Opinion: New York state’s new ban on state employees using private government information to trade on prediction markets does no harm and may even be beneficial to have the clarity that state employees can’t use information obtained through their job.

President Donald Trump said he would investigate federal employees placing bets on event-betting platforms, indicating concerns with prediction markets amid worries that individuals are using confidential government information to profit.

Polymarket partnered with Chainalysis to detect insider trading and suspicious activity as prediction markets face rising scrutiny.

Kalshi Inc., Crypto.com, and Robinhood Markets Inc. encountered a dubious US appeals court asked to decide whether federal law preempts their being regulated as gaming companies by the state of Nevada.

Prediction markets are being touted on social media as a lucrative side hustle. In reality, most traders are losing money, and a significant amount in many cases.

Prediction markets don’t have that. People put $1 into a prediction market event contract, and at resolution it pays out $1 to the winner. There is no investment in economic growth, no source of long-term returns; everyone’s winnings come from someone else’s losses.

Bloomberg analysis shows over 100,000 Polymarket wallets lost $1,000+ since January 2025 as bots dominated trading volume.

Prediction market speculators have bet millions on the next US measles outbreak, potentially helping public health systems track the disease’s spread.

Jason Trost, CEO of Smarkets, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." They discuss the recent pushback against prediction markets. Health warning as common painkiller linked to kidney damage World recession warning as Trump 'loses control ...