I was recently quoted in an article published by Danish television network TV 2 Danmark examining the lawsuit between the State of Nevada and prediction market platform Kalshi. The case raises an important legal question: whether contracts allowing people to trade on...

Insider trading is illegal – in securities trading and regulated sports betting.  But it is actually one of the advantages that futures markets have over more conventional predictors.  If you want to know what is going to happen, give the opportunity to make big bets...