How do they work? How are they taxed and regulated? Poole scholars explain.
Finance
Insider trading is hard to prove in the securities sector and harder to apply to prediction markets, Poole scholars write.
Accounting
Prediction markets function similarly to gambling apps and websites. But a regulatory wrinkle means they’re taxed very differently.
Issues and Insights
Prediction markets inform and entertain. Poole scholar Richard Warr explains how they work and what they mean to the economy.
April 28, 2026
The Poole finance expert explained issues with regulation and reputation on sites like Polymarket and Kalshi.
The Poole finance expert discusses the issue after a solider was charged with using classified information to profit on Polymarket.
April 27, 2026
The Poole accounting professor talked about the rise of prediction markets, how they can be manipulated and how Congress can intervene.
The Poole College finance expert says that regulations take time to catch up to new industries like modern prediction markets.
April 15, 2026
The Poole College finance expert states that, as of now, insider trading is more common in prediction markets than the stock market.
March 12, 2026
March 11, 2026
The Poole associate dean and finance professor argues prediction markets have an ethical responsibility to their users.
February 21, 2026
The Poole finance expert explains why states are suing prediction markets.
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