Billions of dollars are trading hands on sites like Polymarket and Kalshi, where people bet on everything from Taylor Swift’s wedding date to election outcomes.

Abivax ( ABVX +0.26%), a France-based biotech, saw its shares skyrocket by more than 1,740% last year after it made significant progress with its leading pipeline drug candidate, obefazimod. However, the stock may not have peaked yet. There is a reason to believe the stock could soar another 72% this year.

Prediction market apps are thriving in Trump's second term, with traders betting on migrant deportations to election outcomes. A community of young, mostly male and very online traders are driving the industry's bonanza.

Prediction markets let people wager on anything from a basketball game to the outcome of a presidential election — and recently, the downfall of former Venezuelan President Nicolás Maduro.

Prediction markets are experiencing rapid growth, challenging traditional sportsbooks. According to New York state data, revenue from online sports wagering has plunged during the NFL playoff season,

A gambling research company says prediction markets could become a $1 trillion industry nationwide when fully mature, with $435 billion of that coming from contracts on sports outcomes. The battle between prediction markets and states that offer legal sports betting may not be resolved for months,

Traders in companies with ties to the president’s eldest son can bet on the outcome of events the president affects.

Prediction markets are becoming increasingly prominent across the United States, offering a new way for users to speculate on real-world events. Rather than placing traditional bets, traders buy and sell contracts tied to specific outcomes - from election ...

Coinbase is reportedly set to launch its own prediction markets with Kalshi, alongside potential tokenized stock offerings. Coinbase is reportedly preparing to launch its own prediction markets, powered by U.S.-based operator Kalshi, in a move that could ...

Prediction markets tallied over $700 million in trading volume on Monday, breaking the record set the day before despite an uptick in regulatory scrutiny of late.

With so-called "prediction markets" giving taxpayers new ways to place wagers on future events such as sports, elections, pop culture happenings and even the weather, the uncertainty isn't limited to the predictions — users are taking tax risks as well.

SportsLine expert Bruce Marshall has revealed his picks for the Houston Texans vs. New England Patriots in the NFL divisional round on Sunday