Prediction markets reach $240 billion on retail trading growth
Industry estimates put total prediction market volume at $240 billion this year as prices track news in real time.
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Ben Carter
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
PacifiCorp Joins CAISO Extended Day-Ahead Market as First Utility Outside California
PacifiCorp became the first utility outside California to join CAISO’s extended day-ahead market.
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U.S. debt tops 100.2% of GDP as public debt reaches $31.27 trillion
Interest payments reached $529 billion in the first half of fiscal 2026, exceeding defense spending of $461 billion.
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U.S. Stocks Rebound 10% as Investors Price in Iran War Risks
The S&P 500 has risen nearly 3% in a day and 10% since late March as investors priced in the Iran war’s fallout.
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LIV Golf Seeks Outside Capital as PIF Exits
LIV told players and staff that PIF funding is ending and the league is seeking outside capital, according to the Wall Street Journal and The Athletic.
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U.S. debt tops 100% of GDP as publicly held debt reaches $31.27 trillion
U.S. publicly held debt reached $31.27 trillion on March 31, exceeding GDP by $49 billion and lifting the debt-to-GDP ratio to 100.2%.
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US economy grows 2% in Q1 as AI investment lifts GDP
Business investment in artificial intelligence did much of the lifting for Q1 growth, according to Bloomberg and the Wall Street Journal.
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NBA urges CFTC to tighten prediction market rules over game integrity
The NBA urged the CFTC to tighten prediction market rules, citing risks from player, official and staff participation.
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NBA asks CFTC to tighten prediction market rules for players and officials
The NBA asked the CFTC to tighten prediction market rules for players, officials and team staff.
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Debt held by the public reaches 100.2% of GDP at the end of March
U.S. public debt held by the public reached 100.2% of GDP at the end of March, or $31.265 trillion.
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AI Spending Lifts U.S. GDP to 2% as Consumer Spending Softens
Business investment, especially AI spending, was the main driver of first-quarter growth.
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Oil Holds Near $110 After Iran Shuts Strait of Hormuz and Cuts 14 Million Barrels a Day
JPMorgan said 580 million barrels in storage and tanker supply have offset about 8 million barrels a day of the shortage.
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