Prediction markets have grown considerably amid a ballooning sports betting market. What should consumers know about what's next for these brands on TV and in court?

Young adults between 18 and 21 — too young to legally gamble on sportsbooks — have traded $5.4 billion on prediction market Kalshi so far this year, according to a CNN analysis. Kalshi, which has seen an explosive rise in popularity over the past few years,

Victor Rocha, Conference Chair of the Indian Gaming Association, believes there's a world in which Kalshi could become a regulated sports betting operator in the future.

Baltimore is taking prediction markets Kalshi and Polymarket to court, claiming the platforms are allowing illegal sports betting.

Walk into any common dorm room during March Madness and you will find a bracket pool, a group chat full of parlay screenshots and at least one kid explaining why the under on a mid-major’s leading scorer is “basically free money.

Three New Mexico pueblos and one tribe on Friday wrapped up their closing arguments that a federal judge should step in to prohibit the online prediction market Kalshi from enabling what the

In late August, Kalshi announced brand partnerships with the San Diego Padres and four other Major League Baseball clubs. The company will serve as the prediction market partner for the teams, with collaborations said to include in-stadium signage alongside social media and fan activations.

Nessel said violations of the preliminary injunction would result in a fine of $500,000 per day.

Connecticut has sued Kalshi to block the prediction market operator from offering sports event contracts in the state.