About 90% of Kalshi's volume has come from sports contracts in recent months. In late 2024, prediction markets seemed poised to take over the world. Thanks to a big win in a court case against the ...

‘China’s Nostradamus,’ who foresaw Trump’s win and Iran war, issued predictions about America’s future in 2024, and many are starting to believe him. Meet Jiang Xueqin, a Chinese-Canadian educator and ...

Meanwhile, Interactive Brokers has actively avoided offering sports-related prediction markets. Peterffy acknowledged that most of the prediction-market volume at its competitors comes from sports, ...

Forbes contributors publish independent expert analyses and insights. I’m a business reporter and the founder of Vivid Minds. "Prediction markets… do a very, very good job at distilling information ...

Sunday's Super Bowl is expected to see a record $1.76 billion wagered with sportsbooks. Emboldened by loosened restrictions from federal regulators, a newer form of betting — prediction markets — will ...

Polymarket’s decentralized forecasting has caught Wall Street’s eye. The New York Stock Exchange’s parent, Intercontinental Exchange (NYSE:ICE), made a headline-grabbing US$2 billion investment last ...

Farran Powell is the managing editor of investing at Forbes Advisor. She was previously the assistant managing editor of investing at U.S. News & World Report. Her work has appeared in numerous ...

In late 2024, prediction markets seemed poised to take over the world. Thanks to a big win in a court case against the Commodity Futures Trading Commission, prediction-market company Kalshi was able ...