Prediction markets like Kalshi, which some liken to legalized gambling, allow investors to bet on reality. Here’s how they work and why they’re so controversial. Prediction markets let people trade on ...

Ms. Scanlon is the author of “In This Economy? How Money & Markets Really Work” and Kyla’s Newsletter. Prediction markets have exploded into mainstream American life. Platforms like Polymarket and ...

After hitting a multi-year high of $3.65 last year, XRP could be ready to break through the $4 price level this year. Ripple's $2.5 billion in blockchain-related acquisitions could create entirely new ...

Since the start of the artificial intelligence (AI) boom, investors have asked one question with each new year: Can Nvidia (NVDA 2.21%), the world's AI chip leader, deliver yet another year of ...

The Super Bowl is the biggest sports-betting event of the year, with Americans expected to set a record by wagering more than $1.5 billion on the big game. Now, for the first time, nearly everyone in ...

As Punxsutawney Phil prepares to make his 130th weather prediction over 138 years on Feb. 2, let’s look at the 129 times he’s made his forecast. The National Oceanic and Atmospheric Administration ...

U.S. prediction market operators have taken some legal and regulatory hits lately, as certain states take aim at what are technically federally overseen exchanges offering what looks a lot like sports ...

Not long ago, Nikshep Saravanan was deep in the crypto trenches — trading memecoins, reaching out to venture capitalists, and trying to launch a startup for digital creators. By January, he’d dropped ...

Oz the Mentalist has done some jaw-dropping things over the years in terms of predictions and perceived mind reading (which has led to some bets made on exact scores). And back in November, he visited ...

Traders on prediction platforms Kalshi and Polymarket are betting that the federal government will shut down this weekend. According to Kalshi’s market data, traders assign a 75% chance that the ...

The New England Patriots and Denver Broncos meet at Empower Field at Mile High for an NFL playoff game on Sunday afternoon with a trip to the Super Bowl at stake. If you're looking to make Patriots vs ...

Welcome to the era of the Polymarket sharp. Joel Holsinger made hundreds of dollars on Kalshi after correctly guessing which turkey President Trump would pardon last year.Credit...Oliver Farshi for ...