Event contracts give markets a way to price in an uncertain future, says Interactive Brokers founder Thomas Peterffy.

From the next James Bond actor to the Mike Tyson vs. Jake Paul boxing match winner, here's what people are betting on.

“Financial markets are generally pretty efficient, and the evidence suggests that the same is true of prediction markets,” ...

History suggests the platforms have flourished during U.S. presidential elections, then struggled afterward.

A week before the election, the company announced that its first-ever prediction market would be for the presidential race ...

Prediction markets have “enormous” growth potential, Thomas Peterffy, the billionaire founder of the retail brokerage ...

Race to a Billion brings an exciting twist to the Web3 gaming space by combining AI-powered meme racing with prediction ...

"This is the dawn of a new era for prediction markets," Kalshi's founder said. Betting markets called Trump's win weeks ...

Shayne Coplan and the crypto-based prediction markets appeared to steal a march on traditional pollsters, calling it early ...

The FBI raided the home of Polymarket CEO Shayne Coplan on Wednesday morning and seized his electronics, a company ...

Polymarket's success predicting the 2024 presidential contest winner has sparked "political retribution," according to a new ...

Billions of dollars were staked on the election on prediction markets like Polymarket and Kalshi, with betting now open on ...