Prediction markets have quietly emerged as the next big frontier in financial innovation, and it seems everyone is suddenly paying attention. Investors are pouring in, institutions are taking notice, and major platforms are viewing them not as a fad but as a fundamental shift in how belief, risk, and information interact. And the sudden rise
The US Federal Reserve could be on course for several interest rate cuts in 2026, even if a pause is more likely in January, Commerzbank AG said. The US labour market’s momentum has significantly stalled, with minimal job creation observed in recent months. The US labour market showed surprisingly weak growth in November, with the
The cryptocurrency market has continued its bearish performance this week, with over $50 billion wiped out from the market in the last 24 hours. The total cryptocurrency market cap dropped from $2.92 trillion on Thursday and now stands at $2.87 trillion. The bearish performance saw Bitcoin briefly drop below $84k, but it is now trading
European Union leaders have agreed to allocate €90 billion ($105 billion) in financial support to Ukraine for 2026 and 2027, providing a crucial funding backstop as Kyiv faces mounting fiscal pressure and uncertain backing from the United States. The package was approved after marathon talks at a summit in Brussels and will be financed through
TikTok’s Chinese owner, ByteDance, has signed binding agreements with three major investors to form a new joint venture that will operate TikTok’s US app, a move aimed at averting a long-threatened ban by the US government. The agreement marks a major step toward resolving years of regulatory and political uncertainty surrounding one of the most
President Donald Trump’s move to relax federal marijuana regulations has been welcomed by the US cannabis industry, but it has not changed the sector’s most persistent challenge. Access to mainstream banking remains limited, even as regulatory pressure eases, reports Reuters. The executive order signals a shift in tone from Washington and reduces some compliance burdens,
European policymakers, global markets, and Washington delivered a flurry of closely watched developments on Friday that underscored shifting geopolitical and financial dynamics. From a major European Union funding commitment to Ukraine, to a breakthrough deal aimed at keeping TikTok operating in the United States, alongside central bank signals in Asia, and a landmark US defense
Billionaire Gautam Adani’s conglomerate plans to invest more than $11 billion in its airports business by the end of the decade, as it looks to expand its footprint across India’s aviation sector, bid for new privatized airports, and diversify into aircraft maintenance and related services. The investment push comes as the group seeks to strengthen
Just weeks before Bulgaria prepares to adopt the Euro, its government is falling apart. Streets are full, parliament is paralysed, and the state is heading for yet another snap election. Bulgaria’s corruption crisis is not sudden. It is the logical outcome of years of unresolved power struggles, weak courts, and a public that no longer
The US Securities and Exchange Commission has said in a recent lawsuit that third-party Bitcoin mining hosting agreements may be classified under federal securities laws. The commission’s position surfaced during a Delaware lawsuit where the regulator had sued VBit Technologies and its founder Danh Vo for defrauding thousands of investors between 2018 and 2022 by