Prediction markets in hot seat over rogue bettors and insider trading

A soldier betting on an operation to oust Venezuela’s leader. Politicians gambling on their own elections. Massive bets on the president announcing a ceasefire with Iran right before he actually did. Are prediction markets safe places for news junkies to bet on events – or dens of insider trading? A lot is at stake as … Read more

Prediction markets under pressure to crack down on rogue bettors and stop insider trading

NEW YORK — A soldier betting on an operation to oust Venezuela’s leader. Politicians gambling on their own elections. Massive bets on the president announcing a ceasefire with Iran right before he actually did. Are prediction markets safe places for news junkies to bet on events — or dens of insider trading? A lot is … Read more

Online sports bettors may risk more than just their wagers. Here’s what’s at stake.

It’s well known that online sports betting can be a risky endeavor. But a new study from the Federal Reserve Bank of New York shows the practice may also be linked to higher delinquency rates, delivering another potential blow to Americans’ financial health. Online sports betting, now legal in more than 30 U.S. states, allows … Read more