This summer has seen interest in prediction betting markets Kalshi and Polymarket jump to the forefront of sports and popular ...

The prediction-market industry has a lot of reasons to be optimistic right now. It’s growing extremely quickly, multiplying many times in size since last year by drawing in new users. Kalshi just ...

Prediction markets are financial exchanges that allow people to trade on the outcomes of future events, from election results to baseball games to the subject of an Elon Musk tweet. Part forecasting ...

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Billions of dollars are changing hands each week on prediction markets, sites whose ...

The explosion of sports prediction markets is undeniable. There are typically thousands of trades available daily on prediction market platforms, with sports offerings that go beyond predicting which ...

Hersh Shefrin is a faculty scholar with the Markkula Center for Applied Ethics and he holds the Mario Belotti Chair in the Department of Finance at Santa Clara University's Leavey School of Business.

Disclaimer: This article is intended for US audiences. Over the past two years, prediction markets have started appearing more often across social media, financial coverage, and political discussions.

Use our exclusive Polymarket promo code CBSSPORTS for a $20 bonus after a $10 deposit. Trade on markets like MLB games ...

Concern over insider trading risk tied to prediction markets is prompting companies to update their policies aimed at protecting their business and employees, legal experts say. Several companies, ...