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Event Bets Pose A Problem For Wall Street Firms Looking To Trade

by The Wealth Advisor Contributor
(Bloomberg) - Prediction markets are booming. Wagers on everything from the return of Jesus Christ to who will win the World Cup have driven weekly volumes on platforms like Polymarket (POLA.PVT)and Kalshi (KLSH.PVT) into the billions of dollars.

Featured

Here’s What’s Been Sailing Through Hormuz as Trump Vows Blockade

'Not As Bullish': Big Banks Are Entering Q1 Earnings Season On Less Certain Footing Than In January

(Yahoo!Finance) - Wall Street’s biggest banks are riding into the first quarter earnings season on far less certain ground than where they began 2026.

Portfolio Construction Remains The Dominant Determinant Of Long-Term Investment Outcomes

Portfolio construction remains the dominant determinant of long-term investment outcomes, even as markets evolve and macroeconomic conditions grow more complex.

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TAMPs

Sowell: What Is Bitcoin Anyway?

It isn't a stock even though people hope its return profile will resemble equity performance. It isn't a currency or a commodity. Is it naked FOMO?

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BofA’s Carey Hall Says Stock Sentiment Nearing ‘Sell Signal’

Her forecast would imply a slide of about 14% for the benchmark gauge of American equities from its current levels as earnings hit a wall.

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Mark Mobius And Others: China Tough But Not "Uninvestable"

The Nasdaq Golden Dragon China Index, which tracks 98 of China’s biggest firms, plunged 22% in July, its biggest drop since the 2008 crash.

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Citi: S&P 500 Overdue 10% Correction

Levkovich said there’s some potential for volatility and reiterated his views identifying four "disconcerting" catalysts as we look toward September.

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'The End Of The Road': Market Heavyweights Michael Burry And Jeff Gundlach Eye Trouble Ahead For Private Credit

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Jamie Dimon Highlights Iran War, Private Credit, And AI-Driven Job Losses As Major US Risks In His Annual Letter

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Campbell’s Soup Heirs, Colleges Fight Over $65 Million Endowment

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Vanguard Launches "Expert Insights," Equipping Advisors With AI-Powered Portfolio Analysis Expertise

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Why JPMorgan Is Warning Tesla Stock May Crash 60%

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