The investor believes regulators will eventually crack down on prediction markets after competition from the upstarts pressured the stocks of sportsbooks.
Category: Finance News
Fed officials were split on direction of interest rates at last meeting, minutes show
The Federal Reserve on Wednesday released minutes from its June 16-17 meeting.
Strait of Hormuz traffic won’t return to normal until 2027 after latest setback, Kalshi traders predict
Speculators now see just a 44% chance that traffic flows return to normal by Dec. 1.
Stocks making the biggest moves premarket: United Airlines, Micron, Chevron & more
These are the stocks posting the largest moves premarket.
Fed meeting minutes to show ‘family fight’ over rates. The squabble could drag on for a while
There have been few instances over the past 35 years or so when the Fed has only made one rate move, be it up or down.
China warns about AI risks with Anthropic’s Claude Code
China said specific versions of Claude Code posed back-door vulnerabilities that could send sensitive information to a remote server.
Traders on Kalshi think the Nasdaq-100 will end 2026 above 30,000, predicting a cooler second half of the year
Speculators think the massive rally in the Nasdaq-100 since the lows following the U.S.-Iran war will be more subdued in the second half of 2026.
Buy these quality, low-stress stocks for the summer, says Jefferies
This summer, Jefferies recommends focusing on some high-quality stocks that have been left behind by the AI momentum trade.
Stocks making the biggest moves premarket: Fiserv, Crinetics Pharmaceuticals, Micron & more
These are the stocks posting the largest moves in early trading.
BlackRock says the China AI play is stock-specific, not a regional trade
BlackRock Investment Institute laid out its views Monday on the AI bubble debate.