Unless it’s repealed, a new tax provision capping the losses gamblers can deduct at 90% takes effect on Jan. 1, 2026. Meanwhile, prediction markets are rising in prominence. A potential...
FanDuel’s move into prediction markets is official, as Flutter Entertainment, the sports betting operator’s parent company, and CME Group have announced the launch of the FanDuel...
While a bill has been filed in the New York State Assembly to restrict prediction markets on multiple fronts, Senator Joseph Addabbo’s support is critical to its passage. Assemblyman...
Prediction markets are dangerously blurring the line separating gambling and investing, Schwab CEO Rick Wurster cautioned this week. CFTC-approved prediction markets can certainly be used...
Brian Armstrong didn’t break the financial system. He didn’t crash Coinbase’s stock, he didn’t announce a surprise acquisition, and he didn’t reveal a new token launch. All he did...
As prediction markets rise in prominence, Polymarket CEO Shayne Coplan and Kalshi’s Tarek Mansour represented a new generation of financial exchanges on Monday’s SEC-CFTC joint...