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.

Wintermute is moving into prediction markets as a liquidity provider, adding one of crypto’s largest trading firms to a sector that is quickly being pulled toward institutional ...

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 ...

Robinhood says over one billion event contracts were traded on its platform in the last six months alone. The company’s venture into prediction markets isn’t just a side hustle now. It’s a major ...

On Jan. 17, 2025, the United States Court of Appeals for the District of Columbia (D.C. Circuit) heard oral argument in KalshiEx v. CFTC. At issue is KalshiEx LLC’s (Kalshi) ability to list political ...