Why it matters: Prediction markets like Kalshi and Polymarket are now offering sports event contracts, enabling people to make or lose money on game outcomes, even in states where sports betting hasn't been legalized.
The U.S. government is likely to take ownership stakes in more companies — just as it did with Intel — toward the goal of building a sovereign wealth fund, National Economic Council director Kevin Hassett said Monday.
Why it matters: It's a new paradigm for the U.S. government's relationship with the private sector, and raises fresh questions about how much authority the administration intends to exert over corporate America.
As bots take over the digital universe, humankind is figuring out ways to strike back.
The big picture: At this point, generative AI, ChatGPT and the coming wave of AI agents look like an inevitable and growing part of our lives — but not everyone is down with that program.
The rollout of ESPN and Fox's new streaming services this week represents a landmark moment for the sports industry, one where fans can finally start to expect a better bang for their buck.
Why it matters:Sports streaming was supposed to make it easier for fans to watch their favorite teams, but over the past two decades, live rights became unwieldy, expensive and complicated. Now, two of the world's biggest sports networks are teaming up to solve that problem.
