Polymarket CEO Shayne Coplan said the company has been cleared for a US launch.Eugene Gologursky/Getty Images for The New York TimesPrediction markets like Kalshi and Polymarket have surged in popularity.While some trading firms are actively using the platforms, hedge funds are mostly interested in their data.Dysrupt Labs in Australia, for example, uses prediction markets to …
BI's editorial team at Davos. (And yes, that's Claudia Romo Edelman's Sotol Romo brand behind us. In Davos, you can never get too far from business.)BIThis post originally appeared in the BI Today newsletter.You can sign up for Business Insider's daily newsletter here.Davos (Business Insider version)The global elite of Davos probably isn't what you think …
Traders are betting that New York will see 10 inches of snowfall or more this weekend.JEWEL SAMAD/AFP via Getty ImagesStormwatchers are betting on how much snow New York will get this weekend.Winter Storm Fern is barreling through the US, impacting 180 million people.Prediction market users have already bet hundreds of thousands of dollars on snow …
The National Basketball Association postponed the game between the Golden State Warriors and Minnesota Timberwolves on Saturday.Bruce Kluckhohn/APThe Warriors and Timberwolves were set to play at Target Center in Minneapolis on Saturday.The NBA said the game was postponed to prioritize safety.ICE agents fatally shot a man on Saturday amid ongoing clashes with Minneapolis residents.The Saturday …
More than 533,000 people filed for bankruptcy last year.Boy_Anupong/Getty ImagesPersonal bankruptcy filings are on the rise in the US.Some young people have taken to TikTok, framing their bankruptcies as life-changing wins.Financial experts caution that bankruptcy should be treated as a last resort due to the risks.For a growing number of Americans on social media, bankruptcy …
Travelers are likely to experience delays at airports as airlines reduce their flight schedules by 10% during the shutdown.Grace Hie Yoon/Anadolu via Getty ImagesThousands of flights have been canceled this weekend as the US braces for a major winter storm.The storm is set to stretch over 2,000 miles from New Mexico to Maine.Airlines must refund …
Amazon CEO Andy JassyJordan Strauss/APAmazon is expected to conduct another round of corporate layoffs.Amazon employees are swapping memes about the layoffs in an internal Slack channel.The jokes riff on Amazon founder Jeff Bezos' "two-pizza rule."Amazon employees are doing what Big Tech workers often do when they're anxious about layoffs: making memes.The company is expected to …
Enterprise Rent-A-Car is the latest company to find itself facing backlash amid anti-ICE protests in Minnesota.ShutterstockPeople are calling Enterprise rental locations in Minnesota as part of an anti-ICE protest.A campaign urged people to "ICE OUT Enterprise" and disrupt its operations by reserving rental cars and then later canceling.A viral video shows protestors with signs outside …
BI's editorial team at Davos. (And yes, that's Claudia Romo Edelman's Sotol Romo brand behind us. In Davos, you can never get too far from business.)BIThe world's largest gathering of business and political leaders has concluded in Davos.Business Insider's team was on the ground reporting live from the snowy streets.These are their biggest takeaways.And that's …
Bill GrossMary Hurlbut/Stu News LagunaBill Gross says the record stock rally needs fresh support to sustain its momentum."Valuation casts a shadow over markets in 2026," the bond billionaire wrote in an outlook.Gross told BI that rate cuts, rapid earnings growth, and evidence of AI's benefits could help.Bill Gross says the stock market's record rally is …
