Senators are calling for new legislation after millions of dollars in bets were placed on prediction market sites tied to U.S. air strikes on Iran and the death of the country's supreme leader.

Polymarket and Kalshi promise the wisdom of the crowds. They deliver something very different.

Estimating things that exist is generally easy, but when it comes to estimating things that do not exist, it's more difficult. This is something physicists from Poland and the UK are well aware of. To ...

That’s a far cry from Polymarket’s original prediction, which was an outright victory for Paxton in the first round of voting ...

An account trading under the username “Magamyman” made more than $553,000 placing bets on the prediction market Polymarket ...

What if staying alive depends on minimizing surprise? The Free Energy Principle suggests that feeling itself may be what that process is like from the inside.

The duo sees their work with the Coalition for Prediction Markets as a “natural” next step. The coalition — which includes Kalshi, Crypto.com, Coinbase, Robinhood and Underdog — aims to be a unified ...

The Storm Prediction Center has officially rolled out its new way of communicating intensity regarding tornado, damaging wind ...

Most overnight sensations take years to build. Kalshi is no exception. The company was founded in 2018 by Tarek Mansour and Luana Lopes Lara, two MIT graduates ...

Prediction markets are hot right now, as noted above. Polymarket is most likely considering an IPO, and it is highly likely ...

Prediction markets hit the mainstream in the U.S. in 2025 as the two global leaders, Kalshi and Polymarket, started offering predictions on sports events last year. But it is the sports events market ...

In recent years, however, large parts of the crypto industry have moved in the opposite direction. Startups building products for broader audiences have reintroduced various vectors of centralization, ...