Arrests for betting on the U.S. military operation that removed Venezuelan leader Nicolás Maduro. Death threats from gamblers to a journalist reporting on an Iranian missile attack on Israel. Fears of ...

Prediction markets are financial exchanges that allow people to trade on the outcomes of future events, from election results to baseball games to the subject of an Elon Musk tweet. Part forecasting ...

Discover the key differences between prediction markets and sports betting and learn how to get the most out of sites like Kalshi and Robinhood. Regulated sportsbooks in the United States have ...

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. Prediction markets have taken the U.S. by storm with over $50 billion in trading ...