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Billionaire brothers get regulatory nod to launch prediction market
Yahoo Finance· 2025-12-11 17:22
Core Insights - Gemini Space Station, Inc. has received authorization from the CFTC for its affiliate, Gemini Titan, LLC, to operate as a Designated Contract Market, enabling it to offer regulated event-based prediction markets to US customers [1][2] Group 1: Regulatory Approval - The approval marks the end of a five-year review process that began with Gemini's application for a DCM license on March 10, 2020 [2] - Co-founder Tyler Winklevoss described the approval as "the beginning of a new chapter" for the company, expressing gratitude towards the Biden Administration for ending what he termed a "war on crypto" [3] Group 2: Market Position - With CFTC approval, Gemini Titan joins a limited number of regulated platforms in the US, including Kalshi and Polymarket, which offer event-based trading [5] - Kalshi, founded in 2018, provides event contracts on various topics, positioning itself as a regulated alternative to offshore betting exchanges [5] - Polymarket operates on the blockchain and is the largest prediction market, recently raising $2 billion at a valuation of $9 billion [6] Group 3: Industry Trends - Prediction markets are gaining importance in traditional finance, with a recent Wall Street survey indicating optimism about their future, although some caution remains [6]
Hedge fund manager compares MicroStrategy's Saylor to 'conman' Bankman-Fried
Yahoo Finance· 2025-12-11 16:51
Michael Saylor, the founder and executive chairman of the software enterprise-turned-Bitcoin (BTC) treasury company MicroStrategy (NASDAQ: MSTR), is facing severe attacks from different quarters. Founded in 1989, MicroStrategy—later rebranded to Strategy—began accumulating Bitcoin in 2020 and even the ongoing crypto market crash hasn't deterred the company from purchasing BTC. In fact, it has doubled down on the long-running acquisition operations and bought 10,624 BTC last week despite the threat of bein ...
DJT stock could be at risk as Trump Media headwinds rise
Invezz· 2025-12-11 15:10
Core Insights - The DJT stock price has significantly declined this year due to a failed pivot to the crypto industry, struggles in its core business, and a drop in Donald Trump's approval ratings [1] Company Performance - The company's stock has collapsed as a result of its strategic shift towards the cryptocurrency sector not yielding positive results [1] - The core business of Trump Media is facing challenges, contributing to the overall decline in stock performance [1] Market Context - The decline in stock price is also linked to the decrease in Donald Trump's approval ratings, which may impact investor confidence and market perception [1]
US Regulator Exposes 9 Major Banks That ‘Debanked’ Crypto With ‘Inappropriate’ Restrictions
Yahoo Finance· 2025-12-11 10:19
The U.S. Office of the Comptroller of the Currency has released preliminary findings from a sweeping review into debanking practices at the country’s nine largest national banks, revealing that all of them imposed “inappropriate” restrictions on lawful businesses, including firms operating in the digital-asset sector. The review, ordered under President Donald Trump’s Executive Order on “Guaranteeing Fair Banking for All Americans,” examined practices at JPMorgan Chase, Bank of America, Citibank, Wells F ...
X @Sui
Sui· 2025-12-09 19:57
Cryptocurrency Market Integration - Sui is now included in the Bitwise 10 Crypto Index ETF (NYSE: BITW) [1] - The Bitwise 10 Crypto Index ETF (BITW) now includes Sui [1] Sui Network Highlights - Sui aims to make digital asset ownership fast, private, secure, and accessible [1]
Bankers Readying US IPOs at ‘Overwhelming’ Pace Ahead of 2026
Insurance Journal· 2025-12-09 15:13
Core Viewpoint - The US IPO market is experiencing heightened activity as companies prepare to go public, driven by stock markets nearing record highs and the resolution of previous delays due to the government shutdown [1]. Group 1: IPO Market Activity - The US IPO volume, excluding SPACs and closed-end funds, is expected to exceed $40 billion this year, with Medline Inc.'s IPO potentially raising $5.37 billion, marking it as the largest global debut [2]. - The anticipated IPO volume for 2025 is projected to be significantly higher than last year's figures, although still below the $100 billion levels seen in 2020 and 2021 [3]. - There is a notable increase in IPO pitch activity across various industries, with a more defined list of potential early-year debutants, enhancing the prospects for a strong start in 2026 [4]. Group 2: Companies Preparing for IPOs - A considerable number of companies are preparing for US listings, including Ethos Technologies Inc., Grayscale Investments Inc., and York Space Systems Inc., with many likely to target 2026 for their IPOs [5]. - Other companies considering IPOs but not yet publicly filed include Kraken and Alphonso Inc., along with Bill Ackman's closed-end fund and EquipmentShare [6]. Group 3: Market Sentiment and Predictions - Optimism exists for a strong start to the first quarter of 2026, as several companies transition from the fourth quarter, indicating a continued upward trend in IPO volumes [7]. - High-profile tech companies like SpaceX may influence the IPO landscape, with expectations that at least one or two will pursue public offerings [8]. - The performance of recent IPOs has been mixed, with some underperforming compared to the S&P 500 Index, which may affect investor sentiment towards upcoming IPOs [10]. Group 4: Investor Behavior and Pricing - IPO discounts are expected to remain at the higher end of recent ranges at the beginning of the year, leading to cautious investor behavior [11]. - There is a focus on accurate pricing of IPOs to meet investor expectations, as past performances have shown both significant successes and notable failures [12].
Designer Brands shares pop on profit beat despite revenue dip
Proactiveinvestors NA· 2025-12-09 14:32
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
X @AscendEX
AscendEX· 2025-12-09 10:00
🥳We're excited to partner with @numbersprotocolNumbers Protocol — the provenance infra for humans & AI, improving the efficiency of digital and physical asset transactions🚀Together, we will explore innovative solutions that drive efficiency, transparency, and trust in the digital world. Stay tuned for what’s next!#AscendEX #Numbers #Crypto #Partnership ...
Bit Digital well-positioned to capitalize on Ethereum growth, analysts say
Proactiveinvestors NA· 2025-12-08 17:12
Core Insights - Proactive provides fast, accessible, and informative business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, mining, oil and gas, and emerging technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]