Budrul Chukrut | SOPA Images | Lightrocket | Getty Images The latest quarterly earnings reports from FanDuel parent Flutter Entertainment, DraftKings and others shone a spotlight on the burgeoning prediction markets industry. A growing number of companies are introducing their own prediction market platforms or launching partnerships within the space, said Joel Shulman, the CEO…
U.S. President Donald Trump speaks during an event to mark the launch of “Trump Accounts” in the Oval Office at the White House in Washington, D.C., U.S., July 6, 2026. Evan Vucci | Reuters Trump Accounts officially launched on July 4, introducing a new tax-deferred investing option for children. Unlike 529 college savings plans and…
Michael Burry attends the premiere of “The Big Short” at Ziegfeld Theatre on Nov. 23, 2015 in New York. Dimitrios Kambouris | Getty Images Michael Burry of “The Big Short” fame said he bought shares of regulated sports-betting operators DraftKings and Flutter Entertainment, anticipating regulators will eventually crack down on prediction markets after competition from…
AI agents will soon have the ability to match the capabilities of human traders, Robinhood CEO Vlad Tenev predicts. The power of agentic technology — AI that can carry out tasks for users — has been touted as potentially transformational by many in the tech sector, with industry giants including OpenAI and Anthropic racing to…
Traders work in the S&P options trading pit at the Cboe Global Markets exchange on March 31, 2026 in Chicago, Illinois. Scott Olson | Getty Images Global markets operator Cboe has launched its first predictions markets product, the latest financial-markets company working to capitalize on consumer demand in the fast-growing sector. The offering includes binary…
Meta CEO Mark Zuckerberg exits Los Angeles Superior Court in Los Angeles, California, Feb. 18, 2026. Kyle Grillot | Bloomberg | Getty Images Meta Platforms CEO Mark Zuckerberg has directed staff to create a prediction markets platform, a person familiar with the company’s plans who asked not to be named confirmed to CNBC. The New…
SpaceX Executives ring the Closing Bell at the Nasdaq on the debut of their IPO on June 12th, 2026. Adam Jeffery | CNBC Following the astronomical success of the SpaceX IPO — raising $85.7 billion, valuing the newly public company in the trillions, and minting Elon Musk as the world’s first trillionaire — what many…
Sports prediction markets are having a gold-rush moment. Enthusiasm around the World Cup and NBA finals led Kalshi to set a new daily record Saturday for trading volume at $1.2 billion. A wave of companies is trying to stake a claim, hoping to follow suit and strike it rich in what JB Mackenzie, Robinhood’s head…
Marvin Jung isn’t buying into SpaceX because he thinks it’s a bargain. The 51-year-old regional director of operations in veterinary care believes Elon Musk’s rocket company is coming public at a valuation that is “really, really aggressive.” Yet, he still requested 1,000 shares through Robinhood, betting enthusiasm for one of the world’s most anticipated initial…
In this photo illustration, Apps for online prediction market sites are shown on an electronic device on Feb. 25, 2026 in Chicago, Illinois. Scott Olson | Getty Images States and the federal government may be battling over who has the power to regulate prediction markets, but the companies building them are chugging along as the…
