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For Brandon Mintz, it was the text messages and calls that started rolling in from friends and colleagues asking how high bitcoin prices could go. Strategic reserve could set off 'bitcoin space race'Under this idea, the U.S. would establish a “strategic bitcoin reserve,” like the ones it already maintains for gold and oil. A day later, Trump echoed the strategic reserve idea, though did not put a specific figure on it. On Nov. 6, Lummis posted on X in all-caps, “WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE,” alongside two American flags. For crypto supporters, a strategic bitcoin reserve would send a signal to markets and countries alike about the digital token’s value.

Persons: Brandon Mintz, Lee Bratcher, Donald Trump’s, Bratcher, ”, Trump’s, ’, Mintz, ” Mintz, they’ve, ‘, Ric Edelman, ” Edelman, JP Richardson, Trump, Nicholas Percoco, ” Percoco, —, Robert F, Kennedy Jr, Human Services —, Sen, Cynthia Lummis, Lummis, David Bailey, Michael Terpin, “, ” Terpin, He’s Organizations: American Blockchain, Republican, Texas Blockchain, NBC News, FBI, Trump, Securities and Exchange Commission, Commodity Futures Trading Commission, Edelman Financial Services, Liberty, Strategic, Bitcoin Conference, Department of Health, Human Services, Social Security, BTC Inc, Bitcoin Locations: Texas, Dallas, Bitcoin, bitcoin, U.S, Nashville

NEW YORK CITY — The FBI seized a cellphone and other electronic devices of betting site Polymarket’s CEO Shayne Coplan in a raid on his New York City apartment early Wednesday, according to a source familiar with the matter. The search comes shortly after the company’s markets wagered correctly and controversially in Donald Trump’s favor in bets for who would win the presidential election, despite opinion polls showing a tight race. The source said it’s not clear if Coplan or Polymarket are targets of an investigation. Polymarket, which Coplan founded in 2020, has recently been the subject of intense debate and scrutiny over its creation of election betting markets. The company brought in more than $3.6 billion from bets placed on the presidential election, including $1.5 billion on Trump and $1 billion on Vice President Kamala Harris, according to an NBC News analysis.

Persons: Shayne Coplan, Donald Trump’s, Coplan, “, Kamala Harris, Polymarket, Biden, ” Coplan, ” Shayne Coplan, Matthew Reeves, ” Nicholas Biase Organizations: FBI, New, Trump, NBC, Futures Trading Commission, NBC News, Polymarket, U.S Attorney’s Office, of Locations: New York City, cryptocurrency, Polymarket, Chicago, Southern, of New York

☆ Polymarket CEO Shayne Coplan attacks Biden and Harris after FBI raid
▼ + stars: | 2024-11-14 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

The FBI raided Polymarket CEO Shayne Coplan's home on Wednesday, a company spokesperson said. A company spokesperson told Business Insider the raid took place at Shayne Coplan's Manhattan home Wednesday morning, without elaborating. Related Video Why Sam Bankman-Fried is facing up to 110 years in prisonSoon after the raid, Coplan, 26, posted on X: "New phone, who dis?" The Polymarket spokesperson said the raid was an act of "political retribution" by the Biden administration against a "fully transparent prediction market." AdvertisementA Biden administration spokesperson did not respond to a request for comment.

Persons: Shayne Coplan's, Polymarket, —, Donald Trump's, Sam Bankman, Chainalysis, Coplan, CNBC's, Peter Thiel's, Vitalik Buterin, Joe Biden, Kamala Harris, Elon, Trump, Biden Organizations: FBI, Bloomberg, Service, Polymarket, Shayne Coplan's Manhattan, Department of Justice, Futures Trading Commission, Traders, Trump, Fund, Apple Locations: Coplan, France, American

Bitcoin is trading near record levels, and Kalshi users are betting that the cryptocurrency could rise above $100,000 before the end of 2024. Kalshi data on Tuesday showed that 60% of users are betting that bitcoin could hit the $100,000 mark before January. The digital currency has rallied more than 28% since the U.S. presidential election last Tuesday. The prediction markets were volatile ahead of the election, but they were generally more bullish on Trump than traditional polling. However, odds and gambling platforms do not use methodologies used by traditional political polling, and therefore are not substitutes for political polls.

