The guy who runs a website for degenerate gamblers is in trouble after allegedly letting the wrong people play.

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

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

Prediction markets like Kalshi beat pollsters in forecasting the 2024 US election. Mansour now says financial marketplaces ...

Users holding Trump contracts stand to receive $1 per contract upon settlement, which could be as early as this week for ...

Prediction markets, which surged to prominence during the presidential campaign, started reflecting a likely Trump win ...

For weeks leading up to the contest, prediction websites were cited—and often questioned—for showing the former president as a heavy favorite over Kamala Harris, even as poll after poll pegged it as a ...

Long prohibited by regulators, U.S. forecasting sites recently won the right to offer bets on national elections—a liberty Trump is unlikely to roll back after the bettors backed him to win.

Nearly $5 billion in bets have been placed on the outcome of the presidential election across Polymarket and Kalshi.

These markets … are the best mechanism to get more truth about who’s actually going to win,” says Kalshi co-founder Tarek ...

Tarek Mansour, founder of Kalshi added, “As the first and largest regulated prediction market, Kalshi's vision is to bring this asset class mainstream. We are excited to partner with FOREX.com ...

The CEO of Kalshi, Tarek Mansour, told the outlet and referred to his election market as a “mechanism for truth,” indicating ...