Financial Products

New York's Attorney General is suing Coinbase and Gemini, claiming their prediction markets are just illegal gambling. Let's break down what this means and where we draw the line between a financial tool and a simple bet.

Ever bet on an election outcome? That's the idea behind prediction markets, and now, US regulators are finally stepping in to write the rules. Here's what's happening and why anyone in the insurance and risk world should be paying close attention.