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☆ Polymarket and Kalshi Predicted Trump's Win. Now Comes the Hard Part.
▼ + stars: | 2024-11-12 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +8 min

Days before the election, Polymarket odds showed Trump had a 60% chance of winning. The electorate took notice: Kalshi and Polymarket soared to the top of Apple's App Store on Tuesday evening. Advertisement"Last night, Kalshi showed how prediction markets can decisively outperform polls and traditional media," Kalshi posted on X. And can the prediction markets ride their momentum now that the election's over? Prediction markets are "going to attract people who want to influence public perception," Broughel says.

Persons: Nate Silver, Kamala Harris, Donald Trump, Polymarket, Trump, Kalshi, Shayne Coplan, Coplan, Elon Musk, Taylor Swift, Travis Kelce, Robinhood, There's, Xavier Sottile, Bettors, Sottile, Robert F, Kennedy Jr, he'll, John F, Kennedy, Koleman Strumpf, Strumpf, Broughel, James Broughel, Israel —, — Polymarket, who've Organizations: Trump, CNBC, MIT, Victoria University, Wake Forest University, RFK Jr, Competitive Enterprise Institute, Wall Street Journal, Twitter, New York Times Locations: New Zealand, Kalshi, Ukraine, Iran

☆ Betting markets nailed Trump's decisive win — and it's a good reminder they can be more accurate than polls
▼ + stars: | 2024-11-09 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +6 min

Prediction markets swung in favor of Trump in the weeks before his victory, as polls showed a virtual tie. Proponents point to a number of factors that make betting markets more accurate. That was still hours before major news outlets called the electionPrediction site founders and researchers have long argued that betting markets are more accurate than traditional polling. I think this is the dawn of a new era for prediction markets, and prediction markets are here to stay," Mansour said. If they don't improve, the betting markets could replace them entirely, he predicted.

Persons: —, Donald Trump's, Kamala Harris, Trump, They've, Tarek Mansour, Mansour, Harry Crane, Northwestern University's Thomas Miller, Miller, Biden, Harris, Crane, Davide Accomazzo Organizations: Trump, Service, Rutgers University, BI, Northwestern, Pepperdine Graziadio Business

☆ Why the election felt like the 2021 meme stock rally — but way bigger
▼ + stars: | 2024-11-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

The US election showed shades of the meme stock mania of early 2021. Ron DeSantis' Presidential Announcement with Elon MuskSimilarly, in February 2021, Cuban thanked members of Reddit's WallStreetBets forum for "changing the game" and "taking on Wall Street." Wall Street traders watched the swings in election betting markets to assess the state of the presidential race and inform their investments, Malek added. Trump Media & Technology Group, the parent company of Truth Social which counts the president-elect as its majority shareholder, unites several of these ideas. AdvertisementThere are clear parallels between the meme stock mania of early 2021 and the social-media chatter and betting-platform activity going into the election.

Persons: Elon Musk, Mark Cuban, —, Musk, Trump, Ron DeSantis, Cuban, Reddit's, dogecoin, Kamala Harris, It's, Neil Wilson, Keith, Gill, Young, Joe Rogan, Mark Malek, Siebert, Malek, Naeem Aslam, Tesla, Dan Coatsworth, AJ Bell Organizations: Service, GameStop, Florida Gov, Elon, Democratic, Trump, WSB, Wall Street, titans, Wall, Zaye, Markets, Trump Media & Technology Group, Truth, White Locations: America, Florida, Polymarket, WallStreetBets, . Washington

☆ The Polymarket 'whale' actually made $85 million, far more than originally thought
▼ + stars: | 2024-11-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The Polymarket trader who bet big on a Donald Trump win made much more than previously thought. New research from Chainalysis estimates a total profit of over $85 million, up from $48 million. AdvertisementA Polymarket trader who bet tens of millions on Donald Trump's presidential win appears to have raked in a much larger profit than previously known. A new estimate now places that figure at more than $85 million, well above the earlier tally of $48 million, according to research from the blockchain-analysis firm Chainalysis. Collectively, Polymarket traders bet around $3.7 billion in volume over who would win the US presidency.

Persons: Donald Trump, —, Donald Trump's, Théo Organizations: Service, Trump, Wall

☆ The Polymarket 'whale' banked $48 million in profits on Trump's election win
▼ + stars: | 2024-11-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

A French trader profited $48 million betting on Trump's election win via Polymarket. The trader, known as Théo, wagered heavily on Trump winning the Electoral College and the popular vote. AdvertisementThe Polymarket "whale" who bet about $30 million on a Donald Trump election win saw about $48 million in profits, according to data from the crypto-based betting platform. As of Wednesday morning, the Theo4 Polymarket account is sitting on about $22 million in profits. Related VideoMeanwhile, the three other accounts controlled by the whale — Fredi9999, PrincessCaro, and Michie — have a combined $26 million in profits.

