Kraken, a major crypto exchange, just bought Backed Finance. This company makes xStocks, which turns regular stocks into digital tokens. Kraken wants to make these tokenized stocks even more popular. They plan to add xStocks to their global money app. This will make it easier for people to buy, sel
Fanatics, a big name in sports merchandise, is stepping into the world of prediction markets. They've teamed up with Crypto. com to launch a new app that lets users bet on all sorts of things, not just sports. This move is part of a bigger trend where sportsbooks are trying to attract younger audien
The world of betting is changing fast. New companies are popping up, all trying to cash in on the growing trend of prediction markets. These platforms let people bet on all sorts of things, from sports to elections. The rise of these markets is partly due to recent changes in laws and the growing in
Kevin Hassett is likely to take over as the next Federal Reserve Chairman. This is what prediction markets and President Trump's recent comments suggest. Hassett, currently the National Economic Council director, has been a favorite for this role for months. He's been vocal about lowering interest r
The crypto world is seeing more dramatic losses as traders take on bigger risks. In the current market cycle, the average daily losses from failed trades have shot up. Long positions are now seeing around $68 million in daily liquidations, while short positions face about $45 million. This is a big
Kevin O'Leary, a well-known investor and TV personality, has been vocal about his interest in cryptocurrencies and the companies that support them. He believes that investing in both the digital currencies and the infrastructure that powers them is a smart strategy. O'Leary pointed out that if some
InPlay Global is shaking up the world of sports and finance. They're creating a new kind of investment called Performance Securities. These will let people trade shares in sports teams, much like stocks. The idea is to make sports teams into something you can buy and sell, just like companies on the
Crypto markets are known for their wild swings. But what if there was a way to enjoy the upsides without the stomach-churning downsides? That's the question Eric Jackson, a seasoned hedge fund manager, is tackling with his new venture, EMJ Capital. Jackson's firm is gearing up to launch EMJX, a cry
Amazon is shaking things up with a new super-fast delivery service. They're testing it in Seattle and Philadelphia. This service, called Amazon Now, promises to deliver everyday items and fresh groceries in about 30 minutes or less. It's available within the Amazon app for customers in certain areas
Solana's crypto world is changing. Memecoins are losing their charm. In November, they saw their lowest trading volume since February 2024. Just $13. 9 billion changed hands. That's a big drop from January's peak of $169. 5 billion. Meanwhile, prediction markets are on the rise. Polymarket and Kals
