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A pseudonymous trader, known only as AlphaRaccoon, on prediction market Polymarket has drawn sharp scrutiny after reportedly turning a $1.15 million profit in under 24 hours by betting on Google’s 2025 Year in Search rankings. The positions covered niche questions, such as whether the singer d4vd would top the list or if Pope Leo XIV … Read more
The company that owns the Trump family’s media properties plans to incorporate prediction markets into Truth Social, the social media site that President Donald Trump launched in 2022. On Tuesday, Trump Media & Technology Group announced it has partnered with Crypto.com to develop a new product called “Truth Predict,” which is slated to launch in … Read more
Key Takeaways Spot crypto trading will be available on CFTC regulated exchanges for the first time in the United States. The move aligns with federal efforts to expand oversight and integrate tokenized collateral and blockchain systems into regulated market infrastructure. Share this article The Commodity Futures Trading Commission announced that spot crypto products will begin … Read more
Key Takeaways CNBC and Kalshi have announced an exclusive partnership to integrate real-time prediction market data into CNBC’s financial coverage. The collaboration will provide viewers with continuous prediction insights, marking the first major newsroom use of live prediction data for economic and political events. Share this article CNBC and Kalshi agreed to a multi year … Read more
LONDON — European stocks opened in positive territory on Thursday. The pan-European Stoxx 600 was almost 0.3% higher at the opening bell, with all major bourses in the green but sectors mixed. Apparel companies book-ended the benchmark on Wednesday. Zara’s parent company Inditex led the benchmark after it reported strong nine-month results, closing the session 10% higher, … Read more
Key Takeaways Fanatics has launched Fanatics Markets, a prediction market platform offering contracts in sports, finance, and culture. The platform partners with Crypto.com’s CFTC-registered exchange to provide institutional-grade trading across 24 states. Share this article Global digital sports company Fanatics has introduced Fanatics Markets, a prediction market platform that lets users trade on outcomes across … Read more
After shaking off some of the weakness at the start of the month, markets seemed to be ready to board Santa’s sleigh, and rode into a second straight day of gains this week. Wednesday’s rally was on the back of surprisingly weak private jobs data, with payrolls processing firm ADP’s November report showing 32,000 job … Read more
Anthropic is considering an IPO, according to the Financial Times, right after a series of warnings from senior central bank chiefs and others of a bubble in AI and excess liquidity in a range of asset markets. At the same time, NEC Director Kevin Hassett has emerged as President Donald Trump’s favorite candidate to replace … Read more
European stocks are expected to open in positive territory on Wednesday as global markets move higher.
Panoramic view of Busan city, South Korea taken on sunrise. Alex Veprik | Moment | Getty Images Asia-Pacific markets were set to open mixed Wednesday, after Wall Street saw a tech-fueled recovery and a cryptocurrency rally. Bitcoin climbed over 7.4%, crossing past the $90,000 mark in overnight trading. Japan’s Nikkei 225 futures pointed to a … Read more
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