Persons: wagered, —, Donald Trump, Michie —, Trump, Théo Organizations: Polymarket, Trump, Electoral College, Service, Wall Street Journal Locations: France

☆ French trader bet over $28 million on Trump election win using 4 Polymarket accounts
▼ + stars: | 2024-10-24 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign event at the Erie Insurance Arena in Erie, Pennsylvania, on October 14, 2024. A stark shift toward former President Donald Trump on the political gambling platform Polymarket this month stoked scrutiny about four accounts that have collectively spent over $28 million betting on the Republican nominee to win the 2024 presidential election. Polymarket on Thursday confirmed what a number of experts have suspected: All four accounts are controlled by a single trader. The company insisted that it has found no evidence that the trader is trying to juice Trump's odds on the political betting market. The scrutiny on the Polymarket trades comes as political betting markets have taken on a much more prominent role in the 2024 election cycle.

Persons: Kamala Harris, Donald Trump, Polymarket Organizations: Democratic, Erie Insurance, Republican, CNBC, The New York Times, Nardello & Company Locations: Erie , Pennsylvania, U.S

☆ Advertisers and publishers call on Apple CEO Tim Cook to suspend the iPhone's new Distraction Control feature
▼ + stars: | 2024-10-22 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

French media and ad groups are calling on Apple to suspend its new "Distraction Control" feature, Business Insider is exclusively reporting. AdvertisementA group of French trade associations representing around 800 companies in the advertising and media sectors has sent an open letter to Apple CEO Tim Cook, calling for the tech giant to suspend the rollout of the iPhone's new "Distraction Control" feature. Distraction Control, which became available with iOS 18 this fall, allows users of the iPhone's Safari browser to hide elements on webpages like images, pop-ups, or ads. The letter urges Apple to suspend the rollout of Distraction Control and to provide technical documentation about its functionalities and any planned updates. AdvertisementAppleInsider later reported Apple had changed the name of the feature from Web Eraser to Distraction Control and updated it to include a popup explaining that it would "not permanently remove ads."

Persons: —, Tim Cook, It'll, Apple, doesn't, Pierre Devoize, Alliance Digitale, AppleInsider Organizations: Apple, Service, Business, Europe's, Data, Alliance, de, Presse, Union des Marques, European Commission . Publishers, Safari, News Media Association, Publishers

☆ Publishers and advertisers demand that Apple's Tim Cook stop the rollout of an anticipated 'web eraser' tool over fears it'll hobble web advertising
▼ + stars: | 2024-05-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The French group of trade associations fears that Apple's web eraser could represent another example of Big Tech implementing disruptive changes over which media and advertising companies have no control. Apple generates advertising and subscription revenue from its Apple News service, though it makes the majority of its ad revenue from search ads within the Apple App Store. A spokesperson for the NMA said the organization hadn't heard back from Apple since it sent the letter on May 10.

Persons: —, Tim Cook, Apple's Cook, Thierry Breton, Apple, NMA, hadn't Organizations: Service, Apple, Business, Safari, Alliance, SRI, Union des Marques, Big Tech, Google, Facebook, Publishers, Apple News, French Competition Authority, Europe's, UK's News Media Association, Daily Mail, Guardian Locations: France, Europe, Germany

☆ EU, US could agree on critical minerals despite steel failure, says France
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Francois Lenoir/File photo Acquire Licensing RightsVALENCIA, Spain, Oct 20 (Reuters) - The European Union and the United States could reach a deal on critical minerals over the coming weeks or months despite their failure to agree an accord on steel and aluminium, French Trade Minister Olivier Becht said on Friday. The discussions were intense and I hope they will restart as soon as possible," Becht said before an EU ministers' meeting on trade in Valencia, Spain. "It's in both the interest of Europe and the United States to have this agreement," Becht said. The United States has suspended import tariffs on EU steel and aluminium imposed by then-President Donald Trump in 2018, but on condition both sides agree measures to address overcapacity in non-market economies such as China, and promote greener steel. Reporting by Belén Carreño; editing by Philip Blenkinsop and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Pence, Francois Lenoir, Olivier Becht, Joe Biden's, Becht, Donald Trump, Belén, Philip Blenkinsop, Barbara Lewis Organizations: European Commission, REUTERS, Rights, European Union, French Trade, EU, Trump, U.S, United, Washington, World Trade Organization, Thomson Locations: Brussels, Belgium, Rights VALENCIA, Spain, United States, Valencia, Europe, China

