The borrowed money helping to fuel the U.S. stock rally is getting more expensive, and some on Wall Street are starting to wonder how much longer the math will work.
Tag: Securities Enforcement
Polymarket’s annualized revenue has surpassed $1 billion, a source familiar with the matter told Reuters on Friday, highlighting the rapid rise of prediction markets as retail investors flock to trade on everything from elections and sports to financial events.
A federal judge ordered Elon Musk to testify under oath in two proposed class actions accusing him of defrauding voters in swing states before the 2024 election by promising a $1 million-a-day giveaway.
The U.S. Securities and Exchange Commission’s enforcement division is probing funds typically used by private equity firms and other money managers to hold on to assets they either cannot or do not wish to sell, as the agency explores potential issues in private markets, said three people familiar with the matter.
Uber Technologies’ board was sued on Monday by shareholders who accused management and directors of letting the ride-sharing company cut corners on compliance, leading to thousands of lawsuits from victims of sexual assault and harassment.
The Chicago Mercantile Exchange sued the U.S. Commodity Futures Trading Commission and its chairman, Michael Selig, on Thursday, challenging a recent decision to let the prediction markets platform Kalshi and cryptocurrency exchange Coinbase list perpetual futures.
SPACs are making a comeback.
Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things AI, two asset managers disclosed plans to launch exchange-traded funds linked to the new AI-stock acronym that is all the buzz on Wall Street.
Individual investors in the SpaceX IPO hoping to quickly sell their shares for a profit face stricter conditions than large funds over the practice known as flipping – and risk losing access to hot future listings such as OpenAI and Anthropic if they run afoul of these limits.
Investors will soon get a new way to bet on SpaceX’s trajectory: options on the stock are set to begin trading as soon as Tuesday, with early activity expected to be heavy, volatile, and likely expensive.