Kalshi US visits soar 1,500% as regulatory pressure mounts
Kalshi’s US web traffic climbed more than 1,500% in less than a year, while trading volume grew even faster and legal scrutiny of its sports contracts…
People under 21 can’t use most sportsbooks — so they’ve wagered over $5 billion on Kalshi instead
A new American Gaming Association analysis finds underage sports betting is flourishing on prediction markets. Source：MarketWatch
How GoPro went from viral camera sensation to a victim of smartphone ubiquity
Advancements in smartphone technology have made GoPro cameras irrelevant to “anyone beyond hardcore sports enthusiasts or professional creators,” one analyst…
New Jersey officials petition US Supreme Court over prediction markets
New Jersey’s Attorney General and gaming authorities filed a petition for a writ of certiorari to the US Supreme Court over Kalshi offering sporting event…
From Hawala to Swift: Inside the 1,000-year battle to move money safely
Finance has spent centuries decoupling wealth from physical transport, but constantly erasing friction creates vectors for increasingly hightech exploits.…
How Foot Locker went from a sneakerhead destination to a store struggling to get rid of old shoes
Dick’s Sporting Goods has faced challenges fixing Foot Locker since acquiring it last year. Some skeptics are asking: “Why buy it in the first place?”…
12 stocks for ‘bottom-fishing’ investors looking for cheap growth opportunities
Companies with stocks near 52week lows that analysts expect to roar back include Dick’s Sporting Goods, McDonald’s and L3Harris. Source：MarketWatch
Dick’s Sporting Goods’ stock is having its worst day ever, as sneakers aren’t selling without deeper discounts
Shares of the sportinggoods retailer suffering a record selloff as profit and sales missed expectations and the fullyear outlook was slashed. Source：MarketWatch
The Treasury, the Fed and the threat to your money
Also in Weekend Reads: The Gen Z online sportsbetting trend, what’s next for Apple as Tim Cook exits, and a bullish take on Nvidia heading into earnings.…
Sports betting to build wealth is becoming the new American dream
More people under 30 are using gambling as a shortcut to buying a home or paying student loans Source：MarketWatch
Wall Street wants to turn sports betting into ETFs. Critics call it dangerous ‘nonsense.’
The convergence of investing, trading and sports betting may be getting a major shot in the arm — or shot on goal — starting with 32 new exchangetraded funds.…
More than half of Gen Z redirected money away from investing and toward sports betting over the past year
The results of a recent survey from wealthmanagement platform Betterment are making America’s financial advisers cringe. Source：MarketWatch