The prediction market bubble is already here

Tech Insider : Economy, Business, Crypto
A football-shaped balloon and a money-shaped balloon floating with a hand holding a needle, almost popping.

Getty Images; Alyssa Powell/BI

Giannis Antetokounmpo invests in Kalshi, a day after fans traded over $23 million on his NBA future

Tech Insider : Sports, Business
Giannis Antetokounmpo
Giannis Antetokounmpo is a Kalshi shareholder.

John Fisher/Getty Images

Prediction markets are booming. Some lawmakers are betting against them.

Tech Insider : Politics, Business, Sports
Sen. Chris Murphy of Connecticut
Sen. Chris Murphy of Connecticut is among the lawmakers sounding a note of deep skepticism about prediction markets.

Nathan Posner/Anadolu via Getty Images

The long line for Kalshi's free groceries taught me people care more about affordability than prediction markets

Tech Insider : Economy, Business, Crypto
Henry Chandonnet is pictured in Kalshi's grocery store.
Excuse my beet-red face. It just braved almost two hours waiting in a freezing cold line.

Henry Chandonnet/Business Insider

The dueling 'free grocery' stunts from Polymarket and Kalshi in NYC

Tech Insider : Economy, Business
A rendering of what Polymarket says will be a free grocery pop-up in New York.
A rendering of what Polymarket says will be a free grocery pop-up in New York.

Polymarket

The sole federal regulator over prediction markets says it's easing off

Tech Insider : Business, Crypto, Sports
CFTC chairman Michael Selig, wearing glasses in a blue suit, speaking into a microphone.
CFTC chairman Michael Selig

Andrew Harnik/Getty Images

Prediction markets group begins 7-figure PR blitz after suspicious Maduro trade sparks insider-trading concerns

Tech Insider : Business, Sports
Kalshi billboard in Manhattan
The Coalition for Prediction Markets' members include platforms such as Kalshi, Coinbase, and Robinhood.

AP Photo/Olga Fedorova

How hedge funds are tapping prediction markets and their data for an edge

Tech Insider : Business, Sports
Polymarket CEO Shayne Coplan said the company has been cleared for a US launch.
Polymarket CEO Shayne Coplan said the company has been cleared for a US launch.

Eugene Gologursky/Getty Images for The New York Times

You can bet on how much snow will fall in New York City this weekend

Tech Insider : Business, Sports, Travel
Two men return to their home after buying shovels from a store in Silver Spring, Maryland, on February 6, 2010. A blizzard packing strong winds and heavy snowfall pounded the US capital and surrounding areas on February 6, killing at least two people and paralyzing parts of the region.

A well-timed Maduro bet on Polymarket paid out big. A new bill would keep government insiders out.

Tech Insider : Politics, Economy, Business
Rep. Ritchie Torres
Rep. Ritchie Torres

Alex Wong/Getty Images

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