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The UK's benchmark FTSE 100 index fell to its lowest level in more than two weeks on Thursday, weighed down by sharp declines in Asia-focused lenders and miners after reports of tighter offshore banking restrictions in China. Lower crude oil prices also dragged energy stocks lower, adding to the market's weakness.
London, United Kingdom, May 13th Prediction markets have experienced significant growth, with platforms covering areas such as sports outcomes, election results, and cryptocurrency price movements now processing substantial daily trading volumes. However, many participants continue to rely on subjective judgment, including personal intuition, recent news, or prevailing market sentiment, when selecting positions.
Wisconsin sued five prediction market platforms and their affiliates Thursday (April 23), alleging that they operate illegal sports betting operations in the state. The complaints target Kalshi, Robinhood, Coinbase, Polymarket, Crypto.com and their affiliates, the Wisconsin Department of Justice said in a Thursday press release.