Persons: Donald Trump, Bitcoin Organizations: Commodity Futures Trading Commission, Trump, Metrics

☆ ETF world buzzing about new cash flooding into funds seen winning from Trump trades
▼ + stars: | 2024-11-11 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

"For example, during Trump's previous administration, deregulation in the energy sector boosted oil and gas stocks, benefiting energy ETFs." Aggregate Bond ETF (AGG) and Vanguard Total Bond Market Index Fund ETF (BND), two of the world's largest bond ETFs, and longer-term funds like iShares 20+ Year Treasury Bond ETF (TLT). Crypto ETFS having big year and getting bigger Since launching in January, crypto ETFs have attracted roughly $70 billion in assets, one of the most successful ETF launches ever. Bitcoin ETFs including the iShares Bitcoin Trust (IBIT), the largest bitcoin ETF by assets under management, have seen significant inflows since October. Rosenberg at Texas Capital acknowledges that certain ETF sectors, like industrials ( Vanguard Industrials Index Fund ETF , or VIS; iShares U.S. Industrials ETF , or IYJ), "could be hurt by more tariffs."

Persons: Trump, Tom Lydon, John Davi, iShares Russell, ROE, Matt Bartolini, Bartolini, Gavi, Edward Rosenberg, Gary Gensler, Michael Novogratz, Cathie Wood, Todd Sohn, Wood, Davi, Rosenberg, industrials Organizations: Astoria, CNBC, Potential Trump, Bank ETF, Assets ETF, Trump, ETF Research, Street Global Advisors, Regional Bank ETF, Treasury, Aggregate Bond, Vanguard, Fund, Treasury Bond ETF, Texas, SEC, Commodity Futures, Galaxy Digital Holdings, ARK, Innovation, ARKK, Downside, China ETF, Texas Capital, Index, Industrials, U.S, Edge Locations: Astoria, Congress, rulemaking, Coinbase, China, Mexico

☆ Billions were bet on election odds using online markets
▼ + stars: | 2024-11-09 | by ( Bruna Horvath | Bruna Horvath Is An Intern On Nbc News' Tech Team. | ) www.nbcnews.com time to read: +3 min

Election betting platforms brought in billions of dollars as users around the world wagered on who would win Tuesday’s U.S. presidential election, according to an NBC News analysis of betting platforms. Michigan and Georgia followed close behind, and the rest of the swing states were all in the top 15 states with the highest trading volume. On both Polymarket and Kalshi, bets on swing states alone made up around half of the total trading volume on state outcomes. One Polymarket bettor, who identified himself as “Théo” in an interview with The Washington Post, had bet over $28 million on Trump winning the presidential election using multiple betting accounts. “Théo” had put money down on all the swing states, according to Polymarket’s analytics.

Persons: Donald Trump, Kamala Harris, Eric Zitzewitz, “ There’s, Will, ” Zitzewitz, bettor, “, Théo ”, Polymarket, Shayne Coplan, “ Théo, Zitzewitz Organizations: U.S, NBC, Dartmouth University, Republicans, Alabama, Democrats, California, Washington Post, Trump, Futures Trading Commission, Bloomberg Locations: Pennsylvania, Kalshi . Michigan, Georgia, U.S, America

☆ Polymarket plans U.S. return after signaling Trump election win, founder says
▼ + stars: | 2024-11-07 | by ( Jacqueline Corba | ) www.cnbc.com time to read: +1 min

Online election betting platform Polymarket plans to bring its prediction markets back to customers in the United States, on the heels of accurately forecasting the electoral win of President-elect Donald Trump. "I want to give a lot of credit to the people who fought the battle to go and legalize political prediction markets in America," Polymarket founder and CEO Shayne Coplan told Andrew Ross Sorkin on "Squawk Box," in his first live TV interview Thursday. Polymarket's betting platforms are currently only available to customers outside of the United States. In 2022, it halted U.S. operations and paid a $1.4 million penalty to settle charges with the Commodity Futures Trading Commission that it had failed to register with the commission. In October, the U.S. Appeals Court for the District of Columbia Circuit lifted a freeze on competitor Kalshi's election contracts that was put on by the Commodities Futures Trading Commission.

