Prediction Markets are Booming. How to Tax Winnings is Anyone’s Guess
Prediction markets are booming, with monthly trading in billions and recent estimate saying new phenomenon could grow to $1T by the end of the decade.
Prediction markets are booming, with monthly trading in billions and recent estimate saying new phenomenon could grow to $1T by the end of the decade.
Global equity funds saw their first weekly outflow in 10 weeks in the week to Nov. 26 as concerns about stretched valuations outweighed optimism.
The S&P 500 has added 10% year to date as of Sept. 5, rocketing by 21 record highs in the process. Particularly astonishing because tariffs imposed.
Gold (GC=F) prices, already at record levels, are likely headed higher as rate cut expectations grow and Fed independence comes into question.
A Fidelity survey shed light on growing divide in the way novice investors and seasoned market participants approach risk, portfolio and construction.
The equity markets may be poised for another leg higher, and one potential catalyst isn’t coming from earnings or macro data.