The gambling industry has been actively voicing its concern about the encroachment of prediction markets on sports betting. Critics say prediction markets are little more but sports betting with some ...

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. An adult man at home, deeply focused on his smartphone, participates in the thrill ...

Prediction markets may grow in the years ahead. Here's the lowdown on how they work, their legal and tax status, and the risks of betting in them. Many, or all, of the products featured on this page ...

Discover the key differences between prediction markets and sports betting and learn how to get the most out of sites like Kalshi and Robinhood. Regulated sportsbooks in the United States have ...

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 ...

A fully automated trading bot executed 8,894 trades on short-term crypto prediction contracts and reportedly generated nearly $150,000 without human intervention. The strategy, described in a recent ...