Persons: Donald Trump, Shayne Coplan, Andrew Ross Sorkin, Patricia Millett, Kalshi, Robinhood, Thomas Peterffy Organizations: Futures Trading Commission, Appeals, District of Columbia Circuit, Commodities Futures Trading Commission, Interactive Locations: United States, America, U.S

The social media ads have flooded platforms including Facebook, Instagram and X. One advertisement — viewed more than 900,000 times on Facebook and Instagram since Oct. 28 — depicts Trump winning in the Polymarket odds, according to the Meta Ad Library. A separate sponsored campaign from the right-wing social media personality Shaneyy Richh included nine advertisements promoting Polymarket forecasts. Based on user bets, Polymarket says Trump’s odds of winning are roughly 65.5% and Harris’s odds of winning are 34.5% as of Oct. 31. The company has also used social media to promote election betting, spending over $140,000 on Meta ads, according to the company's ad library.

Persons: Donald Trump’s, Kamala Harris, isn’t, Shayne Coplan, Trump, Harris, Shaneyy Richh, pollsters, ”, Elon, Polymarket, “ Trump, ” Claudio Vallejo, They’re, “, ” Polymarket, Coplan, we’ve, I’ve, ” Trump, “ Polymarket, that’s, Musk, ” John Fortier, “ It’s, you’re, Fortier, “ I’m Organizations: ”, Facebook, Trump, Meta Ad, “, Polymarket, United, Commodity, U.S, NBC, American Enterprise Institute Locations: California , New York, Texas, United States, U.S, Michigan

Election bets were approved legally just weeks ago, as the 2024 race headed into its home sprint. The ongoing legal wrangling could still lead to a shutdown of U.S. election betting markets, but not until after the 2024 vote. The CFTC permits only U.S. residents to use the newly opened election betting markets, meaning many bettors on the platforms are also potential voters. Nonetheless, Adam Cochran, founder of venture capital fund Cinneamhain Ventures, says he worries about how voters perceive election betting odds. Mansour acknowledged it’s a “fair concern” that the general public might mistakenly see betting odds as the size of a candidate’s lead.

Persons: Donald Trump, Kamala Harris, ” Robinhood, Rostin Behnam, Kalshi, John Aristotle Phillips, Phillips, ”, multibillionaire Trump, Elon Musk, “, ” Harris, Polymarket, bettors, Trump, Harris, Musk, Tarek Mansour, ” Mansour, Adam Cochran, ” Cochran, Mansour, it’s, There’s Organizations: Interactive, Futures Trading Commission, Republican, Democratic, Overseas, Victoria University of Wellington, NBC, Trump, Street Journal, Cinneamhain Ventures Locations: U.S, New Zealand, America

☆ As voters cast ballots this election, some Americans are placing bets. Here’s what to know
▼ + stars: | 2024-10-30 | by ( Piper Hudspeth Blackburn | ) edition.cnn.com time to read: +7 min

The election markets have not gone unnoticed by the Republican Party’s presidential nominee, Donald Trump, who has touted his odds on social media and at campaign events. With more than 50 million ballots already cast ahead of Tuesday’s election, here’s what you need to know about election betting in the US. Robinhood, a popular stock-trading app, launched presidential election betting on Monday. PredictIt, another prediction market embroiled in a legal fight with the CFTC, also offers election contracts while its case is ongoing. Researchers, however, have long studied political prediction markets.

Persons: Donald Trump, “, Trump, Kamala Harris, Kalshi, ”, PredictIt, David G, Schwartz, ” Schwartz, Paul Rhode, Koleman Strumpf, isn’t, Elon Musk, Cantrell Dumas, it’s, ” Dumas Organizations: CNN, White, Kalshi, Republican, Democratic, Futures Trading Commission, Senate, DC, Appeals, CFTC, University of Nevada, The University of Iowa, Iowa Electronic Markets, Victoria University of Wellington, Commission, Better Locations: United States, Washington ,, Michigan, Las Vegas, New York City, Rhode, Nevada , Texas , Michigan, Iowa, New Zealand, Wisconsin, Pennsylvania

☆ It's getting easier for Americans to bet on the 2024 election
▼ + stars: | 2024-10-28 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Robinhood is the latest platform to allow traders to wager on the 2024 election. A recent federal court ruling opened the door to wider betting on US elections. For now, only the 2024 election contracts will be available. Until a September federal court ruling, betting on US elections was largely limited to a narrow set of academics and students. Related storiesCFTC Chairman Rostin Behnam has strongly opposed election betting, previously testifying to Congress that allowing such wagers would turn his agency into "an election cop."

