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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

Franklin Templeton Introduces Equity SMA Models on Orion’s Platforms

The arrangement will provide enhanced access to Franklin Templeton’s diversified SMA product suite, across its specialist investment managers, by advisors who utilize those investment models.

Companies

Google’s Ad Empire Under Fire As US Antitrust Trial Begins

Google headed back to court to face US Justice Department allegations that it manipulates the $677 billion display advertising market.

Companies

Raskob Kambourian To Pay $1.8 Million For Failure To Disclose Fee Increases

Raskob Kambourian Financial Advisors has agreed to pay $1.8 million to settle allegations of failing to disclose fee increases to clients.

Washington Wire

Both Political Parties Agree On Creating A Sovereign Wealth Fund

Bipartisanship in the United States is rare, especially during election season.

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FundFocus

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

Companies

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

The Trust Advisor

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

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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