Investment firm Bernstein estimates that by 2030, prediction market volumes will surge to roughly $1 trillion. Dollar volumes on the markets surged in 2024, spurred by the U.S. presidential election, ...

Despite the US and world economies being hit by an unusually serious oil, natural gas, and food price shock, over the past month the S&P 500 index has declined by only 7.5 percent from its all-time ...

Federal prosecutors in Manhattan are exploring whether certain lucrative bets placed on prediction markets have violated insider trading and other laws, multiple sources told CNN. The chiefs of the ...

Using data on four USD-pegged stablecoins and 27 fiat currencies, this paper documents spillovers from stablecoin-based foreign exchange (FX) to traditional FX markets. We document a gap between the ...

The Christie’s evening sale of 20th-century art was in full swing on November 19 when the art advisor Jussi Pylkkänen grabbed his belongings and hurried out of the Rockefeller Center salesroom.

Prediction markets have spent the past year courting Wall Street money and Washington legitimacy with an ambitious pitch: markets that let people bet on real-world events can produce better, faster ...

Berkshire Hathaway sold a net total of $187 billion in stock over the last 13 quarters, which suggests Buffett has struggled to find reasonably priced investments. The S&P 500's CAPE ratio averaged 39 ...

Stocks sold off on the last trading day of February, capping a month marked by growing anxiety about the impact of artificial intelligence. Worries about problems in the private-credit market hit bank ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Blockchain analytics firm Chainalysis has released fresh data highlighting the enduring strength of cryptocurrency-fueled drug trade on darknet platforms. In its latest insights from the Crypto Crime ...