Robinhood posted a record quarter driven by prediction markets, offsetting a crypto slump, as prediction market revenue surpassed stock trading revenue for the

A federal judge ruled that Utah's anti-gambling laws apply to Kalshi's sports event contracts, rejecting the exchange's argument that they are financial product

IG Group, a UK-based trading platform, is acquiring Underdog, a prediction markets operator, in a deal valued at up to $1.3 billion, signaling major institution

Polymarket is reportedly pursuing a valuation of $20 billion, reflecting explosive growth in prediction market volumes.

Novig has launched a federally regulated sports prediction market platform in 47 states via the Ludlow Exchange, one of the widest regulatory footprints for the

Genius Sports, the official data distributor for major sports leagues, signed a deal with Kalshi one day after announcing a similar agreement with Polymarket, e

Flutter is shifting all FanDuel Predicts sports and novelty contracts to Crypto.com as market making ramps up, and affirms its commitment to prediction markets

Flutter Entertainment announces Dan Taylor will succeed Peter Jackson as group CEO, a leadership change at the FanDuel parent.

DraftKings faces a second class action lawsuit over its DraftKings Predict product, as legal scrutiny of prediction market operators intensifies.

Atlantic City casino operators have petitioned the CFTC to ban prediction markets, arguing they amount to unlicensed sports betting that threatens regulated gam

Major Wall Street banks JPMorgan and Goldman Sachs are exploring entry into prediction markets, signaling institutional validation of the asset class.

ProphetX and EPICK Fantasy are teaming up to bring CFTC-regulated sports prediction markets to the peer-to-peer fantasy sports space.

Kalshi selected compliance tech firm Solidus as its Futures Commission Merchant after recording $31 billion in monthly volume, and separately partnered with a f

A federal judge denied the CFTC's attempt to intervene and halt New York state's case against Kalshi over whether its contracts constitute illegal gambling.

TS Imagine, an institutional risk and trading platform, has integrated prediction market probabilities, bringing market-based probabilities to professional trad

Prediction markets have proven accurate on Fed rate decisions but now face the harder test of scaling and regulatory acceptance.

Robinhood launched a second venture fund of $200 million targeting Y Combinator startups, expanding its investment reach beyond its core trading platform.

Robinhood obtained UK crypto registration with the FCA ahead of new crypto regulations taking effect, allowing it to continue offering crypto services in Britai