In 2022, a new financial asset hit the market: event contracts. Launched by groups like Kalshi and the Chicago Mercantile Exchange (CME), these contracts let investors trade predictions, not assets.

FanDuel will accept sports event contracts later this year, bringing the U.S. online gambling market share leader into a growing prediction market space in a move that could alter the nascent ...

Dan Berkovitz said event contracts should be for hedging or price discovery and is unsure if sports contracts meet Commodity ...

Forbes contributors publish independent expert analyses and insights. I write about legal issues in sports and gambling. Rule 40.11(a)(1) imposes a blanket ban on all event contracts involving “gaming ...

Robinhood has officially entered the world of prediction markets, adding to its wide range of investing options for customers. Through its Robinhood Derivatives platform, the company now offers event ...