Core Viewpoint - Coinbase Global Inc. has filed lawsuits against Michigan, Illinois, and Connecticut to assert that the Commodity Futures Trading Commission (CFTC) is the sole regulator of prediction markets, challenging state authority over these markets [1][2]. Group 1: Legal Actions - The lawsuits aim to prevent state intervention, which Coinbase argues could cause "immediate and irreparable" harm to its operations [1]. - Coinbase's Chief Legal Officer stated that state efforts to control prediction markets stifle innovation and violate the law [2]. Group 2: Market Context - The legal actions follow Coinbase's announcement of entering the prediction markets sector through a partnership with Kalshi, a CFTC-regulated platform, with plans to offer event-contract trading starting in January 2026 [2]. - The distinction between prediction markets and traditional sportsbooks is emphasized, with prediction markets being described as neutral exchanges that match buyers and sellers [3]. Group 3: Regulatory Implications - The legal challenge could set a precedent for the regulation of prediction markets across the U.S., potentially influencing the future landscape of this sector [4]. - There is growing tension between federal and state authorities regarding the regulation of emerging financial technologies, with states like Connecticut taking action against operators for allegedly unlicensed products [3]. Group 4: Market Performance - Following the news, Coinbase's stock closed down about 2% at $239.20, having already lost 7% of its value this year [4].

Core Insights - Coinbase is making a significant shift to become a mainstream trading and financial platform, expanding beyond cryptocurrency into broader retail investing products [1][2] Product Expansion - Coinbase is launching a range of new products aimed at transforming itself into a one-stop financial app, which includes stocks, advanced trading options, and prediction markets [2] - The company is also enhancing its on-chain ecosystem and developing new tools for businesses, developers, and automated financial guidance [2] Competitive Landscape - CEO Brian Armstrong aims to position Coinbase as a comprehensive trading platform that includes stocks, futures, perpetuals, and prediction markets through partnerships like Kalshi [3] - The prediction market space is becoming increasingly competitive, with companies like DraftKings, FanDuel, and Polymarket entering the market [4] Market Sentiment and Usage - Armstrong highlighted that prediction markets are not just for trading but also provide insights into public sentiment and expectations regarding future events [4] - He noted that while only about 1% of users trade prediction markets as an asset class, 99% utilize them to gauge future outcomes, positioning them as alternatives to traditional media [5] Earnings Call Insights - During a recent earnings call, Armstrong mentioned the potential for manipulation in prediction market wagers, indicating the need for careful monitoring [5] - He humorously referenced tracking prediction market bets related to Coinbase's upcoming earnings call, emphasizing the relevance of key terms like bitcoin, ethereum, and blockchain [6]

Core Insights - Robin Hood is prioritizing prediction markets as its fastest growing product line in company history [2] - The company is shifting towards a sportsbook model, allowing users to trade on NFL games and players through event trading in the app [2][3] - New features will enable users to trade preset combinations related to game outcomes and player performances, with plans for custom combos in the future [3] Industry Context - The competition in prediction markets is intensifying, with established players like Kelshi and Poly Market [4] - Robin Hood aims to leverage its distribution capabilities by integrating event contracts with stocks and cryptocurrencies, creating a comprehensive trading platform [4]

Core Insights - The company has significantly expanded its prediction markets offering, moving from one market a year ago to thousands, catering to both traders and information seekers [1] - The prediction market is believed to be in the early stages of a super cycle, with expected tremendous growth in trading volumes and usage as a new source of information [2] - The prediction market on Robin Hood provides insights into potential outcomes of events, such as mergers, with real-time updates on probabilities [3][4] Company Developments - The CEO highlighted the increased probability of Paramount acquiring Warner Brothers, which rose from 55% to 75% within 24 hours, showcasing the dynamic nature of prediction markets [4] - The company aims to position prediction markets as superior forecasting tools, allowing users to bypass complex modeling and obtain direct answers to specific events [5] Industry Trends - Prediction markets are gaining traction as a valuable source of information, appearing in sell-side analyst reports and attracting interest from various stakeholders [6] - The ability to provide real-time, exchange-traded prices and forecasts on a wide range of topics allows traders to specialize in areas where they have unique expertise [7] - Customers are increasingly using scientific methods to analyze prediction market data, enabling them to challenge conventional wisdom and leverage their unique insights for trading [8]

Robinhood is expanding its fast-growing prediction market offering with a new pro football-centered feature.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The trading platform is giving users the ability to trade ...

The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction after ending yesterday's choppy session modestly lower.Traders may be reluctant to make significant moves as they attempt to discern the impact of the release of mixed U.S. jobs data.While the Labor Department released a report this morning showing stronger than expected job growth in the month of November, the increase followed a notable loss of jobs in October.The report s ...

