Six states have taken legal action against companies like Kalshi and Robinhood over the contracts.

Bets on real-world events are becoming more common, and putting down some money on who will become the Catholic Church’s next leader is just one more example.

And at least this time, these betting markets knew something traditional forecasters didn’t.

The Supreme Court left in place an agreement between the Seminole Tribe of Florida and the state of Florida, which gives the Seminole Tribe the exclusive right to offer online sports betting statewide.

Financial regulators are worried about derivatives markets — especially ones regarding elections.

We learned this week that Dave & Buster’s will let its customers use its app to compete against each other.

The company hopes to win a piece of the nearly $85 billion global sports betting market, now dominated by DraftKings and FanDuel.

Gaming company Penn Entertainment is paying $2 billion over 10 years to use ESPN’s name in its gambling app and website.

Several tribes are asking voters to pass a measure that would allow sports gambling on tribal lands and race tracks. Opponents say it could hurt card rooms.

There are record numbers of bets being placed around the world on who will win the White House.