CFTC proposes prediction market rules
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On Wednesday, the Dow Jones fell over 950 points or nearly 2% to close below the mark of 50,000. The S&P 500 and Nasdaq shed 1.6% and 2% respectively as chip and tech names barring Apple, continued to see selling pressure amidst the mega SpaceX IPO.
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Prediction market watchdogs may struggle to police betting on the U.S. midterm elections, with thousands of races offering ever more ways for insiders to make a quick buck on a rising number of platforms,
The S&P 500 is exhibiting price action reminiscent of last year’s tariff tantrum, with markets looking past current geopolitical volatility. Despite oil price spikes and Middle East tensions, the SP500 is anchoring expectations on a 2–3 week resolution ...
Members of the US military may soon be barred from using prediction markets to bet on global events if a draft defense policy bill passes Congress and becomes law. The proposal comes after a high-profile case where a US special forces soldier is accused of using classified information to place bets tied to the capture of Nicolás Maduro.
U.S. stocks ended another tumultuous day lower as markets reel from President Donald Trump’s latest threats to crank his tariffs higher. The S&P 500 sank 0.2%. The Dow Jones Industrial Average fell 349 points,
A quarter focused on waves from the AI boom and expected interest rate cuts changed to one driven by the Iran war and the oil price shock. In what became known as the AI loser trade, software stocks and others seen vulnerable to AI disruption fell ...
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US stock markets update: AI stocks rebound as oil retreat gives Wall Street some relief
U.S. stocks rebounded on June 8 as AI-linked technology shares recovered from a sharp selloff and oil prices pulled back from overnight highs after fears of a wider Middle East war briefly eased.