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 Mike Tyson vs. Jake Paul, here are some of the most popular bets now that the election is ...

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

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

The basic theory behind prediction markets is that a lot of people with money on the line can better predict an outcome than ...

Prediction markets, exchange-traded markets where participants can bet on the outcomes of future events, failed to provide ...

Polymarket and Kalshi were big winners of the election. But can they maintain their momentum until 2028?

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

This was a breakout election cycle for election wagering. And this time, betting markets knew something traditional ...

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions ...

The public opinion polls said Tuesday’s presidential election would be a nailbiter. But it looked a lot different at online prediction markets where people bet real money on the outcome. Markets such ...

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