Prediction markets like Kalshi and Polymarket have risen to fame in recent years. These companies offer bet-like predictions on everything from the outcome of a political election to the number of ...

Senators Adam Schiff (D-Calif.) and John Curtis (R-Utah) introduced the "Prediction Markets Are Gambling Act" on Monday. Théo MARIE-COURTOIS / Getty Images After two United States senators introduced ...

The political battle over sports betting on prediction markets is heating up as professional leagues dive deeper into the national gambling frenzy. Lawmakers in both parties are attempting to stifle ...

(NEXSTAR) – As sports betting continues to grow in the U.S., one large aspect of the industry could take a hit under a new bipartisan bill. Introduced by Sens. Adam Schiff (D-Calif.) and John Curtis ...

A bill introduced in the Senate on Monday would ban prediction markets like Kalshi and Polymarket from accepting or listing transactions related to sports events and casino-style games. Subscribe to ...

The Trump administration is suing Arizona, Connecticut, and Illinois over the states’ efforts to regulate prediction markets. In the latest escalation of the legal battle over the future of sports ...

FanDuel has built a large and growing business with its sports betting app, becoming the largest online sportsbook in the United States. But online sports gambling remains illegal in many states, ...