悉尼, Dec. 16, 2025 (GLOBE NEWSWIRE) -- 全球领先的在线差价合约与外汇交易提供商 Axi 于今年十月欢庆成立十八周年，彰显了公司将近二十年的蓬勃发展、卓越成就与社会责任担当。 该经纪商成立于 2007 年，总部位于澳大利亚，从最初的两人初创公司发展成为备受推崇的全球性集团公司。目前，Axi 在全球设有 9 个办事处，分别位于澳大利亚、新加坡、英国、迪拜、菲律宾、印度和瓦努阿图等国家和地区，拥有来自超过 45 个国家和地区的 400 多名员工。 Axi 全球各办事处的团队齐聚一堂，通过线下与线上相结合的活动形式——包括员工午间聚餐、文化庆典及在线集会——共同庆祝公司的发展历程与成就。 为了赋予这一里程碑更深远的意义，该经纪商推出了一系列社区公益行动，旨在以有意义的方式回馈社会。 核心亮点包括：向 Foodbank NSW & ACT 捐赠物资——该机构是澳大利亚的食品救助组织，为有需要的澳大利亚人提供餐食援助；与新加坡 NCSF Uplift 合作，通过包容性健身课程为特殊需求群体提供支持；印度地区的 Axi 员工探访非营利性发展组织 Swami Vivekanand Soci ...

Core Viewpoint - Cathie Wood's ARK Invest sold a significant number of Tesla shares primarily for portfolio management reasons, not due to a loss of faith in the company's future potential [2][10]. Group 1: Tesla Share Sale - ARK Invest sold a total of 87,993 Tesla shares, valued at approximately $39.3 million, from the ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW) [2][3]. - Tesla remains the largest holding in both ARKK and ARKW, constituting over 10% of the total investments in these funds [3][9]. - The sale surprised many investors given Cathie Wood's historically bullish stance on Tesla [2][9]. Group 2: Future Outlook for Tesla - ARK Invest maintains a bullish outlook on Tesla, projecting a price target of $2,600 by 2029, indicating a potential increase of over 450% from current levels [3][4]. - The forecast suggests Tesla could achieve approximately 50% annual growth over the next four years [4][9]. - Analysts are divided on Tesla's prospects, with 12 Buy ratings, 12 Hold ratings, and 9 Sell ratings, while the average 12-month price target is $386.42, indicating a possible downside of 15.81% from the last traded price [7][8]. Group 3: Market Context and Strategy - Traditional analysts express concerns over declining car sales, with expectations that Tesla will sell fewer cars in 2025 compared to 2024 [5][9]. - ARK believes that Tesla's AI-trained robo-taxi service will unlock new earnings growth opportunities [5][9]. - The year 2026 is viewed as critical for Tesla, with investors closely monitoring the growth of its Cybercab robo-taxi business [7][9]. Group 4: ARK's Investment Strategy - Alongside the sale of Tesla shares, ARK Invest made new purchases, including 108,557 shares of Robinhood and 97,406 shares of Block, indicating a shift towards fintech [8][9]. - ARK also diversified its portfolio by acquiring shares in companies like Deere & Co, L3Harris Technologies, Schrödinger, and Rubrik, while reducing holdings in Teradyne, SoFi, Iridium Communications, and Ibotta [9].

Cathie Wood’s ARK Invest snapped up more than $11 million worth of Robinhood (NASDAQ: HOOD) shares after the trading platform’s stock slid sharply. Alongside the Robinhood purchase, ARK Invest also increased exposure to its own spot Bitcoin exchange-traded fund, ARK 21Shares Bitcoin ETF (ARKB). The latest purchase came two months after Wood's firm snapped up HOOD shares worth $21.3 million on Oct. 23. Related: Robinhood’s strategy to simplify crypto investing for beginners Robinhood sees reduced trading ...

Core Insights - Axi has been awarded two prestigious titles at the Finance Magnates Awards 2025: "Most Innovative Broker" and "Best Execution Broker" [1] - The recognition reflects Axi's commitment to excellence and innovation in providing competitive advantages for clients and partners [1] Group 1: Awards and Achievements - Axi's recent accolades include the "Best Trading Experience" award at Money Expo Dubai 2025 and multiple awards at the 2025 Global Forex Awards, including Best Broker in the MENA region, Best Broker in Latin America, and Most Reliable Broker in Asia [2] - The awards signify Axi's ongoing success and reputation in the global trading industry [2] Group 2: Company Overview - Axi is a global online forex and CFD trading company, operating in over 100 countries with thousands of clients [3] - The company offers a variety of asset classes for CFD trading, including forex, stocks, gold, oil, and coffee [3] - Established in 2007 and headquartered in Australia, Axi has grown from a two-person startup to a respected global group with over 400 employees across nine offices worldwide [1]