how they work By Wyatte Grantham-Philips, Associated Press The commercial use of prediction markets has skyrocketed in recent years, opening the door for people to wage their money on the likelihood of a growing list of future events. But despite some eye-catching windfalls, traders still lose money everyday. Continue reading