Tag: Wall Street
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Blockchain.com seeks U.S. approval for prediction markets, crypto derivatives trading
Blockchain.com is seeking CFTC designation and registration to offer U.S. event contracts and cryptocurrency derivatives.
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Little relief expected for gas prices ahead of Election Day, according to prediction markets
Gas prices are expected to remain above $4 per gallon on Nov. 3, according to traders on prediction market platform Kalshi.
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Rising yields and oil are taking a toll on stocks, but Wall Street finds ways to mute the alarm
The stock market hit an all-time high Tuesday, a baffling ascent to many given just how much macroeconomic conditions have deteriorated.
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Chart: A look at the S&P 500’s remarkable and defiant trip to a new record
The S&P 500 returned to an intraday record Tuesday as tech gains, easing oil prices and Treasury yields helped stocks overcome months of market shocks.
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How event contract bundles are boosting volume on prediction markets
Combo contracts are driving volume growth even as they make up a small, albeit consistent, share of transactions.
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‘Magnificent Seven’ profit lag: How the rest of the stock market may outpace tech giants this earnings season
The upcoming earnings season could mean the rally broadens out again after the recent weakness in breadth.
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House Democrat targets candidate prediction market trades after opponent’s Kalshi penalty
A new bill bans federal candidates from trading prediction market contracts related to their own elections and would result in a fine if violated.
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Brazilian stocks jump as Bolsonaro now seen as heavy favorite to win presidency
The moves come after the first round results of Brazil’s presidential election on Sunday. Bolsonaro will face incumbent Lula da Silva in a run-off on Oct. 25.
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