Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets pared gains Tuesday as oil prices rebounded, underscoring lingering uncertainty over the Middle East conflict. Brent crude futures for May rose over 3.5% to $103.7 per barrel…
A pumpjack stands at the Inglewood Oil field in Los Angeles, California on March 17, 2026. Patrick T. Fallon | Afp | Getty Images Oil prices gained in Asia trading Tuesday after clocking steep declines overnight, as traders assess developments related to the Middle East conflict. Brent crude futures for May rose over 3% to…
Luana Lopes Lara, co-founder of Kalshi, spends all day thinking about probabilities. Coming out of an elite math degree background and positions at some of the most successful hedge funds in the world, a mindset focused on thinking clearly about potential outcomes comes naturally to her. But the youngest self-made female billionaire ever still had…
U.S. Sen. Jeff Merkley (D-Ore,) speaks during a press conference addressing a new policy that demands recipients of foreign military aid to follow international humanitarian law at the U.S. Capitol in Washington, U.S., February 9, 2024. Nathan Howard | Reuters Payouts to unnamed bettors after the ouster of former Venezuelan President Nicolás Maduro and the…
Buying contracts on prediction markets is just another word for “gambling,” says former Trump White House Chief of Staff Mick Mulvaney, who is leading a coalition that wants state authorities, not a federal commodities agency, to regulate that growing industry. “The simple answer is that it’s gambling. It just is,” Mulvaney told CNBC’s Contessa Brewer,…
Prediction markets are facing renewed scrutiny from federal lawmakers after wagers about the fate of Iranian leader Ayatollah Ali Khamenei, who was killed in the Saturday bombardment of Iran. “It’s insane this is legal,” said Sen. Chris Murphy, D-Conn., in a post to X, referring to another post highlighting people who had made money on…
Traders work on the floor of the New York Stock Exchange during morning trading on February 20, 2026 in New York City. Michael M. Santiago | Getty Images Markets have taken U.S. President Donald Trump’s latest tariff salvos largely in their stride, with investors assessing whether the moves will have a lasting impact on trade…
Michael Selig, U.S. President Trump’s nominee to serve as Commodity Futures Trading Commission (CFTC) chairman, testifies in a Senate Agriculture Committee hearing on his nomination on Capitol Hill in Washington, D.C., U.S., Nov. 19, 2025. Jonathan Ernst | Reuters The Commodity Futures Trading Commission filed an amicus brief in federal court on Tuesday to assert…
Polymarket banner outside the New York Stock Exchange on Oct. 7th, 2025. Kevin Stankiewicz | CNBC Prediction markets are booming, with monthly trading in the billions and a recent estimate from a consulting firm saying that the relatively new phenomenon could grow to $1 trillion by the end of the decade. That’s a lot of…
Edward Woodford, founder and CEO of crypto infrastructure firm zerohash. Courtesy: zerohash Crypto infrastructure startup Zerohash has raised $104 million in funding with backing from financial firms including Morgan Stanley and SoFi, CNBC has learned. The Series D round was led by Interactive Brokers, the global automated trading firm, and includes strategic investors who are…
