Fanatics, a major player in sports merchandise, is stepping into the online betting arena. The company is rolling out its new prediction platform in 24 states, including big names like Texas, California, and Florida. This isn't just about sports; users can also bet on finance and culture. The platfo
InPlay Global is shaking up the world of sports and finance. They're creating a new kind of investment called Performance Securities. These will let people trade shares in sports teams, much like stocks. The idea is to make sports teams into something you can buy and sell, just like companies on the
The Chicago Mercantile Exchange (CME) managed to get its trading platforms back online, but not before causing a stir in global financial markets. The outage, which lasted several hours, affected trading in Asia and Europe before the U. S. markets could react. The main trading platform, Globex, fina
Michael Burry, the investor who made a name for himself by predicting the housing market crash, has started a new group chat on Substack. It's been a whirlwind since he invited his paid subscribers to join in. Burry recently switched gears from managing a hedge fund to running a Substack called "Ca
Japan is making big financial moves. The country is planning to sell more short-term bonds. This is to support a huge spending plan led by Prime Minister Sanae Takaichi. It's the largest spending plan since Japan eased its pandemic rules. The government has approved extra funds. The total is 18. 3
In a surprising turn of events, the UK's fiscal watchdog, the Office for Budget Responsibility (OBR), released its economic forecast earlier than usual. This happened just before the finance minister, Rachel Reeves, was set to unveil her budget plans. The report, which typically comes out after the
The U. S. Treasury Secretary, Scott Bessent, recently shared his thoughts on the Federal Reserve's approach to managing interest rates. He believes the current system is too complex and needs a major overhaul. According to Bessent, the Fed's strategy for controlling interest rates has become overly
Japan is making some big changes to how it handles cryptocurrency. The Financial Services Agency (FSA) is working on a plan to treat digital assets like Bitcoin and Ethereum as financial products, similar to stocks and investment funds. This change could happen as early as 2026 and would bring a fla
The AI wave is sweeping through US markets, bringing both opportunities and challenges. Investors are rushing to tech stocks, and companies are snapping up AI tech, often at high prices. This frenzy is pushing valuations to new heights, with investors focusing more on future potential than current p
Kraken, a well-known crypto exchange, just secured a massive $800 million investment. This huge sum includes a $200 million contribution from Citadel Securities, a major player in the financial world. The goal? To bring traditional finance into the blockchain era. The funding round was split into t
