A U.S. federal court has ruled that the founders of EmpiresX must pay over $130 million in fines for operating a fraudulent scheme.

The rise of prediction markets and their event contracts is creating a legal and regulatory tangle that may not be easy to sort out.

The CFTC says it has spotted "several key obstacles to balanced regulation of prediction markets," but the list that follows ...

Register with Kalshi promo code WTOP to grab a $10 bonus. Buy contracts on the Super Bowl winner and other outcomes on Sunday night.

CFTC plans to host a roundtable on refining regulations for prediction markets, potentially affecting platforms like Kalshi ...

Texas-based users are about to buy and trade contracts on the outcomes of various events, including the upcoming Super Bowl.

The U.S. Commodity Futures Trading Commission will convene a public roundtable to reassess its approach to prediction markets ...

The CFTC's roundtable review is expected to influence both centralized and blockchain-based prediction markets.

Daniel Martin Gallagher Jr., the Chief Legal Officer of Robinhood Markets Inc. (NASDAQ:HOOD), has sold 25,000 shares of the company's Class A common stock. The shares were sold at a weighted-average ...

Caroline Pham, the agency's acting chairman, is scheduling an experts roundtable to reset the CFTC's course on this "sinkhole ...

With the Eagles and Chiefs set to square off in just a few days, interest in the game from a wagering perspective has never ...