CHICAGO — Cardi B was part of Bad Bunny’s Super Bowl halftime show. What she did exactly, well, that turned into a perplexing question for two major prediction markets. At least one Kalshi trader filed a complaint with the Commodity Futures Trading Commission over how the prediction market handled Sunday’s appearance by the Grammy-winning rapper. The result of a similar event contract on Polymarket also drew the ire of some users on that platform. Prediction markets provide an opportunity to trade — or wager — on the result of future events. The markets are comprised of typically yes-or-no questions called event contracts, with the prices connected to what traders are willing to pay, which theoretically indicates the perceived probability of an event occurring. The buy-in for each contract ranges from $0 to $1 each, reflecting a 0% to 100% chance of what traders think could happen. More than $47.3 million…
The operator of roughly 180 Eddie Bauer stores across the U.S. and Canada has filed for Chapter 11 bankruptcy…
LOS ANGELES — The world’s biggest social media companies face several landmark trials this year that seek to hold…
The U.S. Equal Employment Opportunity Commission said Wednesday that it is investigating Nike for allegedly discriminating against white workers.…
For at least two decades, former Amazon executive Dave Clark ended his work week the same way: a standing…
SpaceX on Monday acquired xAI, the artificial intelligence startup that also owns the X social media platform, in a…
Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the…
President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, claiming…
ROME — Italian fashion designer Valentino Garavani has died, his foundation said Monday. Usually known only by his first…
