The prediction markets battle is unfolding on multiple fronts as sportsbooks, trading platforms and regulators test the boundaries of U.S. betting law.
Why it matters: DraftKings, one of the nation's largest sportsbooks, launched its long-anticipated prediction market Friday, embracing a fast-growing alternative to traditional online gambling.
DraftKings — which runs one of the two largest sportsbooks in the U.S. — has launched its long-anticipated prediction market, embracing a surging alternative format to traditional online gambling.
Why it matters: The rise of prediction markets such as Polymarket and Kalshi has upended the betting landscape, allowing users to risk money on sports outcomes even in states that haven't legalized wagering.
Friday is a "triple-witching day" when over $7 trillion of stock options, index options and index futures are set to expire at the same time as portfolios and indexes are rebalanced.
Why it matters: That probably sounds awfully technical, but this quarterly convergence can trigger huge volume while investors roll positions, hedge exposures, or let contracts expire. Things can get crazy!
An unexpected cooling in the delayed inflation data out on Thursday has investors hopeful that the Federal Reserve could cut interest rates deeper than previously expected next year.
Why it matters: More interest rate cuts would be bullish for stocks and could broaden the gains beyond Big Tech, as long as the economy keeps growing.
If you're splurging on a new car for a loved one this holiday season, you might want to wrap it with a giant red bow like the ones you see in TV commercials.
Why it matters: Sure, a new car is a generous gift, but it's the recipient's emotional reaction that often turns a lavish purchase into an unforgettable moment.
A security review of eight popular internet toys found "widespread security and privacy weaknesses," per a new report shared first with Axios from Mozilla Foundation and cybersecurity consultant 7ASecurity.
Why it matters: Connected toys like tablets, smartwatches, and robots now store everything from a kid's photos to their location, raising serious privacy concerns and creating new vulnerabilities for hackers and other bad actors.
President Trump ordered the suspension of a green card lottery program that enabled the suspect in the Brown University mass shooting and killing of an MIT professor to live in the U.S, a top official announced late Thursday.
