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U.S. President Donald Trump on Friday said he was asking the Department of Justice to investigate Jeffrey Epstein's alleged ties with Bill Clinton, Larry Summers, Reid Hoffman, J.P. Morgan Chase and others.
There was a potentially industry-rocking development buried in the quarterly results from Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT). The owner of European brands such as Paddy Power and BetFair, as well as FanDuel in the US, is moving into one of the buzziest corners of the US fintech-meets-gambling world: prediction markets.
Less than a year into Donald Trump's second term, the optimism that once surrounded Trump Media & Technology Group (TMTG) has sharply faded. The company behind Truth Social reported another steep quarterly loss as revenue declined and expenses climbed, underscoring its struggle to turn political visibility into financial stability.
Investor sentiment towards US-exposed bookmakers such as Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT), Draftkings Inc (NASDAQ:DKNG) Entain PLC (LSE:ENT) is currently dominated by "caution and fear" due to the rise of prediction markets. This was one of the key takes from the Berenberg leisure analysts after a trip to the US, where they encountered “the most concern and fear we have felt sinc...
Trump Media & Technology Group reported a bigger third-quarter loss and a decline in revenue on Friday, squeezed by a surge in expenses, highlighting the Truth Social parent's steep financial hurdles.
Trump Media and Technology Group said on Tuesday it will introduce prediction markets on its social media platform Truth Social through a partnership with Crypto.com, as event-driven markets continue to make inroads into mainstream finance.
Trump Media & Technology Group on Monday said that it will embed prediction-market trading into its Truth Social platform through an exclusive tie-up with Crypto.com's Derivatives North America (CDNA). The new prediction market, branded “Truth Predict,” aims to turn social engagement into tradable event contracts and marks a major expansion of the company's fintech ambitions.
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