Nick Devor

The crypto exchange’s chief legal officer says prediction markets aren’t subject to state gambling regulations.

“The impact has been mostly positive,” Kalshi CEO Tarek Mansour said of lawsuits challenging the firm’s prediction contracts.

Kalshi and Polymarket announced new measures to curb insider trading risks, though some critics view them as insufficient.

Kalshi says a new partnership with Fidelity Information Services will help institutional traders trade on the firm’s prediction markets.

DraftKings, Flutter, and MGM shares were rising after a bipartisan group of U.S. senators sought to crack down on sports betting through prediction markets.

Major League Baseball is the latest sports league to partner with a prediction market.

U.S. lawmakers have introduced five separate bills related to prediction markets. Legal experts say the reforms are unlikely to work.

Prediction markets on Kalshi and Polymarket correctly predicted most Academy Award winners, as trading volume tied to the Oscars surged.

The world’s largest bank is trying to get a handle on the fast-growing world of prediction markets, where regulation is still taking shape.

Luana Lopes Lara is co-founder and chief operating officer of Kalshi.

An advisory letter is the regulator’s first comprehensive guidance to prediction markets on sports-related trades.

Monthly trading volume on Kalshi hit $10.4 billion in February, a record for the company, and the firm is set to outperform that number this month.

Kalshi’s rules exclude death as a factor in resolving event contracts, meaning more than $50 million worth of trades were halted after the Iranian leader was killed over the weekend.

Polymarket’s social-media account has repeatedly identified signs of insider trading on its prediction-market platform. It isn’t clear what happens next.

Staff departures at the Commodity Futures Trading Commission represent “a significant weakening” of enforcement, says a group of senators.

Sweetgreen rolls out wraps as same-store sales are expected to fall and shares remain below IPO highs.

CEO Peter Jackson told Barron’s that a somewhat boring NFL season was one reason for the weaker-than-expected results.

The company said sales for the quarter were $1.989 billion with earnings per share coming in at $0.36.

The CFTC recently lost the last enforcement attorney at its flagship Chicago office. Multiple U.S. senators say the downsizing could hurt consumers.

The CFTC’s Chicago office, once home to its top market enforcers, has gone from about 20 trial lawyers to none.