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Less props for prediction markets under proposal
Prediction markets such as Kalshi and Polymarket could soon be barred from offering certain types of sports-related event contracts, including those involving officiating outcomes or player injuries. The Commodity Futures Trading Commission, the federal agency that regulates prediction markets, on Wednesday released a 267-page proposal that would rework and more carefully define some of the rules governing prediction markets and the types of event contracts they can offer. The proposed...
Mike Ashley’s Frasers makes €1.98bn takeover offer for Hugo Boss
Fashion and sportswear group, which owns 26% of the German luxury brand, is now seeking full controlMike Ashley’s retail group, Frasers, has launched a near €2bn takeover offer for the German luxury fashion brand Hugo Boss. The fashion and sportswear group, which owns 26% of Hugo Boss, said it is offering to pay about €1.98bn (£1.73bn) for the remainder of the business to take full control.
Trump to Iran: We just took your oil
Trump to Iran: We just took your oil It’s unclear how the ‘millions of barrels’ Trump spoke of would have been removed without Tehran’s knowledge - Bookmark - CommentsGo to comments President Donald Trump on Wednesday claimed the United States has been secretly removing massive amounts of crude oil from Iranian control on a nightly basis under cover of darkness as he downplayed inflation data showing prices have spiked at over four percent for the second consecutive month — the highest level...
Most withdrawals from Ares private credit fund came from outside US, CEO says
Most withdrawals from Ares private credit fund came from outside US, CEO says NEW YORK, June 10 : Most of the requests to withdraw money from a private credit fund for the wealthy run by alternative asset manager Ares came from outside the United States, its CEO said on Wednesday. "We had 11 per cent redemption requests. It was from less than 5 per cent of our investors.