Persons: Robinhood, —, Donald Trump, Rostin Behnam, Sen, JD Vance, Trump's, Theo Von's, Vance, we've Organizations: Service, Court, Commodity Futures Trading Commission, GOP Locations: New York

☆ Robinhood jumps into election trading, giving users chance to buy Harris or Trump contracts
▼ + stars: | 2024-10-28 | by ( John Melloy | ) www.cnbc.com time to read: +2 min

This combination of pictures created on October 25, 2024 shows US Vice-President and Democratic Presidential candidate Kamala Harris in Houston, Texas on October 25, 2024 and former US President Republican presidential candidate Donald Trump in East Del Valle, Austin, Texas on October 25, 2024. Upstart broker Robinhood is jumping into the prediction betting game, announcing Monday users can begin trading the 2024 presidential election that is eight days away. Shortly after, Interactive Brokers launched various political contracts, including on the election. The election markets have generated some controversary this year with some concerned about light volume allowing the markets to be skewed. For now, only the presidential election contracts will be available to trade on the system.

Persons: Kamala Harris, Donald Trump, Robinhood, Kalshi, Polymarket Organizations: Democratic, Republican, Interactive Brokers, Commodity Futures Trading Commission, CFTC, Interactive, Trump Locations: Houston , Texas, East Del Valle, Austin , Texas, U.S

☆ Election prediction markets are in a sprint to prove themselves as forecasting and investing tools
▼ + stars: | 2024-10-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +7 min

"Things were going okay before the election contracts, but since we put them on the platform there's been a lot more interest," Sanders said. The election contracts on each site are binary, and they pay out $1 if the correct outcome is chosen and $0 for the incorrect outcome. A fifth arena, Polymarket, is a blockchain-based prediction platform that is not open to U.S. customers. If they prove to be accurate over time, the prediction markets may also serve non-traders such as consultants and fundraisers who want to glean more insight into the election. Concerns More ominously, critics of the election markets have raised alarm that they could be moved by one or two big traders for possibly nefarious purposes.

Persons: politicos, Kalshi, Steven Sanders, Sanders, John Phillips, Phillips, Tarek Mansour, Bob Elliott, Ray, Elliott, Polymarket, Nikki Haley, Michelle Obama, Matt Thompson, Thompson, Koleman Strumpf, Cantrell Dumas, Dumas, PredictIt's Phillips, Strumpf, Mansour, We've Organizations: Wall, Interactive, Futures Trading Commission, CFTC, Kalshi, Funds, Bridgewater Associates, South Carolina Gov, Republican, Little Harbor Advisors, Wake Forest University, Better, CNBC, Wake Locations: Iowa, Winston, Salem, N.C, Susquehanna

☆ Election betting: Appeals court fast-tracks CFTC challenge to Kalshi political bets
▼ + stars: | 2024-10-14 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

A federal appeals court has fast-tracked the Commodity Futures Trading Commission's case challenging the right of the event exchange Kalshi to offer U.S. political election contracts. Kalshi touted its presidential election contracts on electronic signs in New York City's Times Square over the weekend. The CFTC told the appellate court that election contracts "are susceptible to market manipulation" and also pose a risk to election integrity or how the public views the integrity of elections. Kalshi CEO Tarek Mansour, in a statement, said his company is "confident" that the law allows election contracts. As of Monday, Kalshi had booked more than $7 million in contracts on the presidential election outcome.

Persons: Kalshi, Tarek Mansour, Mansour, Donald Trump, Kamala Harris Organizations: Long, Fitness Center, Interactive, U.S, Senate, New York City's, Appeals, District of Columbia Circuit, CFTC, Washington , D.C Locations: Virginia's, Arlington , Virginia, New York, U.S, Washington ,

☆ Kalshi expands Trump, Harris election bet options, adds Senate races, CFTC complains
▼ + stars: | 2024-10-09 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

Kalshi wagers on the presidential race outcomes were split 50-50, roughly reflecting national polling on the contest. The new contracts were added to Kalshi's platform within days of a favorable federal appeals court ruling for the company on Oct 2. Even more political races could soon become available for betting with Kalshi contracts, the CFTC said, citing contract terms published on the exchange's web site. But the commission argues that Kalshi's contracts might cast doubt on the integrity of elections. The appeals court initially blocked that judge's ruling from taking effect, which meant Kalshi could not offer any political contracts.

