Polymarket CEO Shayne Coplan urged staff to focus on growth over regulatory consequences as fraudsters attempted to steal at least $10 million from its U.S. platform, the Wall Street Journal reported.

Prediction markets have taken off in popularity, drawing billions of dollars in trades. Some states have tried to ban them.

Borrowing money to gamble has always been a dangerous idea, but even more so now as online betting and prediction market platforms grow in popularity. In fact, the prediction most likely to come true is that you'll end up on the losing side of financial stress and debt. Here's what you need to know about placing bets with borrowed funds.

Polymarket has reached 43.8% of Kalshi's football trading volume within months of its US launch, signaling rapid growth in prediction market

A handful of funds have pre-IPO exposure to Kalshi and Polymarket. Investors need to tread cautiously.

Polymarket is offering new U.S. users $50 in promotional funds via promo code CUSE, timed to a Yankees-Rays doubleheader with AL East playoff implications.

Kalshi, the popular prediction market platform, is seeking federal approval to allow some traders to use borrowed funds on event contracts. Betting on current events, sports, and broader cultural issues through prediction markets has become popular among retail traders.

The legal battle over whether prediction markets are a form of gambling has overshadowed something else entirely: They’re already a new form of media.