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Bloomberg
Financial

Prediction Market Betting Stretches Past Sports

The rapid growth of prediction markets is raising questions about sports wagering, younger traders, market manipulation, and regulation. Sean Patrick Maloney, CEO and President of the Coalition for Prediction Markets, argues federally regulated platforms should be treated as financial markets overseen by a well-funded CFTC, rather than casinos. He joins Bloomberg Businessweek Daily to discuss the industry's safeguards, the controversy surrounding sports contracts, and why he expects prediction markets to expand further into politics and financial markets.

Leia mais: Prediction Market Betting Stretches Past Sports
Bloomberg
Financial

Fmr. Fed Gov. Randy Kroszner: Warsh's Statement Will Give Little Hint About Next Move

Former Fed governor and University of Chicago Booth School of Business Economics Professor Randy Kroszner said the Fed is widely expected to leave rates unchanged, though he anticipates some dissenters may favor acting sooner because inflation has not eased as hoped. He expects most policymakers to see no urgency to move, while remaining alert to renewed inflation and inflation expectations. He speaks with Scarlet Fu & Kristine Aquino on "The Close."

Leia mais: Fmr. Fed Gov. Randy Kroszner: Warsh's Statement Will Give Little Hint About Next Move
Bloomberg
Financial

Montage Intl. CEO: Future Bookings Are Higher Into 2027

Alan Fuerstman, Founder and CEO of Montage International, said luxury travel demand has remained resilient despite higher costs and geopolitical uncertainty. He described the business as coming off a record year and said future bookings are up going into next year, with record holiday-period bookings at resorts across the U.S. and Mexico. He speaks with Scarlet Fu & Kristine Aquino on "The Close."

Leia mais: Montage Intl. CEO: Future Bookings Are Higher Into 2027