The Commodity Futures Trading Commission (CFTC) has ordered Kalshi to continue operating its prediction market exchange after New York sought to shut it down, citing a market emergency. The CFTC argued that forced liquidation of certain positions, including a hypothetical bitcoin contract, could cause widespread financial disruption beyond just prediction markets. This move counters New York's gambling law enforcement, which claims Kalshi's contracts are illegal sports wagers. However, a federal judge recently ruled Kalshi's contracts are not swaps under federal law, complicating jurisdiction. The legal battle highlights a split among courts on whether such event contracts fall under federal swap regulations, with implications for state versus federal control over these markets.
The iShares North American Natural Resources ETF (IGE) offers a focused portfolio heavy on oil and gas with strong value traits and favorable macroeconomic conditions. However, it consistently underperforms compared to peer ETFs in both long-term and...
RLX Technology reported a 14.8% increase in Q2 2026 revenues to RMB1.01 billion, driven by international expansion and a recent acquisition. Gross margin improved to 35.4% due to better revenue mix and supply chain efficiencies. The company acquired ...
Banco do Brasil reported weak 2Q26 results, showing that while the credit quality of its Agribusiness loan portfolio is stabilizing, credit problems have shifted to the Individuals segment. The bank's headline profit appeared better, but underlying c...
Solana is set to launch its Alpenglow upgrade, which aims to reduce transaction finality time from about 12.8 seconds to roughly 150 milliseconds. This upgrade enhances the network's ability to confirm that transactions cannot be reversed much faster...
Reddit stock has dropped over 22% since early July, making it an attractive buy ahead of its scheduled inclusion in the S&P 500 index on August 18, 2026. This inclusion typically triggers automatic fund buying and significant price spikes, as seen wi...
