Prediction Markets

The U.S.-Iran deal “undercut” Benjamin Netanyahu's position on Iran and exposed the limits of his influence with a U.S. president widely seen as pro-Israel, according to a report published on Thursday. Iran Deal A Setback For Israel? Israeli analyst Danny Citrinowicz deemed the...

Strategy’s (NASDAQ:MSTR) preferred stock has fallen to a record low, stalling the engine Michael Saylor uses to keep buying Bitcoin (CRYPTO: BTC). STRC (NASDAQ:STRC), the variable-rate “Stretch” preferred, closed yesterday at $89.15 and dipped near $87 today. That is an all-time...

After more than three months of war and weeks of stop-start diplomacy, the U.S. and Iran have signed a 14-point memorandum of understanding to end the fighting and reopen the Strait of Hormuz. The agreement allows Iran’s oil to flow immediately, but leaves the hardest question, Iran’s...

President Donald Trump says raising interest rates “just keeps a country down.” But Kevin Warsh, the Fed chair he picked to deliver cuts, yesterday teed up the opposite. The Federal Reserve held its benchmark rate at 3.5% to 3.75% on Wednesday at Warsh’s first meeting as chairman...

Kentucky sued prediction markets Kalshi and Polymarket on Wednesday for running what its attorney general calls illegal sportsbooks, and named Coinbase Global Inc. (NASDAQ:COIN) and Robinhood Markets Inc. (NASDAQ:HOOD) as affiliates that helped route the bets. Attorney General Russell Coleman is...

Apple Inc. (NASDAQ:AAPL) CEO Tim Cook says price increases on the iPhone and other devices are now “unavoidable,” as a historic memory chip shortage eats into the company’s profit margins. Cook told the Wall Street Journal that surging DRAM and storage prices have made the...

The S&P 500 tumbled on Wednesday after the Federal Reserve signaled that interest rates could rise this year, but Polymarket traders are betting the benchmark index will rebound sharply at Thursday’s open. The S&P 500 closed down 1.21% at 7,420.10 after its worst session in nearly a...

President Donald Trump and Iranian President Masoud Pezeshkian on Wednesday signed the interim ceasefire agreement, giving both sides 60 days to agree to a permanent peace deal. The agreement extends the ceasefire announced in April by 60 days and includes the resumption of shipping through the...

Cryptocurrency bettors aren't expecting any change to the Federal Reserve’s policy in July, following the central bank’s unanimous decision to keep the federal funds rate unchanged on Wednesday. Polyamarket Projects Rates To Remain Steady Traders on Polygon (CRYPTO: POL)-based...

Blockchain was supposed to put Wall Street’s middlemen out of business. Instead, the middlemen are racing to build it. BlackRock (NYSE:BLK), Goldman Sachs (NYSE:GS) and JPMorgan Chase (NYSE:JPM) have rolled out tokenization projects over the past year, and brokerages Robinhood Markets (NASDAQ...

Elon Musk’s next move could be a SpaceX-Tesla merger big enough to challenge Nvidia Corp. (NASDAQ:NVDA) for the title of most valuable company on Earth. Just three sessions into its IPO, SpaceX (NASDAQ:SPCX) has already surged nearly 50% to roughly $2.6 trillion, leaving Tesla Inc. (NASDAQ:...

Only about 4% of SpaceX (NASDAQ:SPCX) shares actually trade. That sliver has been enough to push Elon Musk’s rocket and AI company past Amazon.com Inc. (NASDAQ:AMZN) to a $2.65 trillion market cap, and to make Musk the world’s first trillionaire on paper. Nicolas Owens, an equity...

Kalshi’s new perpetual futures pulled in more than $5.5 billion in trading volume in their first two weeks, and co-founder Tarek Mansour says the never-expiring contracts are the company’s fastest-growing launch ever in terms of adoption and customers. He doesn’t want to stop at...

New Federal Reserve Chair Kevin Warsh holds his first press conference today. The market expects no change in rates. The real action is on Kalshi, where traders are betting which exact words Warsh uses at his debut. What Kalshi Predicts Warsh Will Say “Unchanged” tops the board at 81...

The S&P 500 fell on Tuesday as investors rotated out of chip stocks and into cyclical sectors, but Polymarket traders are betting the benchmark index will rebound at Wednesday’s open. The S&P 500 closed down 0.57% at 7,511.35, while the June 17 Polymarket contract implied an 78%...