Bloomberg Markets
Brian Quintenz, KalshiEx Board Member and former CFTC Commissioner, said that the recent decision handed down by the Ninth Circuit Court of Appeals provided the company and customers 'more confusion than clarity' when it ruled sports prediction markets can be prosecuted as unlicensed sportsbooks. Quintenz said that prediction market regulation will come down to the Supreme Court to define and that within the law events that have 'any financial, commercial or economic consequence' can have legal
Bloomberg Markets
Eric Balchunas marks the 50th anniversary of the first index fund, the Vanguard 500 Index Fund. It launched on August 31st, 1976 and eventually led the way for passive investing. (Source: Bloomberg)
Yahoo Finance
Yahoo Finance
Financial Times
Federal Trade Commission claims ecommerce giant overcharged about 1.2mn businesses to promote their products
Yahoo Finance
Bloomberg Markets
Brooks Cutright, portfolio manager at Hedgeye Asset Management, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." Index tracking funds have nearly $27 trillion tied to the S&P 500. This Friday the S&P 500 is set to announce who may be added or taken out of the index as part of a rebalancing. Thirty-six companies appear to qualify for entry, while more than 110 existing members no longer meet the index's market-cap hurdle.
(Source: Bloomberg)