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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

'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.

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

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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Companies

JPMorgan Leads Banks In Dimming Outlooks, Spoiling Win On Rules

US banks scored a big break from regulators on new capital rules — only to ruin their own celebration with downbeat outlooks on lending.

Washington Wire

Wall Street Worries Harris Tax Plan Would Hurt US Corporate Profits

Wall Street is anticipating a hit to corporate earnings and the stock market if Democratic presidential candidate Kamala Harris wins in November.

Advisor Wellness

Robinhood's Crypto Settles For $3.9 Million To Resolve Allegations

Robinhood’s crypto subsidiary has agreed to a $3.9 million settlement to resolve allegations of locking investor assets on its platform.

FundFocus

Here's The 'Magical' Moment Goldman Sachs Sees For Tech Stocks

To get big tech stocks powering higher again, it will take the convergence of two factors, says Goldman Sachs' veteran tech analyst Kash Rangan.

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FundFocus

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

The Trust Advisor

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

Companies

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

Advisor Technology

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

Companies

Why JPMorgan Is Warning Tesla Stock May Crash 60%

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