Prediction market Kalshi has launched Kalshi Pro, which it calls a “professional-grade” desktop trading workstation. The new tool runs on the same account, balance and exchange as the regular Kalshi app, but with professional trading tools for “advanced” activity, such as people trading dozens of...
Prediction markets like Kalshi and Polymarket are betting on growth across new financial products. The industry’s product menu already stretches from political elections and World Cup matches to weather events. It now includes reality television, with Kalshi’s first markets tied to “Love Island USA” helping...
Goldman Sachs Group has updated its personal trading policy to ban employees from trading on event contracts related to specific companies, election outcomes or the performance of any financial market, Bloomberg reported Thursday (July 9). The policy also bans trading on event contracts having to...
Prediction market Kalshi is reportedly eyeing a move into the derivatives space. This expansion would cover things like metals, foreign exchange and energy markets, a company executive told Reuters in an interview published Thursday (July 9). The plan is to compete against traditional exchange operators by offering perpetual futures...
Consumer credit rarely moves in a straight line, and May’s Federal Reserve data offered a reminder that one month’s pause can support more than one interpretation. After two months of brisk growth, revolving consumer credit, which includes credit card balances, declined at a 4.7% annualized...
More than a year after the first tariffs of the current Trump administration were implemented, about half of companies are still raising prices to pass through those costs to consumers, New York Fed economists wrote in a Wednesday (July 8) blog post. A New York...
Consumers expect inflation to rise more than they expected a month ago, even as they expect gas prices to drop, according to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations. Compared to May, consumers’ median inflation expectations rose in June by...
New data shows supply chain pressures abating following a four-year high earlier in the year. The Federal Reserve Bank of New York’s Global Supply Chain Pressure Index moved to 1.25 from an upwardly revised 1.81 in May, the bank announced Monday (July 6). In April,...
Prediction markets have reportedly seen a surge in trading volume thanks to the World Cup. Kalshi saw more than $31 billion in notional volume in June, a 70% increase from May, CNBC reported Saturday (July 4), citing Dune Analytics. The platform has consistently seen volumes...