$400,000 payout after Maduro’s capture puts prediction markets in the spotlight

0,000 payout after Maduro’s capture puts prediction markets in the spotlight

Prediction markets allow people to bet on everything from a basketball game to the outcome of a presidential election — and recently, the fall of former Venezuelan president Nicolás Maduro. The latter is attracting renewed attention in this murky world of 24/7 speculative trading. Last week, an anonymous trader pocketed more than $400,000 after betting … Read more

The 20-something billionaires ushering in a gambling bonanza in Trump’s Washington

The 20-something billionaires ushering in a gambling bonanza in Trump’s Washington

Wall Street’s newest wizards faced the full force of the federal government a year ago. Now, with President Donald Trump at the helm, Shayne Coplan and Tarek Mansour — the scruffy-haired, 20-something billionaires behind betting platforms Polymarket and Kalshi — are big. Coplan’s Polymarket is returning to the US, a year after federal agents raided … Read more