Blockchain.com, a digital asset platform, wants to get in on the prediction market boom in the U.S.
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With less than a month until the midterm elections, prediction markets' political contracts are in focus as observers look to see if they'll accurately forecast who will win various races across the country. But one Democratic representative wants to restrict candidates from trading on those contracts.
Before artificial intelligence can take Wall Street jobs, it is first creating them.
Before artificial intelligence can take Wall Street jobs, it is first creating them.
Investors now think the odds are extremely unlikely that the Federal Reserve raises interest rates again in October, following a weaker-than-expected September employment report.
Minneapolis Federal Reserve President Neel Kashkari said Wednesday that price growth remained a concern despite the latest data coming in cooler than economists predicted.
Trading volumes for certain products on prediction market platforms Kalshi and Polymarket are raising questions from some industry observers, who fear the numbers may be inflated.
Investors were rattled this week as the benchmark 10-year Treasury yield soared to its highest level since 2007, but sticky inflation is just one of the factors behind this latest surge.
Investors looking to boost their exposure to artificial intelligence should target China, according to Matthews Asia portfolio manager Andrew Mattock.
The 6th U.S. Circuit Court of Appeals ruled on Friday that states have a right to regulate sports-related event contracts on prediction market platforms, marking a second major legal defeat for the industry as a fight at the U.S. Supreme Court looms.