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.
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Berkshire Hathaway's CEO Greg Abel said that rising yields in Japan isn't impacting the major trading houses in the country the holding company has stakes in.
After a disappointing July payrolls report that showed the economy lost jobs that month, traders on prediction market platforms think August will show a rebound in hiring, though potentially not as strong as economists think.
Kevin Warsh's keynote speech at the central bank's annual symposium in Jackson Hole, Wyo. has altered investors' outlook for an interest rate hike in September after the Fed chairman said he was committed to fighting inflation.
The 9th U.S. Circuit Court of Appeals rejected prediction market platforms' requests for injunctive relief against the Nevada Gaming Control Board, concluding that sports-related event contracts are not a derivative regulated by the federal government.
Bitcoin and crypto stocks extended their rally to start the week after the flagship cryptocurrency broke out of its trading range as investor concern over inflation and the fiscal deficit grew.
Bitcoin's more than 20% rally this week has sent the cryptocurrency to heights it hasn't seen since May, but traders on prediction market platform Kalshi see it ending 2026 near current levels.
Carvana shares are headed for a double-digit weekly loss as a federal investigation into billionaire Mark Walter shines a spotlight on his minority stake in the online used-car retailer.
Prediction market platform Kalshi in a regulatory filing on Tuesday revealed it is seeking to launch perpetual futures tied to equity indexes.