Cboe Global Markets Inc
Many on Wall Street saw this ‘TACO’ coming as Trump’s brinkmanship starts to lose grip on market
Key Points The “TACO” trade — TACO being shorthand for Trump Always Chickens Out — has increasingly shaped positioning. Each bout of geopolitical-driven selling has become progressively more muted since April 2025. The market’s growing confidence is also raising a new question: What happens if markets stop acting as a constraint on Trump? Wall Street […]
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House Democrats call on federal regulator to crack down on offshore prediction market war bets
Rep. Seth Moulton, D-Mass., arrives for the House Democrats’ caucus meeting in the Capitol on Thursday, Nov. 15, 2018. Bill Clark | CQ-Roll Call Group | Getty Images A group of House Democrats pressed the Commodity Futures Trading Commission in a letter sent late Monday on why the agency has not cracked down on bets […]
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Polymarket removes wagers on U.S. service member rescue mission in Iran
Samuel Boivin | Nurphoto | Getty Images Polymarket removed a forum related to the rescue mission of U.S. military servicemembers amid political pressure, the latest sign of mounting scrutiny around prediction markets. Rep. Seth Moulton, D-Mass., decried the Polymarket page that allowed users to bet on which day the U.S. would confirm the rescue of […]
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Warner, Schiff probe potential insider trading in government
Senator Mark Warner (D-VA) and Sen. Adam Schiff (D-Calif.). Nathan Posner | Anadolu | Tom Williams | CQ-Roll Call, Inc | Getty Images Sens. Mark Warner, D-Va., and Adam Schiff, D-Calif., demanded answers on potential insider trading in government in a letter sent Thursday to the head of the Securities and Exchange Commission and the […]
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Wall Street’s rough month, Powell’s inflation outlook, GLP-1 subscription and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. In a partnership you might not have seen coming, Warren Buffett is teaming up with the NBA’s Stephen Curry to revive his iconic charity lunch. Stock futures are rising this morning. The S&P 500 ended yesterday’s session within striking distance […]
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Prediction market bets on sports, election, war would be verboten under new legislation
Sen. Jeff Merkley (D-OR) speaks at a news conference on his marathon overnight speech on the Senate floor at the U.S. Capitol Building on Oct. 22, 2025 in Washington, DC. Andrew Harnik | Getty Images A group of congressional Democrats on Thursday introduced legislation that would ban prediction market bets on elections, government actions, war […]
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Prediction markets’ new insider-trading restrictions aren’t enough, bipartisan senators say
A pair of bipartisan senators on Wednesday said they’re keeping their push to ban sports prediction market contracts, despite Kalshi and Polymarket announcing new insider-trading restrictions on their platforms. “It’s got to be more than an aspirational statement by these companies,” Sen. Adam Schiff, D-Calif., told CNBC’s “Squawk Box” when asked about those platforms’ self-imposed […]
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Arizona charges Kalshi with criminal misdemeanors, alleging it’s an illegal gambling operation
The Kalshi market “Will Iran effectively close the Strait of Hormuz for 7+ days?” appears on a smartphone screen, with the Kalshi logo displayed on a laptop computer screen in the background, in this photo illustration taken in Chania, Greece, March 9, 2026. Nikolas Kokovlis | Nurphoto | Getty Images Arizona’s attorney general has filed […]
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Prediction markets face questions on bets on the Iran war, from nuclear detonation to regime change
TKO Group Holdings Inc. and Polymarket signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, Nov. 13,2025. Michael Nagle | Bloomberg | Getty Images The Iran war has shone a light on what prediction markets regard as unacceptable subjects for betting, as they faced backlash when users […]
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Merkley proposes prediction market ban for government officials after Maduro, Iran bets
U.S. Sen. Jeff Merkley (D-Ore,) speaks during a press conference addressing a new policy that demands recipients of foreign military aid to follow international humanitarian law at the U.S. Capitol in Washington, U.S., February 9, 2024. Nathan Howard | Reuters Payouts to unnamed bettors after the ouster of former Venezuelan President Nicolás Maduro and the […]
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