In a major policy shift, the U.S. Commodity Futures Trading Commission has withdrawn a proposed rule that sought to outlaw prediction contracts on political events, clearing regulatory uncertainty for the growing industry.
Regional banks like Fifth Third are betting on a historic profit surge if Kevin Warsh reshapes the Fed. But Wall Street warns his ambitious plan to slash rates and shrink the balance sheet faces fierce internal and political headwinds, threatening market stability.
Prediction markets show a significant surge in bets favoring a renewed nuclear agreement between Washington and Tehran by year's end, even as political rhetoric remains cautious.
The Metals Company (TMC) is positioning its deep-sea nodule mining operation as a strategic alternative to China's dominance in critical battery metals. With regulatory milestones on the horizon and geopolitical tensions fueling demand for supply chain independence, the high-risk venture draws both bullish speculation and sharp scrutiny from investors.
As Super Bowl LX approaches, a new frontier of wagering is gaining traction—not on the game's outcome, but on the words spoken in the broadcast booth. Prediction platforms are allowing fans to trade on everything from celebrity shoutouts to political references, creating a high-stakes layer to America's biggest sporting event.
Once a high-flying green energy IPO, Plug Power now trades near historic lows. While its technology powers giants like Amazon and Walmart, mounting losses and a shifting political landscape pose existential questions about its path to profitability.
As the Super Bowl arrives in California, a state with strict anti-sports betting laws, new 'prediction market' platforms are offering a controversial workaround, sparking a fierce debate over regulation, consumer protection, and the very definition of a wager.
Amid escalating trade tensions and geopolitical friction, European investors are quietly reassessing their massive holdings of U.S. debt. While a full-scale 'fire sale' remains a distant prospect, the mere discussion signals a fraying of transatlantic trust with potential to destabilize global markets.
In a major policy reversal, the U.S. Commodity Futures Trading Commission has formally withdrawn a contentious 2024 proposal that sought to outlaw event contracts tied to politics, sports, and conflict. Chairman Michael S. Selig dismissed the plan as a politically motivated overreach, signaling the agency's intent to regulate—not stifle—the fast-growing prediction market sector.
Fueled by a wave of anti-corruption protests, a new generation of candidates is challenging Nepal's political establishment. Young contenders like 25-year-old Kishori Karki are campaigning on promises of change, transparency, and a break from the past as the nation heads to the polls.
Veteran Democratic strategist James Carville has sharply criticized House Republicans' focus on the Clintons in the Jeffrey Epstein document review, calling it a self-defeating political stunt. He predicts the upcoming depositions will backfire on the GOP.
Once Thailand's dominant political force, the Pheu Thai party faces its toughest election yet. With its patriarch in prison and its populist appeal waning, the Shinawatra family's machine may no longer rule but remains a crucial power broker in the kingdom's fractured political landscape.
BetMGM announced record financial results for fiscal year 2025, with net revenue soaring 33% to $2.8 billion. While CEO Adam Greenblatt reaffirmed the company's iGaming focus, a 63% surge in online sports betting revenue proved the primary growth driver, signaling a pivotal shift in the competitive U.S. digital gaming landscape.
CNBC's Jim Cramer has singled out Agnico Eagle Mines as his top pick in the gold mining sector, emphasizing its high-quality reserves in politically secure regions like Canada as a critical hedge amid tightening global supply and rising instability.
An internal Justice Department review has found that attorney Ed Martin, a Trump appointee, improperly shared grand jury materials related to investigations of political figures. The findings led to his removal from a key role and eventual departure from the department.
The killing of Muammar Gaddafi's son eliminates a symbolic, if controversial, alternative to the country's entrenched rival administrations, potentially consolidating the existing power duopoly and deepening political stagnation, analysts suggest.
President Trump's nomination of former Fed Governor Kevin Warsh to lead the central bank has ignited concerns among economists and lawmakers about the erosion of the Federal Reserve's political independence, as a key Republican senator vows to block the pick.
Fox Corporation reported a resilient second quarter, with total revenue climbing 2% to $5.18 billion despite a tough comparison to a record political advertising period last year. The media giant highlighted robust advertising and distribution growth, record engagement for its sports and news properties, and sustained profitability for its ad-supported streaming platform, Tubi.
Fox Corporation surpassed Wall Street forecasts in its fiscal second quarter, posting $5.18 billion in revenue. The media giant weathered a significant drop in political advertising on the strength of its sports programming, Fox News, and the Tubi streaming platform.
President Donald Trump has nominated former Fed Governor Kevin Warsh to lead the Federal Reserve, a move that could reshape monetary policy and ignite a contentious Senate confirmation battle amid ongoing political tensions.
