The rise of prediction markets and their event contracts is creating a legal and regulatory tangle that may not be easy to sort out.

So if better is possible, what does that look like? We at Covers have a few suggestions, and we thought a “Wish List” would ...

Super Bowl 59, the biggest sports betting day of the year, will bring together several industry trends from prediction markets to props.

A U.S. federal court has ruled that the founders of EmpiresX must pay over $130 million in fines for operating a fraudulent scheme.

The CFTC says it has spotted "several key obstacles to balanced regulation of prediction markets," but the list that follows ...

CFTC bans EmpiresX founders and fines them $130 million for fraud after they misled investors and misused funds for personal expenses.