Prediction markets such as Kalshi allow customers to bet on binary outcomes of future events. They have been able to bypass sports gambling bans in certain states by arguing that their regulatory ...

The explosive growth of Kalshi and Polymarket is putting pressure on a lot of traditional gambling markets. But is that growth really something you want to bet on?

Lawmakers continued to express mixed feelings about the burgeoning prediction markets industry. These platforms, such as ...

Dive into the weeds of our new Harris-Trump model. For 2024, 538 has built a new presidential election forecast model. This article explains how we did it: the ingredients that go into the forecast, ...

The head of the Commodity Futures Trading Commission said the agency has withdrawn a Biden-era proposal that called for prohibiting sports and politics-related wagers on prediction markets.

The startup’s platform will display bets from Kalshi and Polymarket.

Who won the Vice President candidates' debate depends on who you ask. If you ask a Democrat, the answer is likely Walz. If you ask a Republican, it’s Vance. But neither Vance’s or Walz’s debate ...