Persons: Kamala Harris, Donald Trump, Kalshi, KalshiEx, It's, there's, Tarek Mansour, Mansour, Patricia Millett Organizations: White, Electoral, Commodity Futures Trading Commission, U.S ., Appeals, District of Columbia Circuit, CNBC Locations: Washington ,

☆ Americans are able to bet on the US elections again after a legal fight
▼ + stars: | 2024-10-03 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Americans can bet on the outcome of US elections following a legal fight. Last month, Kalshi briefly listed bets on congressional election outcomes before the CFTC shut them down. On Wednesday, prediction market Kalshi got the go-ahead to take bets on congressional elections after a months-long legal battle with the Commodity Futures Trading Commission. That makes it one of the only options for Americans to bet on election outcomes, and the only legal one for Americans to wager large amounts of money. The court's decision comes just five weeks before the elections, and follows years of legal battles between prediction markets and the CFTC.

Persons: Kalshi, —, CoinDesk, Harry Crane Organizations: CFTC, Service, Futures Trading Commission, Federal, Kalshi, Senate, Rutgers University Locations: New York, New Zealand

☆ Appeals court greenlights betting on congressional elections
▼ + stars: | 2024-10-02 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

A federal appeals court on Wednesday refused to block a lower-court ruling allowing Americans to bet on the outcome of the 2024 congressional elections. The CFTC had barred KalshiEx from listing its congressional contracts on the exchange, which the commission regulates, on the ground that they would violate the laws of many states that ban gambling on elections. But a judge in U.S. District Court in Washington, D.C., ruled last month that the CFTC had erred in finding that KalshiEx's congressional contracts involved gaming or gambling. That ruling was in effect for only about eight hours before the D.C. appeals court stayed it at the request of the CFTC. That administrative stay was lifted in Wednesday's ruling.

Persons: Patricia Millett, Millett Organizations: U.S, Capitol, federal, Futures, Commission, CFTC, Appeals, District of Columbia Circuit, Washington , D.C, CNBC Locations: Washington ,, U.S

☆ Federal appeals court allows prediction market Kalshi to offer US election betting
▼ + stars: | 2024-10-02 | by ( Piper Hudspeth Blackburn | ) edition.cnn.com time to read: +5 min

CNN —A federal appeals court in Washington, DC, on Wednesday allowed a prediction market to offer election betting, denying a government watchdog’s request to halt a ruling that made way for legal political gambling in the United States. It is unclear whether the New York-based startup will launch more election markets. “US presidential election markets are legal. Because the sources of information that election markets absorb can be “opaque and unreliable,” like polls with undisclosed methodologies or fake news reports, Schwartz suggested that they can be uniquely susceptible to manipulation. While the legal dispute with Kalshi plays out, the CFTC has also embarked on a broader clampdown on events-based betting.

Persons: ” “, Patricia Millett, ”, ” Kalshi, Jia Cobb, Tarek Mansour, X, Stephen Hall, ‘ deepfakes, Kalshi, “, Rob Schwartz, Schwartz, Yaakov Roth, ” Roth, Rostin Behnam Organizations: CNN, Senate, Futures Trading Commission, DC, Appeals, US, DC Circuit, Kalshi, CFTC, Better Locations: Washington ,, United States, New York, Washington, “

☆ Will Caroline Ellison get jail time for her role in the $11 billion FTX fraud scheme? Here's what the judge must weigh.
▼ + stars: | 2024-09-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

Read previewOn Tuesday, a judge will decide what sentence to give Caroline Ellison, who pleaded guilty to conspiring with Sam Bankman-Fried in an $11 billion fraud scheme. Ellison's sentencing sets up a high-stakes balancing test. She still participated in a massive fraud scheme, after all, the value of which he put at $11 billion. Ellison was the SBF trial's star witnessEllison pleaded guilty to fraud and money laundering for her role in the FTX scandal. Because the Bankman-Fried case went to trial, Kaplan has a lot of information at his disposal when deciding Ellison's sentence.

