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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

☆ 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

☆ 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

☆ Dan Strumpf — Reporter at The Wall Street Journal
▼ + stars: | 2023-08-17 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

Dan StrumpfDan Strumpf is an award-winning reporter covering technology and corporate news in Asia for The Wall Street Journal. He writes about some of China's biggest tech companies including Huawei and Xiaomi, as well as broader topics like China's semiconductor industry and multinational companies operating in China. In 2018, Dan was part of a team that won the Gerald Loeb Award for international reporting for coverage of China's surveillance state. He previously covered energy and financial markets for the Journal in New York. Before joining the Journal, he worked for the Associated Press covering the automotive industry and other business beats.

Persons: Dan Strumpf Dan Strumpf, Dan, Gerald Loeb Organizations: The Wall Street, Huawei, Journal, Associated Press Locations: Asia, China, New York, Hong Kong

☆ Intel Scraps Tower Acquisition After China Fails to Approve Deal
▼ + stars: | 2023-08-16 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/intel-scraps-tower-acquisition-after-china-fails-to-approve-deal-f59dd70f

Persons: Dow Jones

☆ China Torpedoes Intel’s Bid to Buy Israeli Chip Maker Tower Semiconductor
▼ + stars: | 2023-08-16 | by ( Dan Strumpf | Yang Jie | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ China’s Worsening Economy Is Hurting Corporate America
▼ + stars: | 2023-08-14 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chinas-worsening-economy-is-hurting-corporate-america-a3657373

Persons: Dow Jones

☆ China’s Options for Retaliation Are Few After U.S. Investment Ban
▼ + stars: | 2023-08-11 | by ( Liza Lin | Dan Strumpf | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chinas-options-for-retaliation-are-few-after-u-s-investment-ban-f539102e

Persons: Dow Jones

☆ Beijing Area Hit by Deadliest Flooding in a Decade
▼ + stars: | 2023-08-01 | by ( Rachel Liang | Dan Strumpf | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/beijing-area-hit-by-deadliest-flooding-in-a-decade-73c571fc

Persons: Dow Jones Locations: beijing

☆ China’s Tech Distress Grows as U.S. Chip Sanctions Bite
▼ + stars: | 2023-07-31 | by ( Dan Strumpf | Clarence Leong | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chinas-tech-distress-grows-as-u-s-chip-sanctions-bite-3022475c

Persons: Dow Jones

☆ What Pan Am flight attendants did next
▼ + stars: | 2023-07-17 | by ( Annita Thomas | ) edition.cnn.com time to read: +13 min

Pan Am has always been synonymous with glamor, and its flight attendants lived their opportunities to the max. Pan Am flight attendants doubled as ambassadors for the airline. Seven former Pan Am flight attendants tell us where they ended up. Memories live on, with many of us becoming members of World Wings International, a non-profit organization of former Pan Am flight attendants. Other former Pan Am flight attendants have unique ways of honoring the airline.

Persons: CNN —, Pan, ”, Camille Lewis, Camille Lewis Camille Lewis's, Camille Lewis’s, Mother Teresa, primatologist Jane Goodall, Michèle Bennett, ‘, Doc ’ Duvalier, Camille, Phillip Keene Phillip Keene, Phillip Keene, Keene, Andrew Eccles, John Gielgud, Tracey Ullman, hairstylist Vidal Sassoon, Huey Lewis, –, “, Buzz Watson, Karren Pope, Onwukwe, Susan L, Taylor, Coretta Scott King, Don King, James Brown, Linda Reynolds, Reynolds, Walter Cronkite, ” Reynolds, Joe, ” Penny Powell Penny Powell, Penny Powell, Powell, Elena Williams Elena Williams, Elena Williams, Williams, John F, Kennedy, Jr, “ I’m Elena Sugarman, ” Annita Thomas Annita Thomas, Annita Stokes Thomas I, jetsetting, I’d, Thomas, Annita Stokes Thomas, William Tolbert, Kurt Strumpf, David Hinson, David Jeffery, Oprah’s, Linda Little Freire, Pan Amer Organizations: CNN, Pan American World Airways, Boeing, Pan, LA, Hollywood, JFK, “ Clippers, JFK Jr, Metropole Hotel, Roberts, Pan Am, “, World Wings, Pan Am Museum Foundation Locations: Rome, Rio, Pakistan, Rio de Janeiro, Nairobi, Caesar’s Beach, Liberia, Saudi Arabia, Haiti, New York, Paris, Los Angeles, California, London, Amsterdam, Switzerland, Italy, Ireland, Dakar, Senegal, La Guardia, Pan, Maryland, Pan Am, Dhahran, Vietnam, Spanish, Chicago, Memphis, Tokyo, West, East Africa, South Georgia, JFK, Narita, Georgia

☆ Hong Kong Takes Its Crackdown Abroad
▼ + stars: | 2023-07-14 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Micron, Blacklisted by Beijing, to Pump $600 Million Into China Expansion
▼ + stars: | 2023-06-16 | by ( Dan Strumpf | Rachel Liang | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/micron-blacklisted-by-beijing-to-pump-600-million-into-china-expansion-6b8d0075

Persons: Dow Jones Organizations: micron Locations: beijing

☆ Corporate America Scales Back Hopes for China Revival
▼ + stars: | 2023-06-03 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/corporate-america-scales-back-hopes-for-china-revival-e20e62cf

