Nicolás Maduro, Prediction Market and Sports Betting
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Prediction market traders ramped up bets that more international shake-ups in places like Greenland and Panama may come after the U.S. operation in Venezuela. The positions come as investors note the Trump administration's shift toward quick and forceful international strikes.
Rep. Ritchie Torres introduced legislation banning federal officials from trading prediction markets. The bill targets trades on platforms like Polymarket related to government policy and political outcomes.
Google will allow ads for federally regulated prediction markets in the U.S. starting January 21st, opening Google Ads to a previously restricted categories.
The White House told Reuters that "utilizing the U.S. military is always an option" when asked about Greenland on Tuesday.
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A congressman wants to criminalize insider trading on prediction markets
Rep. Ritchie Torres' bill would ban government officials from making prediction market trades based on insider information.
Prediction markets on the 2028 race for the White House are showing a major omen for Vice President JD Vance, Newsweek reports. CNN polling analyst Harry Enten said that prediction markets show that Vance has a robust 48% chance of snagging the Republican Party nomination for president in 2028.
Goldman sees the S&P 500 hitting 7,600 by the end of the year, extending the market's bull run but at a more modest pace. AI capex will continue to surge.
Sports betting giants will shake up the prediction market space, and state litigation is likely to increase across the U.S. in the year ahead.