Nick Devor

Prediction-market Kalshi named Sudhir Jain, a well-connected former regulator, as its chief compliance officer.

DraftKings shares fall after the company reports first-quarter earnings.

New internal guidelines stop short of a ban, potentially allowing employees to trade on prediction markets involving the company itself.

Gambling firm Flutter reported better-than-expected results late Wednesday, though the company lowered its outlook for the full year amid rising costs.

The CFTC has enforced so-called know-your-customer rules under previous administrations.

Polymarket traders are betting big money on long-shot presidential candidates like Musk and Zohran Mamdani. Both are constitutionally prohibited from the presidency.

Prediction market Kalshi is expanding its commodity offerings, including natural gas and wheat.

Kalshi and Polymarket say their sports bets are allowed under federal law. States argue otherwise. The designer of the law is weighing in.

It’s the latest escalation of the legal battle over the future of sports prediction markets.

UConn’s upset over Duke highlights how sportsbook profits rise when favorites lose, offering a potential boost for companies like DraftKings and Flutter Entertainment.

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.