Persons: Dow Jones

☆ Beijing Says Musk Opposes Decoupling of U.S., China
▼ + stars: | 2023-05-30 | by ( Selina Cheng | Dan Strumpf | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/beijing-says-musk-opposes-decoupling-of-u-s-china-as-tesla-ceo-visits-china-1ce6851a

☆ The New Rules for Business Travel to China
▼ + stars: | 2023-05-27 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/the-new-rules-for-business-travel-to-china-f476f7b7

☆ China Sentences American Citizen to Life in Prison for Espionage
▼ + stars: | 2023-05-15 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

John Shing-wan Leung was tried in the city of Suzhou near Shanghai. Photo: Lintao Zhang/Getty ImagesHONG KONG—Chinese authorities said they sentenced an American citizen to life in prison on espionage charges, in a case that could further strain relations between Beijing and Washington. John Shing-wan Leung, a 78-year-old U.S. passport holder who also holds Hong Kong permanent residency, was found guilty and sentenced on Monday following a trial in the eastern city of Suzhou near Shanghai, according to a court notice.

☆ Foreign Firms in China Squeezed by U.S. Disclosure Demands, Beijing’s Security Clampdown
▼ + stars: | 2023-05-04 | by ( Elaine Yu | Dan Strumpf | ) www.wsj.com time to read: 1 min

Mintz Group’s Beijing office was raided by authorities, who detained five of the company’s workers. Photo: greg baker/Agence France-Presse/Getty ImagesHONG KONG—Foreign companies in China are walking a tightrope between their need for business intelligence to comply with proliferating U.S. sanctions and mounting concerns about the risks of carrying out the due diligence required for business on the ground. Authorities recently questioned staff at consulting firm Bain & Co.’s Shanghai office and detained the Beijing-based workers for U.S. due-diligence company Mintz Group. The news has put companies that conduct due diligence and business intelligence in China on heightened alert, with details about the visits scant and uncertainty swirling around what triggered them.

China’s party-state, long steeped in secrecy, is creating a black box around information on the world’s second-largest economy, alarming global businesses and investors. Prodded by President Xi Jinping ’s emphasis on national security, authorities in recent months have restricted or outright cut off overseas access to various databases involving corporate-registration information, patents, procurement documents, academic journals and official statistical yearbooks.

☆ Chinese Authorities Question Bain Staff in Shanghai
▼ + stars: | 2023-04-27 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

Bain & Co.’s presence in China includes offices in Shanghai, as well as Beijing and Hong Kong. Photo: hector retamal/Agence France-Presse/Getty ImagesHONG KONG—Authorities visited the Shanghai offices of Bain & Co. and questioned staff, the management-consulting firm said, becoming the latest foreign firm to be targeted in China where authorities have been increasing pressure on selected American and other Western businesses. The Boston-based company said Wednesday U.S. time that it was cooperating with authorities and declined to comment further. Shanghai police didn’t immediately respond to a request for comment on the reason for the visit, previously reported by the Financial Times, which also said police took away computers and phones.

☆ Bain’s Staff in Shanghai Questioned as China Targets Foreign Businesses
▼ + stars: | 2023-04-27 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

Bain & Co.’s presence in China includes offices in Shanghai, as well as Beijing and Hong Kong. Photo: hector retamal/Agence France-Presse/Getty ImagesHONG KONG—Chinese authorities questioned Shanghai workers at consulting firm Bain & Co., underlining the mounting uncertainties facing foreign executives and businesses operating in China after a series of detentions and investigations. The Boston-based company said Wednesday U.S. time that it was cooperating with authorities and declined to comment further. Shanghai police didn’t immediately respond to a request for comment on the reason for the visit, earlier reported by the Financial Times, which also said police took away computers and phones.

China’s espionage law, passed by lawmakers Wednesday, is prompting concerns that Western companies could be required to provide information to Chinese security officials. Photo: PANG XINGLEI/XINHUA/ZUMA PRESSChina rewrote its law against espionage to tighten state control over a wider swath of data and digital activities, an expansion of its power to neutralize perceived foreign threats that raises the risks for businesses operating in the world’s second-largest economy. Foreign executives say the expanded scope and powers of the legislation threaten to turn everyday interactions into national-security offenses and underscore the increasingly hostile environment that many foreign businesses believe they face in the country.

☆ Huawei’s Meng Wanzhou Steps Closer to U.S.-China Tech-War Front Line as Chairwoman
▼ + stars: | 2023-03-30 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

HONG KONG—Eighteen months ago, she was a high-profile symbol of a bigger tech battle between China and the U.S. Now, she is set to take the helm of a Chinese telecommunications company at the leading edge of the country’s push to break free from dependence on America for key technologies. Meng Wanzhou , chief financial officer at Huawei Technologies Co., is set to begin a six-month rotation as company chairwoman after presenting annual results on Friday in Shenzhen, China.

☆ Huawei’s Meng Wanzhou Steps Closer to U.S.-China Tech War Frontline as Chairwoman
▼ + stars: | 2023-03-30 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

☆ Huawei Bets on Another Premium 4G Phone
▼ + stars: | 2023-03-22 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

A Huawei store in Hangzhou, China, earlier this year. HONG KONG—Would you buy a premium-priced smartphone that doesn’t have 5G? Huawei Technologies Co. thinks its customers will, at least in China. More than two years after U.S. sanctions wrecked the Chinese tech giant’s once-dominant global smartphone business, Huawei has stuck with a regular schedule of new flagship phone launches and is gearing up to debut its latest on Thursday.

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