Prediction markets are increasingly being framed not as gambling platforms but as vehicles for monetizing information, though founders acknowledged the line can blur depending on user intent at Consensus Hong Kong 2026. Ding X, founder of Predict.fun, argued that prediction markets more closely resemble insurance underwriting or poker than roulette. “It’s more information trading and…
Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Berkshire Hathaway added a sizeable stake in Delta Air Lines, marking the conglomerate’s return to the airline industry after exiting the sector entirely during the Covid-19 pandemic in 2020. The Omaha-based company built a position…
NEW DELHI: India has moved a step closer to the big-ticket defence deal on 114 Rafale fighters with France as the country has finalised the Letter of Request (LoR) for the acquisition of the 4.5-generation multirole jets for the IAF.“The LoR is ready and it is expected to be sent to France in a few…
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Asian markets inched higher on Friday amid holiday-thinned trading, with several exchanges remaining closed for the Boxing Day holiday. Regional stocks extended gains after Wall Street ended the week at record highs, while most global markets were shut on Thursday for Christmas.Markets in Tokyo, Shanghai, Seoul and Taipei all posted gains. Japan’s Topix climbed to…
NEW DELHI: India’s digital health mission has crossed a major milestone with more than 90 crore Ayushman Bharat Health Accounts (ABHAs) now created across the country, reflecting the rapid expansion of a nationwide digital health ecosystem that aims to make medical records accessible with a click.The National Health Authority (NHA) on Saturday announced that the…
The U.S. Commodity Futures Trading Commission sued New York on Friday in its latest action to shield what the agency has argued is its unassailable nationwide regulatory authority over prediction market firms. Earlier this week, New York sued Coinbase and Gemini, arguing that their prediction market contracts violated state gambling laws. And last year, the…
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West Bengal Governor RN Ravi dissolves Mamata cabinet; paves way for new BJP government formation NEW DELHI: West Bengal Governor R N Ravi on Thursday dissolved the Mamata government cabinet along with the state Legislative Assembly ahead of the formation of a new government following the recently concluded Assembly elections.According to a government release issued…
Bengaluru/Chandigarh: Congress has packed off nine of its 14 Odisha MLAs to a Bengaluru resort and 32 of its Haryana legislators to the hills of Himachal Pradesh, kickstarting the familiar ritual of unscheduled political vacations as parties seek to ring-fence the pack from horse-trading ahead of the March 16 Rajya Sabha polls. In Bhubaneswar, ex-CM…
