About 90% of Kalshi's volume has come from sports contracts in recent months. In late 2024, prediction markets seemed poised to take over the world. Thanks to a big win in a court case against the ...

The prediction market Kalshi suspended three political candidates from its platform on Wednesday for “political insider trading” after an internal probe found that they bet on their own campaigns.

Prediction markets have gone from a niche internet product to mainstream surprisingly quickly. The idea is simple: you put real money behind your forecast on a real-world event — who wins the election ...