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These states are fighting prediction markets. The Trump admin is furious
Many states are trying to crack down on the newest frontier in the financial wild west: prediction markets. Although best known as places for betting on sports, which the Supreme Court ruled is legal during President Donald Trump's first term…
Kalshi and Rhode Island sue each other in latest challenge to prediction markets
Rhode Island joins other states that have taken similar legal action. Rhode Island is the latest state to challenge prediction markets on the legality of sports betting within its jurisdiction. As reported by The Providence Journal, opposing…
Abersoch beach hut on the market for £200,000
A beach hut has gone on the market for £200,000 - the same price as some houses further along the Welsh coast. According to estate agents, the bathing hut with its wooden balcony occupies 'prime position' among a line of others forming a…
It Doesn't Sit Well With Me as a Human': Prediction Markets Are Becoming TV Spoiler Markets
The beauty of watching sports is that anything can happen, and it unfolds before your very eyes. In theory—and usually in reality too—sports outcomes are an ideal substrate for bets in the sense that they aren't in any way democratic…
Georgia graduates face challenging job market
The unemployment rate for recent college graduates ages 22-27 in March was 5.6%, higher than the rate for all workers, according to data released this month by the Federal Reserve Bank of New York. The hiring rate — the share of the…
'We're concerned': US-based prediction markets taking bets on Australian elections and Albanese's word choices
US-based “prediction market” websites are taking tens of thousands of dollars in bets on Australian elections and even specific words the prime minister, Anthony Albanese, says in parliament, with gambling harm advocates and the…
Gas price whiplash is bringing Americans back to EV market
Americans are facing higher gas prices at the pump than they have in years, and the surge is making many turn toward an industry that President Donald Trump deliberately wanted to slow down and undermine—the electric vehicle (EV) market. As…
This Summer's Teen Job Market Is the Toughest in Decades
A popular ice-cream shop on Cape Cod had 50 jobs for hire for this summer. Hundreds of applications from teens started pouring in to Sundae School Homemade Ice Cream back in January, and the slots were quickly filled. Requests to work for New York…
Prettiest market town' with hidden lanes and history is 'easy' trip from London
With the sun blazing and temperatures soaring, here's a destination well worth adding to your day trip list. As the Met Office forecasted 35C degree sunshine in areas of the UK, it's so tempting to get outdoors. Hopping on an air-conditioned train…
Who Needs Horror Movies When There's a Bond Market?
This is Bloomberg Opinion Today, an interesting test case for cross-media storytelling of Bloomberg Opinion's opinions. On Sundays, we look at the major themes of the week past and how they will define the week ahead. Sign up for the daily…
What's Happening in EM: Political Risk Roils Markets
Maria Elena Vizcaino and Zijia Song discuss the fresh wave of political risks rippling across emerging markets, how they're affecting financial assets and how investors are positioning for them.
A Final Path To Peace? Markets Weekly Outlook
Participants went through a rollercoaster of emotions in the past week between a rejected Iranian offer to a severe hawkish repricing and, finally, a promising path to peace. Traders are getting ready for next week's important bet for peace. Get…
Resurgent Political Risk Derails Rallies Across Emerging Markets
Investors in emerging markets are getting slammed by a fresh wave of political turmoil that is derailing bets from Latin America to Eastern Europe. With just weeks to go until key presidential votes, markets in Colombia and Peru are selling off as…
HK set sights on Central Asia in push beyond traditional markets
Hong Kong is set to strengthen its economic ties with Central Asia as Chief Executive John Lee prepares to lead a high-level trade mission to Kazakhstan and Uzbekistan in June. The delegation, organized by the Hong Kong Trade Development Council…
Americans pledge trust in prediction markets and sportsbooks
Americans trust certain prediction markets, trading platforms and sportsbooks more than some of the country's blue-chip corporations, though men are less likely to trust them than women. Why it matters: Burgeoning gambling culture is fostering a…
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