Bobby Allyn

Before Meta CEO Mark Zuckerberg directed employees to build a standalone prediction market app, he proposed buying Kalshi, the leading company in

Federal regulators are in settlement talks with President Trump's longtime teleprompter operator, who is alleged to have made nearly $100,000 on

It's the first known instance of officials investigating suspected insider trading on a prediction market from inside the White House.

The World Cup has been a sports betting bonanza for Kalshi. Since the soccer tournament started, Kalshi says it has set new trading records, taking in more than $25 billion in sports wagers.

The betting site Kalshi emerged as a dominant sports betting platform during the World Cup. But the company avoids billions of dollars in taxes by insisting it is not a sports gambling operator.

Ann Jacobs is a commissioner with the Wisconsin Elections Commission, a quiet, low-profile state agency that oversees elections. Recently, though, her day was anything but quiet.

Residents vote in Madison, Wis., on April 1, 2025. Wisconsin election officials recently warned voters in the state that betting on the midterms could disqualify their vote or result in prosecution. That prompted legal threats from the prediction market Kalshi, which is allowing people to bet on hundreds of midterm races.

The spat between the leading prediction market company and a key battleground state could be a glimpse into the next major fight between states and the fast-growing industry.

President Trump, his critics like to say , learned one major lesson during his first term: Never leave any money on the table.

The president's media company is offering investors early access to his Truth Social feed for up to $100,000 a month. Experts say the service may violate insider trading laws.