Bipartisan senators push bill to ban sports prediction markets Suswati Basu A group of U.S. senators from both parties is targeting sports-related prediction markets, introducing a bipartisan bill that would outlaw the contracts altogether. The move ramps up an ongoing clash over whether these platforms function as legitimate financial tools or simply unregulated … Continue reading Bipartisan senators push bill to ban sports prediction markets
MLB and CFTC strike integrity pact as league taps Polymarket for prediction markets Suswati Basu Major League Baseball (MLB) has teamed up with the US Commodity Futures Trading Commission (CFTC) in a new effort to keep a close watch on the booming world of sports prediction markets, according to a release from the … Continue reading MLB and CFTC strike integrity pact as league taps Polymarket for prediction markets
Polymarket opens Washington bar for watching geopolitics markets and breaking news Suswati Basu Polymarket is known for turning world news into tradable probabilities, but now it is trying something similar in the physical world. The prediction market says it is opening a Washington, D.C., bar called “The Situation Room,” a venue built for … Continue reading Polymarket opens Washington bar for watching geopolitics markets and breaking news
US lawmakers propose ban on death betting prediction markets Suswati Basu Members of Congress are moving to block a controversial corner of the prediction market industry by introducing legislation that would outlaw betting contracts tied to violence or death. The proposal, called the “Discouraging Exploitative Assassination, Tragedy, and Harm Betting in Event Trading … Continue reading US lawmakers propose ban on death betting prediction markets
Jake Paul’s Betr partners with Polymarket to launch prediction markets inside app Suswati Basu Jake Paul’s betting platform Betr is getting ready to add prediction markets to its growing list of gaming products through a new partnership with Polymarket. The deal sets the stage for users to begin trading contracts tied to real-world … Continue reading Jake Paul’s Betr partners with Polymarket to launch prediction markets inside app
CFTC signals new guidance for prediction markets as legal fight with states intensifies Suswati Basu News Editor The U.S. derivatives regulator is preparing new guidance and a formal rulemaking process for prediction markets, as the debate over whether such platforms resemble financial exchanges or gambling continues to escalate. Speaking at a Milken Institute event, … Continue reading CFTC signals new guidance for prediction markets as legal fight with states intensifies
From Trading Places to war markets: how insider trading slipped into prediction platforms Suswati Basu In the 1983 film Trading Places, two wealthy brothers set out to rig the commodities market by getting their hands on a secret government crop report. Eddie Murphy’s character uses that stolen preview to trade ahead of everyone … Continue reading From Trading Places to war markets: how insider trading slipped into prediction platforms
Flutter doubles down on prediction markets despite investor worries about growth Suswati Basu Flutter Entertainment is leaning harder into prediction markets, even as some investors question how much upside the move will really deliver. In its fourth quarter earnings letter to shareholders, the parent company of FanDuel made clear that it plans to … Continue reading Flutter doubles down on prediction markets despite investor worries about growth
The curious case of Michael Selig and his predictions about markets Suswati Basu If there is one thing you can predict with delight these days, it is that Michael S. Selig will write about prediction markets, whether on X or elsewhere, and that something about them will be a bit unpredictable. In … Continue reading The curious case of Michael Selig and his predictions about markets
Super Bowl LX 2026 on prediction markets: what to wager Rachael Davies Suswati Basu The Seattle Seahawks and New England Patriots will go head-to-head in Super Bowl LX, opening up plenty of opportunities to bet via prediction markets. For many, half of the fun of big sporting events like Super Bowl LX … Continue reading Super Bowl LX 2026 on prediction markets: what to wager