Persons: —, Caroline Ellison, Sam Bankman, Lewis Kaplan, Bankman, Fried, Ellison, Kaplan, FTX, cooperators, Sarah Krissoff, Cozen O'Connor, Joshua Naftalis, That's, Naftalis, Fried JANE ROSENBERG, John J, Ray III, Ryan Salame, Salame's, Gary Wang, Nishad Singh, Ellison's, Krissoff Organizations: Service, Business, Alameda Research, LLP, Prosecutors, Fried JANE ROSENBERG Prosecutors, Securities Exchange Commission, Commodity Futures Trading Commission, Government, MIT, Bankman Locations: Bankman, Manhattan, Alameda, New York, Brooklyn

☆ Jamie Dimon is the latest CEO to weigh in on RTO — this time, for DC federal workers
▼ + stars: | 2024-09-20 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Read previewFederal workers in Washington, DC, still have flexibility about where they work, and JPMorgan Chase CEO Jamie Dimon isn't impressed. In the middle of an answer, Dimon added: "By the way, I'd also make Washington, DC, go back to work. Last year, the Biden Administration pushed for federal employees to return to in-person office work. Many federal workers have indeed returned to the office for at least part of the week. He also said, however, that employees who don't like their RTO policy can find jobs elsewhere, according to The Economist.

Persons: —, Jamie Dimon isn't, Dimon, Jeffrey Goldberg, Donald Trump, Kamala Harris, I'd, Andy Jassy, CBRE Organizations: Service, JPMorgan Chase, The, Business, JP, JPMorgan, Amazon, Biden Administration, Protection Agency, Federal News Network, Department of, Treasury, Department of the, Management, Futures Trading Commission Locations: Washington , DC, Washington, DC

☆ Federal judge allows prediction market Kalshi to offer betting on upcoming US elections
▼ + stars: | 2024-09-12 | by ( Piper Hudspethblackburn | Piper Hudspeth Blackburn | ) edition.cnn.com time to read: +3 min

CNN —A federal judge made way on Thursday for legal political gambling in the United States, rejecting a federal watchdog’s last-minute effort to delay a prediction market from offering bets on the November elections. She also denied a request by the government during Thursday’s hearing to block Kalshi from offering contracts pending its appeal. The CFTC has argued that the contracts count as illegal gambling and that it doesn’t have the resources to monitor them. Its chairman, Rostin Behnam, has also warned that election contracts would “ultimately commoditize and degrade the integrity” the electoral process. Luana Lopes Lara, a co-founder of Kalshi, celebrated the decision on Thursday, writing on X, “WE’RE LIVE.” The CFTC declined to comment.

Persons: Jia Cobb, “, ” Cobb, Kalshi, Rostin Behnam, Luana Lopes Lara, ” Organizations: CNN, Senate, Futures Trading Commission, DC, Kalshi, CFTC Locations: United States, Washington ,, Kalshi, New York

☆ All the signs Trump lost the debate
▼ + stars: | 2024-09-11 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +9 min

By Wednesday morning, there were abundant signs that, frankly, Trump lost his debate against Harris. Our newest ad just dropped pic.twitter.com/DfM044iZ8s — Kamala HQ (@KamalaHQ) September 11, 2024Despite the reputation he forged in GOP primary debates, Trump has struggled in general election faceoffs. Here are the signs that Trump added to his debate loss total. Heading into the debate, Trump held a narrow lead on PolyMarket, a crypto-based betting market that counts election forecaster Nate Silver as one of its advisors. Amid a back and forth with Harris over debates, Trump declared that he wanted three face-offs with her.

