How election failure, gambling regulation and political gridlock have paved the way for the predicted market crash.

Kalshi Market for 'Will Iran successfully close the Strait of Hormuz in 7+ days?' appears on the smartphone screen.

Although the forex market has been legal in the US for less than 18 months, it cannot stop making news and making money. In prediction markets like Kalshi and Polymarket, users can spend real money on anything, from the winner of the 2028 presidential election to when Taylor Swift will get married. But this is … Read more