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Prediction markets are the latest in a long line of examples of how gambling innovation takes root in the gray areas. Major prediction markets are embroiled in lawsuits across the country, with some states like Arizona banning some operators altogether. State governments argue that the services are sidestepping necessary gambling licensing laws, while prediction markets […]
Louisiana is the latest state to take issue with prediction markets introducing sportsbooks. In a press release from the Louisiana Gaming Control Board (LGCB), it now views sporting event contracts and “certain other event contracts” as a violation of state gambling laws. This comes only days after the Washington State Gambling Commission issued a similar […]
As prediction markets offer contracts in more and more areas, are they starting to encroach on the role that opinion polls currently serve in politics? Pre-election polls are often referenced in the build-up to major elections, offering a flavor of the results that might be on the way. However, every political commentator will be quick […]
A new poll from the prediction market operator Kalshi shows that most Americans want access to prediction markets and would rather see them overseen by the federal government instead of state gambling regulators. The timing isn’t a coincidence. The results come at a time when gaming commissions in several states are debating whether these markets […]
A partnership with Polymarket will make MetaMask the first crypto wallet to integrate with a prediction market. Crypto wallet MetaMask has announced plans to integrate prediction markets into its services through a partnership with the prediction market. This comes after the company confirmed that it will launch a token as part of a wider move […]
Rithm Capital’s prospective purchase of Paramount Group is a stroke of faith in the strength of the Manhattan office market, which is where most of Paramount’s holdings are concentrated. The deal would give Rithm, a major force in commercial and residential credit and asset management, a significant, 13.1 million square-feet, bricks-and-mortar stake for the first […]
The logo of Robinhood Markets is seen at a pop-up event on Wall Street after the company’s initial public offering in New York City on July 29, 2021. Andrew Kelly | Reuters Robinhood announced Tuesday that the online broker is launching new prediction markets for professional and college-level football. Customers will now be able to […]
Westend61 | Westend61 | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. As the world’s rich have gotten richer, their investment firms have doubled down on private assets such […]
Housing inventory in a significant number of major metropolitan areas hit levels higher than they were before the COVID-19 pandemic, according to a new report from Realtor.com. The real estate marketplace said nearly half of America’s 50 largest metros had real estate markets whose number of active listings as of May had surpassed pre-pandemic levels. The ten […]
Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images JPMorgan Chase CEO Jamie Dimon said Monday that markets and central bankers […]