Persons: —, Donald Trump, Kamala Harris, Trump, Harris, DfM044iZ8s — Kamala, faceoffs, Hillary Clinton, Joe Biden, Clinton, Nate Silver, Vox, PredictIt, Rupert Murdoch, Brit Hume, prepped Harris, 7gnMmIVupt, Ms, goading Trump, David Muir, Linsey Davis, Jason Miller, Donald Trump Jr, Trump's, Kamala, Taylor Swift, Biden, Rocky, Creed Organizations: Service, Business, Democratic, Trump, White House, Futures Trading Commission, Trump Media & Technology Group, Truth, Traders, Murdoch Media, Fox News, ABC, York, Street, GOP, ABC News, Boxing, UFC, Fighter Locations: York, Philadelphia

☆ Yen slips, markets brace for U.S. inflation data
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: +3 min

Last week ended calmer, with Thursday's stronger-than-expected U.S. jobs data leading markets to pare bets for Federal Reserve interest rate cuts this year. "It's more a case of market squaring up a little bit ahead of the U.S. inflation data," said Christopher Wong, currency strategist at OCBC Bank in Singapore. The dollar was trading at 146.87 yen , up 0.2% from late U.S. levels on Friday. The Aussie was barely up at $0.6577 on Monday, while the New Zealand dollar stayed below last week's three-week high of $0.6035. Implied volatility on the yen, measured in yen options, has also subsided.

Persons: Bank of Japan's hawkishness, Jackson, Christopher Wong, J.P, Morgan Organizations: Bank of Japan's, Federal Reserve, Nvidia, OCBC Bank, New Zealand, Reserve Bank of New, Bank, Japan, U.S . Commodity Futures Trading Commission Locations: U.S, Singapore, Reserve Bank of New Zealand

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Persons: you'll, USAA, You'll, Chase, It's, Chase isn't, We've, JP Morgan Chase, Jeffrey Epstein's, Banks, Laura Grace Tarpley, Penny Hoarder, Read, Pulliam, Kit Pulliam, They’ve, Kit, Evelyn Organizations: Bank, Credit Union Military, Banks, Credit, Service, Department of Defense, Service Credit Union, Service Credit, American Consumer, Navy Federal Credit Union, Federal Credit Union, Pentagon Federal Credit Union, DC, Security Service Federal Credit Union, Security, Security Service, UT, Stripes, Chase Bank Start, Chase Bank, Chase, Military, Apple, USAA Bank, Navy, PLUS, Navy Federal Free, Federal, Visa, Pentagon Federal Credit, Cross, . Security, Air Force, Army, Coast Guard, Marines, National Guard, Survivor, Credit Unions, Better, U.S . Virgin, SEC, Futures, Banking, Financial, Chevron, Business, Finance, National, Real, Business Insider, Tax, Vanderbilt University, Personal Finance Locations: United States, New Hampshire , North Dakota , Massachusetts, Germany, Europe, NY, Colorado , Maryland , New York, Texas, California , Florida, Georgia, Hawaii , Maryland , Nebraska , New Jersey, New Mexico , New York, North Carolina , Pennsylvania, Virginia, Guam , Puerto Rico, Japan, Colorado , Texas, Utah, Alaska, Hawaii, reimbursements, of New Hampshire, Massachusetts, England, Luxembourg, USAA, North America, Africa, Asia, Canada, States, Louisiana , New Mexico , Oklahoma, Chevron

☆ Kamala Harris has entered the U.S. presidential election. What that could mean for crypto
▼ + stars: | 2024-07-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

The outcome of the U.S. presidential election and its implications for the crypto industry got more uncertain this week after Vice President Kamala Harris entered the race following President Joe Biden's exit. Many are now wondering what a Harris administration could mean for crypto – especially following years of an anti-crypto crusade led by Biden-appointed SEC Chair Gary Gensler and Sen. Elizabeth Warren, D-Mass. On Tuesday, a day after Harris launched her campaign, billionaire Mark Cuban said her advisors had begun reaching out to him about crypto policy . Bitcoin, the largest cryptocurrency, had recently seen a boost as Trump incorporated crypto into his platform. The crypto industry sees itself as nonpartisan, and in recent weeks has bipartisan support for crypto in Congress has been growing.

Persons: Kamala Harris, Joe Biden's, Donald Trump, —, Harris, Biden, Gary Gensler, Sen, Elizabeth Warren, Harris doesn't, they've, …, Kristin Smith, Devin Ryan, Mark Cuban, Trump, JMP's Ryan, that's, Ryan, Smith, Nancy Pelosi, Adam Schiff, it's Organizations: U.S, Republican, SEC, Democratic, Democratic Party, Blockchain Association, JMP Securities, Trump, BTC, SAB, Innovation, Technology, Futures Trading Commission Locations: Nashville, bitcoin, California

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