Several states already sent cease-and-desist letters to platforms such as Kalshi that offer sports prediction contracts, arguing they are simply outlets for unlicensed sports betting. The launch of ...

Bookmaker DraftKings Inc. has withdrawn an application for a license to sell derivatives in a sign of the gambling industry’s ...

Contrary to Trump's assertion that Powell would leave if asked, Powell, a former private equity investor with enough ...

Prediction markets are the most polarising topic in gaming, and US trade groups are venting displeasure with their entry into sports betting.

A DraftKings-connected company is no longer a pending member of the self-regulatory organization for the U.S. derivatives industry.

One of Robinhood’s greatest successes has been bringing financial management to ordinary people. However, that accomplishment ...

The US legal market has been besieged by a dual threat from illegal sweeps and unregulated prediction markets, according to the panelists.

Four people, including two women, were killed and several others injured in a head-on collision between a truck and a pickup ...