Researchers warn betting on clinical trials could incentivize insider trading and interfere with drug development. But Kalshi and Polymarket say they provide valuable information to patients.

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Kalshi says there is a chance that Bryson DeChambeau and Jon Rahm leave LIV Golf.

Last week, the New York Attorney General’s office sued the prediction market Kalshi for operating an illegal gambling platform. In a joint statement announcing the action, Governor Kathy Hochul and Attorney General Letitia James were uncompromising,

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Kalshi argues the Commodity Exchange Act gives exclusive jurisdiction to the U.S. Commodity Futures Trading Commission to regulate the sort of prediction market exchange Kalshi operates.

Lauris Zminsky says "a lot of young people are embracing lottery-ticket economics" — but his new project with Kalshi is totally separate from that.

State regulators taking aim at prediction markets for regulation isn’t new, but according to Kalshi, what is new is New York singling out its business as an “illegal gambling operation” for much of the same wagering that can be found on just about every similar platform,