Several states already sent cease-and-desist letters to platforms such as Kalshi that offer sports prediction contracts, arguing they are simply outlets for unlicensed sports betting. The launch of ...

The CEO of Kalshi says the prediction markets exchange should not be treated as a gambling operation, in part because the U.S ...

Bookmaker DraftKings Inc. has withdrawn an application for a license to sell derivatives in a sign of the gambling industry’s ...

The CEO of MGM Resorts argued vehemently on Tuesday that gambling should be reserved as a states' rights issue ahead of a ...

Prediction markets are the most polarising topic in gaming, and US trade groups are venting displeasure with their entry into sports betting.

A DraftKings-connected company is no longer a pending member of the self-regulatory organization for the U.S. derivatives industry.

Tennessee has begun to wrestle with the prediction markets, as it weighs up allowing them to operate in the state legally.

Four people, including two women, were killed and several others injured in a head-on collision between a truck and a pickup ...