NBA Seeks Prediction Market Data and Federal Oversight to Guard Integrity
NBA Commissioner Adam Silver said the league wants direct access to trading data from prediction market platforms to detect insider trading and monitor integrity risks.
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Telecom Stocks Drop as SpaceX Strikes Deal for Nationwide Spectrum
U.S. telecom shares fell Friday after SpaceX announced a deal to acquire nationwide spectrum licenses from Grain Management, signaling plans to expand Starlink into mobile service.
U.K. Weighs Matching EU Tariffs on Chinese Electric Vehicles Amid Trade Pressure
The U.K. is considering matching European Union tariffs on Chinese electric vehicles as Brussels prepares 'Made in Europe' industrial rules that could penalize divergent trade partners.
S&P 500 Q3 Profit Growth Forecast at 30% on Surging Tech Revisions and AI Capex
Third-quarter earnings season begins with Wall Street projecting nearly 30% annual profit growth for the S&P 500, driven by heavy artificial intelligence infrastructure investments and expanding non-megacap gains.
S&P 500 Reaches All-Time High Powered by Tech Mega-Caps and AI Spending
The S&P 500 reached an intraday record of 7,844.52 on Tuesday, driven by mega-cap technology equities and massive infrastructure investments despite persistent macroeconomic pressures.
Multi-Leg 'Combo' Contracts Elevate Prediction Market Volume Under CFTC Rules
Multi-leg combo contracts have surged on prediction markets Kalshi and Polymarket, driving headline notional trading volume while representing a small share of total transactions and cash outlay.
House Democrat Introduces Bill to Ban Federal Candidates From Trading on Their Own Elections
Rep. Don Davis introduced legislation to ban federal candidates from betting on their own election contracts, carrying fines up to three times net financial gains.
10-Year U.S. Treasury Yield Reaches 5.347%, Highest Peak Since 2002
Benchmark 10-year U.S. Treasury yields climbed to 5.347% on Monday, marking their highest level since April 2002 as investors weighed fresh economic data and awaited Federal Reserve meeting notes.
