Prediction markets such as Polymarket and Kalshi let users win money by correctly guessing the outcome of practically any ...

Economists have noticed that betting markets like Kalshi and Polymarket are pretty good at predicting not just political ...

Prediction markets are overseen by the Commodity Futures Trading Commission, while sports gambling falls under the ...

When we set our expectations and operate based on the sequence of events that unfolded the last time a similar situation has occurred, we surrender to history.

After attracting $3.7 billion in new capital and minting young billionaires at Polymarket and Kalshi, prediction market startups are all the rage, especially for recent college graduates.

The Iowa Electronic Markets paved the way for prediction market companies, like Kalshi and Polymarket, that have ballooned into a multibillion-dollar industry ...

At the end of 2024, no AI had even managed to place 100th in one of the major competitions. But they have since vaulted up the leaderboards. AIs have already proved that they can make superhuman ...

Prediction markets entice enterprising nerds to make and lose fortunes by wagering on everything from politics to the weather. Here’s why they’re unstoppable—and only getting more powerful.