The rise of prediction markets like Polymarket allows ordinary people to bet on war, turning human tragedy into financial opportunity and dangerously weakening our empathy towards human suffering.

George Santos built a political career on fabrications about himself. Now federal investigators are examining whether the disgraced former congressman and convicted felon may have profited from misleading people about what he planned to do.

The U.S. Department of Justice is investigating Santos over trades placed on the prediction-market platform Kalshi regarding whether he would attend…

Spain temporarily banned the US-based prediction markets Polymarket and Kalshi on Tuesday, as well as its rival Kalshi, arguing that they were operating without a gambling license. The ban will last three to four months, pending a review from the country’s gambling watchdog. The move comes as other bans against Polymarket, in particular, are stacking up around the world. They aren’t all…

Will the US and Iran reach a nuclear deal before 2027? Will the Cuban regime fall this year? Will France win the World Cup?

These questions are generating up to millions of dollars today on prediction markets — platforms where people wager on the outcomes of real-world events. If you’re right, you profit. If you’re wrong, you lose your stake. “Contracts,” or wagers, can be as cheap as $0.01,…

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