How prediction markets evolved into sports gambling behemoths
Open interest in Kalshi sports contracts has surged past any other category as lawsuits threaten operations
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Prediction market Kalshi seeks US approval to offer margin trades
Initiative highlights rapid evolution of events betting from quaint origins offering wagers on Oscars and elections
Prediction markets: the hunt for the new ‘dumb money’
As new bettors flock to platforms such as Kalshi and Polymarket, some make easy prey for trading firms and professional gamblers
Betting on prediction markets has exploded over past two years
Value of bets soars from $100mn to $13bn a month
PredictIt wins US licence to expand betting offerings
Site known for bets on political predictions could soon create and host all manner of markets
The uses and abuses of prediction markets
Insider bets, low liquidity and regulatory gaps complicate efforts to turn wagers into financial tools
Prediction markets take a bigger bite of US sports gambling pie
DraftKings and Flutter shares slide as investors fret about threat posed by apps such as Kalshi