You know that cliché in movies when the camera zooms in on a character who says, “It’s coming,” before someone else dramatically replies, “It’s already here”? Prediction markets are a bit like that in ...

Journalist Jo Ling Kent joined CBS News in July 2023 as the senior business and technology correspondent for CBS News. Kent has more than 15 years of experience covering the intersection of technology ...

People are now betting on everything. Prediction markets are amplifying those signals. The timing of the U.S. government shutdown. The likelihood of Taylor Swift canceling a tour date. The exact day ...

Prediction markets have grown rapidly, enabling wagers on a variety of subjects, including politics and sports. Their rise has not gone unopposed. Prediction markets have surged, especially post-2024 ...

Prediction markets function like stock markets for questions, where prices reflect the crowd’s odds on real-world events. Platforms like Polymarket and Kalshi enable users to trade on crypto, politics ...

The gambling industry has been actively voicing its concern about the encroachment of prediction markets on sports betting. Critics say prediction markets are little more but sports betting with some ...

The fund-raising effort, the company’s third this year, values it at $11 billion, and comes amid stiff competition in the increasingly popular industry. By Michael J. de la Merced The surging ...