Prediction markets are facing backlash over bets related to war, with Polymarket recently archiving some predictions on ...

Prediction markets are grabbing headlines, but the two biggest names in it, Polymarket and Kalshi, aren't publicly traded.

As the US and Israel prepared for war and later launched strikes against Iran, traders on online prediction markets wagered over $1 billion on every aspect of the conflict.

Polymarket users placed hundreds of bets of at least $1,000 predicting an imminent American strike, raising concerns about ...