Where do prediction markets stand legally?

Where do prediction markets stand legally?

Prediction markets are moving from the fringe into the mainstream. They have been satirized on South Park, made founders wealthy through venture funding, and even triggered controversy after a Nobel Prize leak. The two leaders in the space are Kalshi, a regulated U.S. exchange that settles contracts in dollars, and Polymarket, a decentralized crypto-based platform built on Polygon. Together they saw record trading volume of $1.44 billion in Sept…

Top Prediction Market Platforms To Use In 2025

Prediction markets are going mainstream. They were once a niche corner of crypto and academic forecasting, but the apps are now getting real traction thanks to better design, simplified trading, and by becoming part of pop culture: from South Park to NFL markets on Robinhood. Unlike sportsbooks, prediction markets let users buy and sell “Yes” or “No” contracts on real-world events, basically like a stock market for future outcomes. The price of …