What are prediction markets and how do they actually work? We break down the basics, explain how odds translate to prices and cover the top platforms trading now.

Farran Powell is the managing editor of investing at Forbes Advisor. She was previously the assistant managing editor of investing at U.S. News & World Report. Her work has appeared in numerous ...

Prediction markets are moving into the mainstream, giving investors a new way to watch crowd expectations – and a risky way ...

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Billions of dollars are changing hands each week on prediction markets, sites whose ...

Prediction markets are financial exchanges that allow people to trade on the outcomes of future events, from election results to baseball games to the subject of an Elon Musk tweet. Part forecasting ...

How many times will Elon Musk post on X today? Will Donald Trump do anything this week? Hantavirus pandemic in 2026? Where will Taylor Swift and Travis Kelce’s wedding occur? Oh, and who will win the ...

The explosion of sports prediction markets is undeniable. There are typically thousands of trades available daily on prediction market platforms, with sports offerings that go beyond predicting which ...

On June 11, Kalshi released a buzzy ad featuring noted New York Knicks fan Timothée Chalamet. It was a zeitgeist-capturing moment for prediction markets, akin to the 2022 Super Bowl, when seemingly ...

Hersh Shefrin is a faculty scholar with the Markkula Center for Applied Ethics and he holds the Mario Belotti Chair in the Department of Finance at Santa Clara University's Leavey School of Business.

Gambling content 21+. The New York Post may receive an affiliate commission if you sign up through our links. Read our editorial standards for more information. Prediction markets have gained serious ...