Prediction Markets Tax Benefits That May Be Built Into The Tax Code

Prediction markets like Kalshi and Underdog may offer significant tax advantages over sports betting under the IRS 60/40 rule ...

In 2024, prediction markets called the presidential election before the polls could. Now, they're mostly betting on sports.

In late 2024, prediction markets seemed poised to take over the world. Thanks to a big win in a court case against the Commodity Futures Trading Commission, prediction-market company Kalshi was able ...

Traders bet £6bn against pound in snub to Chancellor

Sentiment against the currency is now even more negative among investors than it was before the mini-Budget during the Liz ...
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DraftKings steps into regulated prediction markets

Dubai DraftKings has entered the fast-growing arena of regulated prediction markets with the launch of a new app offering event-based contracts tied to real-world outcomes, marking a notable expansion ...