Commodity Futures Trading Commission Chairman Michael Selig said the agency has filed an amicus brief in federal court to assert its authority over prediction market enforcement and regulation. The ...

A message Tuesday from CFTC Chair Mike Selig prompted both fans and critics of prediction to sound off on the agency's defending the burgeoning business. The debate around which regulators have ...

The Commodity Futures Trading Commission (CFTC) is stepping in to stop what it calls an “onslaught” of state-level regulation of prediction markets. CFTC Chairman Michael Selig said Tuesday in a video ...

As prediction market platforms like Polymarket and Kalshi battle regulators in court, Senate Democrats are urging the CFTC to avoid weighing in, escalating a broader fight over the burgeoning industry ...

Journal Editorial Report: The week's best and worst from Kim Strassel, Bill McGurn, Allysia Finley and Dan Henninger. Photo: Stefano Costantino/SOPA Images/ZUMA Press/Jim West/Zuma Press/U.S. FDA via ...

That was the estimated weekly trading volume on prediction-market platforms Polymarket and Kalshi last week, according to a team of analysts at Piper Sandler. It’s a new record. Prediction markets got ...

Utah Gov. Spencer Cox (R) ripped a top Trump administration regulator Tuesday over its push to defeat state efforts to regulate prediction markets. In a Tuesday post on social media, Cox criticized ...

The casino industry is on fire. Last year, Nevada gaming companies finished with an enormous 352 percent year-over-year revenue increase on sports bets. So why the sour grapes when it comes to ...

Can love beat the odds? Prediction markets are taking bets this Valentine's Day that celebrity relationships can thrive — or break apart. By wagering money, bettors are setting the odds on the amorous ...

New York City shoppers lined up in Greenwich Village on Thursday for the grand opening of The Polymarket, a free grocery store. The market — perhaps a nod to New York mayor Zohran Mamdani's proposed ...

NEW YORK (AP) — The Trump administration is throwing its support behind the prediction market operators Kalshi and Polymarket in a critical legal battle between the growing prediction market industry ...

Platforms that let you bet on the outcomes of future events have seen explosive growth recently. Economics correspondent Paul Solman explains how these prediction markets work and why they’re so ...