☆ Pension reform defiance brings new blood to French trade unions
▼ + stars: | 2023-05-18 | by ( Leigh Thomas | ) www.reuters.com time to read: +5 min

Interest is growing among younger and private sector workers, where unions tend to be less well represented. Vacheron said that more than 30% of the CGT's recent joiners were under the age of 35 while 70% were coming from the private sector, which traditionally is dominated by the CFDT. "Since the retirement reform is contested by the young and old, public and private sector workers, they see a utility in belonging to unions, unions are attractive," Vacheron said. "Unions are rebuilding themselves from the ground up through recruitment and not only street protests," sociologist Michel Wieviorka said. Labour relations consultant Stephanie Matteudi-Lecocq said that the momentum coming from pension reform pushback could ultimately put unions back on more solid footing in companies.

☆ French trade minister: Relaunching relationship with UK amid Inflation Reduction Act, concerns with China
▼ + stars: | 2023-04-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrench trade minister: Relaunching relationship with UK amid Inflation Reduction Act, concerns with ChinaFrench Trade Minister Olivier Becht tells CNBC relations are improving between France and the U.K., hailing increased cooperation on economic and geopolitical issues, and weighs in on the country's relationship with China.

☆ French trade minister: Attracting investment into country despite pension protests
▼ + stars: | 2023-04-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrench trade minister: Attracting investment into country despite pension protestsFrance's Trade Minister Olivier Becht exclusively tells CNBC the country remains an attractive investment destination, despite continued demonstrations after the government forced through its controversial pension reform.

☆ France begins nationwide strike amid soaring inflation
▼ + stars: | 2022-10-18 | by ( Juliette Jabkhiro | ) www.reuters.com time to read: +3 min

French students block the entrance of the Lycee Montaigne high school to protest as part of a nationwide day of strike in Paris, France, October 18, 2022. REUTERS/Gonzalo FuentesPARIS, Oct 18 (Reuters) - French trade unions began a nationwide strike on Tuesday, asking for higher salaries amid decades-high inflation and posing President Emmanuel Macron one of his stiffest challenges since his reelection in May. French public railway operator SNCF said that traffic on local connections was down 50% but that there were no major disruptions on national lines. Civil service workers' unions have also called for joining Tuesday's strike, with possible disruptions in schools and other public facilities. The leader of hard-left party La France Insoumise (France Unbowed), Jean-Luc Melenchon, marched alongside this year's Nobel Prize winner for Literature, Annie Ernaux.

Paris CNN —Some 28.5% – nearly one third – of gas stations in mainland France are out of stock of at least one fuel, French Energy Transition Minister Agnes Pannier-Runacher told journalists Friday. A source from the office of the French prime minister on Friday blamed the long lines and exhausted stocks at French gas stations this week on panic buying, rather than just supply problems. This is despite gas companies providing between a 30% and 50% increase in supply of gas to pumps this week, compared to a normal week, the source said. Earlier this week, the French government ordered staff at an ExxonMobil refinery in Normandy to return to work, a highly unusual step. Meanwhile, on Friday, French energy giant TotalEnergies struck a deal with two French trade unions, CFE-CGC and the CFDT, to increase salaries for 2023.

☆ France unveils controversial pension reforms, unions say workers' strikes should continue
▼ + stars: | 2019-12-11 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

French government efforts to appease public sector workers with details of its pension reform look unlikely to end an ongoing nationwide strike. France has seen a pre-emptive nationwide strike over the last six days as public sector workers fear changes to their pension benefits. Other trade unions, such as the General Confederation of Labour (CGT) and the trade union for railway workers UNSA ferroviaire, have also appealed for a continuation of the strike. "It is time for a universal pension scheme," Philippe said Wednesday. The government plans to consolidate the current 42 different pension regimes, which vary according to profession, into one.

☆ France hit by nationwide strike as workers protest over pension reforms
▼ + stars: | 2019-12-05 | by ( Silvia Amaro | ) www.cnbc.com time to read: +4 min

watch nowFrance is experiencing one of its biggest strikes in decades as public sector workers protest against changes to the pension system. According to the French newspaper, Le Monde, more than 180 000 people are taking to the streets in 30 different parts of France. Prior to his election in 2017, President Emmanuel Macron vowed to reform France's pension system. watch nowPrevious attempts to change the pension system have also been met with strong opposition from public sector workers. However, transport workers argue that the new system would mean they would have to work longer into old age or see their pension reduced.

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