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Sens. Jeff Merkley, D-Ore., Elizabeth Warren, D-Mass., and Rep. Jamie Raskin, D-Md., on Thursday introduced legislation to ban prediction market bets on sports, war, elections and government actions.

When Troy Dixon first suggested incorporating prediction markets into the electronic trading platform where he works, he was met with incredulity. “People told us we were crazy,” Dixon, Tradeweb’s ...

After taking down Cal Baptist in the first round of the NCAA Tournament, Kansas and St. John's are set to compete for a spot in the Sweet 16 tomorrow in a legendary coaching matchup between Bill Self ...

Prediction markets have adopted the vocabulary of finance and the mechanics of gambling. That combination has proven very difficult to regulate, in part because it sits between two established ...

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(NEXSTAR) – As sports betting continues to grow in the U.S., one large aspect of the industry could take a hit under a new bipartisan bill. Introduced by Sens. Adam Schiff (D-Calif.) and John Curtis ...

The stock-market-timing indicator with the best long-term predictive record has just risen to its highest — and most bearish — level ever. I’m referring to the average U.S. household’s allocation to U ...

Sens. Adam Schiff (D-Calif.) and John Curtis (R-Utah) introduced a bill Monday that would ban prediction markets from listing sports bets or casino-style games on their platforms. The Prediction ...