Apr 23 Kalshi fines and suspends 3 congressional candidates for betting on their own elections By Jesse Bedayn, Associated Press/ Report for America, Safiyah Riddle, Associated Press Three congressional candidates wagered on the outcome of their own elections on Kalshi, according to the prediction market, which said Wednesday that it fined and suspended the men from their platform for five years. Continue reading
Apr 23 Trump's threats against Iran are a boon for prediction markets, including some backed by his son By Bernard Condon, Associated Press Traders flocked to Polymarket this month to bet on whether Trump really was going bomb Iran back to the Stone Age or just call a ceasefire. Continue reading
Apr 14 WATCH: CFTC chairman testifies before House panel amid scrutiny of prediction markets By Associated Press Commodity Futures Trading Commission Chairman Michael Selig is set to testify before the House Agriculture Committee on Wednesday. Continue reading
Apr 12 Iran war puts prediction markets back in the spotlight By Wyatte Grantham-Philips, Associated Press Prediction markets let people wager on just about anything — from basketball games to elections. And among more jarring bets recently, the fate of the U.S. and Israel’s war against Iran. Continue reading
Apr 03 Federal government sues three states for trying to regulate prediction markets By Susan Haigh, Associated Press All three states have sent cease and desist orders to such companies accusing them of engaging in illegal online gambling under state law. Continue reading
Mar 31 Watch 7:12 Prediction markets, pardons spark questions over who's profiting from Trump's presidency By Liz Landers, Doug Adams The Pentagon is denying a report by The Financial Times that Defense Secretary Hegseth’s stockbroker was seeking to make large investments in major defense companies in the days before the U.S. and Israel struck Iran. That report is raising more… Continue watching
Mar 10 The explosion of sports betting in America By Geoff Bennett Americans legally bet close to $167 billion on sports last year, a dramatic increase since states began to broadly legalize it in 2018. Author and journalist David Hill speaks with Geoff Bennett about the rapid rise of sports gambling and… Continue reading
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