About 90% of Kalshi's volume has come from sports contracts in recent months. In late 2024, prediction markets seemed poised to take over the world. Thanks to a big win in a court case against the ...

Sens. Jeff Merkley, D-Ore., Elizabeth Warren, D-Mass., and Rep. Jamie Raskin, D-Md., on Thursday introduced legislation to ban prediction market bets on sports, war, elections and government actions.

The rise of prediction markets has put the sports‑betting sector on alert, as consumers increasingly turn to platforms like Kalshi, Polymarket, and Robinhood to wager on sports outcomes — along with ...