In 2022, a new financial asset hit the market: event contracts. Launched by groups like Kalshi and the Chicago Mercantile Exchange (CME), these contracts let investors trade predictions, not assets.

FanDuel will accept sports event contracts later this year, bringing the U.S. online gambling market share leader into a growing prediction market space in a move that could alter the nascent ...

Forbes contributors publish independent expert analyses and insights. I write about legal issues in sports and gambling. Rule 40.11(a)(1) imposes a blanket ban on all event contracts involving “gaming ...

Robinhood has officially entered the world of prediction markets, adding to its wide range of investing options for customers. Through its Robinhood Derivatives platform, the company now offers event ...

Kalshi has expanded its combo event contracts, boosting parlay-style payouts and its first-mover advantage as sportsbooks race to catch up amid legal scrutiny. Kalshi expanded its combo event ...