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News Kalshi, Polymarket Push Prediction Markets Beyond Politics as Volume Surges

Prediction markets led by Kalshi and Polymarket are moving beyond elections into entertainment and sports, with rapid growth bringing new scrutiny over regulation and market risks.

Joe Boozell • 1 minutes ago
Prediction Market volume surge
Courtroom IRS Hearing Puts Focus on 90% Gambling Loss Rule for 2026 Tax Year

An IRS hearing on the new 90% gambling loss deduction cap drew criticism from lawmakers, tax professionals and gamblers who said the rule could create taxable phantom income in 2026.

Joe Boozell • 23 minutes ago
Slot Machines Representing Phantom Income from Gambling Losses
News Robinhood Reportedly Explores Crypto.com Tie-Up for Prediction Markets Hub

Robinhood is reportedly in talks with Crypto.com to add the exchange’s event contracts to its prediction markets hub, a move that could broaden its supplier base as U.S. regulatory disputes intensify.

Jeanette Garcia • 22 hours ago
Illustration representing partnerships and integrations in sports and prediction markets. Two smartphones displaying financial charts and market-tracking dashboards sit on either side of the image. At the center, a glowing panel features a handshake icon, symbolizing collaboration or a business agreement, surrounded by icons of a trophy, an upward-trending chart, and a soccer ball. Streams of blue and purple light connect the smartphones to the central panel, suggesting the flow of data, analytics, and market information between platforms. The image uses a futuristic neon blue and purple color palette against a dark background.
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