The political fight over prediction markets is heating up

Tech Insider : Politics, Business, Sports
CFTC Chairman Michael Selig
CFTC Chairman Michael Selig is siding with prediction markets in their ongoing legal battles with state regulators.

Andrew Harnik/Getty Images

Nevada sues Kalshi as federal regulators say back off

Tech Insider : Business, Sports
Kalshi's website viewed through a magnifying glass.
Kalshi's website

Thomas Fuller/NurPhoto via Getty Images

I visited Polymarket's free grocery store. It was more impressive than Kalshi's similar stunt.

Tech Insider : Business, Crypto, Economy
Henry Chandonnet is pictured in front of The Polymarket.
The Polymarket is occupying a West Village building for five days.

Henry Chandonnet/Business Insider

Kalshi built a team to crack down on insider trading, while its CEO struggles to define it on live TV

Tech Insider : Business, Crypto, Sports
Kalshi CEO Tarek Mansour, in a black hoodie and glasses, gesticulates while speaking in front of a brightly colored stage backdrop
Kalshi CEO Tarek Mansour

Diarmuid Greene/Sportsfile for Web Summit via Getty Images

Robinhood's CEO says we're on the cusp of a 'prediction market supercycle'

Tech Insider : Business, Crypto, Sports
Vlad Tenev
Vlad Tenev said that prediction markets are about to see a supercycle.

Steve Granitz/FilmMagic

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.

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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

A stealth prediction markets startup has deep ties to Interactive Brokers' billionaire chairman Thomas Peterffy

Tech Insider : Business, Crypto
Thomas Peterffy, a gray-haired man in a suit and glasses, photographed from below at a podium.
Thomas Peterffy

ERIC PIERMONT/AFP via Getty Images

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