Search Results for "Prediction Market"
Polymarket Bloodbath: 69% of Retail Traders Lose $338.9M, Galaxy Research Reveals
A Galaxy Research study of 2.9 million human-paced Polymarket accounts found that over 69% of retail traders finished below break-even, with aggregate losses of $338.9 million. The analysis also revea…
Mormon Leader Decries Explosion in Sports Gambling, Prediction Markets
A leader of the Church of Jesus Christ of Latter-day Saints says an explosion in online prediction markets and sports betting is fostering greed among young people. D.
New York’s Polymarket Fight Tests Sports Betting Taxes
New York has moved to sue Polymarket as prediction markets offer sports contracts outside the state’s sportsbook tax framework, raising questions about a gambling-tax base worth more than $1 billion a…
Victor Wembanyama Said No to Gambling Money. in Today’s Nba, That Feels Radical
As LeBron James and other NBA stars wholeheartedly embrace the murk of betting and prediction markets, the San Antonio Spurs’ 22-year-old cornerstone has drawn a refreshing lineIf the song from LeBron…
Operators Face Unsettled Rules As Prediction-market Scrutiny Widens
The Supreme Court is weighing petitions involving prediction markets as the House Oversight Committee expands an insider-trading inquiry and the CFTC reportedly reviews promotional programs, putting o…
CFTC Sends White House New Rules to Cement Its Grip on Prediction Markets
The two proposals would define event contracts as "swaps" while excluding "casino-style gambling products"—a bid to cement the agency's exclusive jurisdiction as states sue prediction-market operators…
U.s. CFTC Seeks Event Contract Definitions That May Defy States' Gambling Claims
As it battles with states over prediction markets, the CFTC sent two related rules on swaps definitions for White House review. Stakeholders assess operational and strategic impacts following recent d…
MGM Declines Prediction Markets As Casino Chiefs Flag License Risks
Wynn Resorts’ Craig Billings, MGM Resorts International’s Bill Hornbuckle and Caesars Entertainment’s Tom Reeg used their G2E main-stage discussion to challenge the growth of prediction markets and de…
Dkex Trails Rivals As Draftkings Plans More Prediction-market Investment
DraftKings plans to invest more in its DKeX prediction market, where Bernstein estimates consumer trading volume could reach $1 billion by December, even as Kalshi led reported NFL opening-week sports…
Polymarket's $50 Sign-Up Bonus Hits Phillies vs. Braves NL Wild Card Game 1
Polymarket is offering a $50 sign-up bonus for new users who register with the promo code ACTION and bet on the Phillies vs. Braves NL Wild Card Game 1 at 2 p.m. ET on NBC. The promotion highlights th…
A New Safety Push Puts Prediction Markets Under Scrutiny
Sen. Richard Blumenthal (D-CT) and Rep.
Stock Bets Put Prediction Markets Under Fresh Regulatory Scrutiny
Polymarket International and Kalshi have pushed their event-contract platforms deeper into stock-linked and corporate-metric wagers, with Polymarket traders placing more than $220 million across rough…