Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi

Prediction markets volition fto you stake connected conscionable astir anything, from however galore tweets Elon Musk volition station this week to the adjacent president of the United States, with predictions sometimes showing shockingly (or suspiciously) spot-on accuracy. Polymarket’s CEO Shayne Copland has adjacent claimed that prediction markets are “the astir close happening we person arsenic mankind close now.”

However, these platforms blur the lines — successful presumption of some relation and regularisation — betwixt gambling and banal trading. As Bloomberg’s Joe Weisenthal said on The Vergecast, “All of the lines betwixt trading, speculating, [and] gambling are conscionable being wholly torn apart.”

There are besides ethical concerns surfacing astir prediction markets, similar whether it’s acceptable to beryllium capable to spot a stake connected virtually everything, on with concerns astir insider trading. For instance, a newly-created Polymarket relationship made implicit $400,000 successful January betting connected the seizure of Venezuelan person Nicolás Maduro.

• Portugal orders Polymarket to unopen down.
• Blood for stonks
• Someone made a ton of wealth betting connected Maduro’s capture
• Kalshi and Polymarket support partnering with fake newsbreaker accounts connected X.
• Everything is gambling now
• Election nighttime astatine Kalshi HQ
• Here’s the $2,000 afloat AI-generated advertisement that aired during the NBA Finals
• Are prediction markets gambling? Robinhood CEO Vlad Tenev is betting not
• Polymarket softly raised much wealth earlier the FBI raided the CEO’s apartment.
• The FBI reportedly seized the telephone of Polymarket’s CEO.
• Why Robinhood’s CEO thinks prediction markets are present to stay
• Presidential betting level Kalshi loads up connected debt.
• Robinhood admits it’s conscionable a gambling app