A federal regulator said he's coming for insider traders in prediction markets

Tech Insider : Business, Crypto, Sports
A Kalshi advertisement on a bus shelter

Bloomberg/Getty Images

Here are the 7 ways lawmakers are trying to tackle the prediction market boom

Tech Insider : Politics, Business, Sports
Capitol dome
From banning lawmakers from using Polymarket and Kalshi, to getting rid of sports trades, to everything in between, lawmakers have a variety of proposals for prediction markets.

J. David Ake/Getty Images

AOC draws parallel between prediction markets and Big Tobacco, floats advertising ban

Tech Insider : Politics, Business, Sports
Rep. Alexandria Ocasio-Cortez
"I think there's a lot of things that we can learn from regulation of the tobacco industry that we can apply here," Ocasio-Cortez said of prediction markets.

Annette Riedl/picture alliance via Getty Images

Kalshi says it will crack down on politicians and athletes betting

Tech Insider : Business, Politics, Sports
In this photo illustration, the Kalshi online betting app logo is seen displayed on a smartphone screen.
Kalshi says it will crack down on politicians and athletes betting on its markets.

Illustration by Davide Bonaldo/SOPA Images/LightRocket via Getty Images

Kalshi cofounders' favorite users include 'this guy who lives in Kansas' who is their best inflation forecaster

Tech Insider : Business
Tarek Mansour speaks during an event
Kalshi CEO Tarek Mansour

Marco Bello/Reuters

From Andreessen to Altman, tech's big dogs know the wildest take wins

Tech Insider : Business, Environment, Sports
Marc Andreessen, Elon Musk, Sam Altman photo collage

Michael Kovac/Getty; Marc Piasecki/Getty; Justin Sullivan/Getty; Tyler Le/BI

Arizona files first state criminal charges against Kalshi, accusing it of illegal gambling

Tech Insider : Politics, Business, Sports
Arizona Attorney General Kris Mayes
Arizona Attorney General Kris Mayes said Kalshi is "running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law.

AP Photo/Darryl Webb

Betting on the Oscars or the Super Bowl halftime show would be banned under new prediction market bill

Tech Insider : Politics, Business, Style
Sen. Chris Murphy and Rep. Greg Casar
Sen. Chris Murphy and Rep. Greg Casar

Tom Williams/CQ-Roll Call, Inc via Getty Images; Aaron Schwartz/Getty Images

Kalshi and Polymarket correctly predicted 19 out of 24 Oscar winners. Here are the ones they missed.

Tech Insider : Business
The Oscars ceremony on March 15
In five categories, the film favored by traders on Kalshi and Polymarket ultimately did not win the Oscar.

Richard Harbaugh/Bill Barnes/The Academy/Getty Images

Kevin O'Leary supports his 'Marty Supreme' costar Timothée Chalamet so much, he bet $1,000 on Kalshi that he'd win an Oscar

Tech Insider : Business
Kevin O'Leary with a card chain around his chest
Kevin O'Leary.

Ser Baffo/Getty Images

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