Google Finance Adds AI-Powered Prediction Market Data

Google is fundamentally transforming its Finance platform by integrating artificial intelligence capabilities that will provide users with real-time prediction market data from leading platforms Polymarket and Kalshi. This strategic enhancement allows investors to ask natural language questions about future economic events and receive probability-based market insights, marking a significant evolution in financial data accessibility. The rollout begins with early access for Google Labs users in the coming weeks, positioning Google Finance at the forefront of the rapidly expanding prediction market ecosystem.

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October Layoffs Hit 22-Year High Amid AI Job Cuts

October witnessed the highest level of layoffs in 22 years as companies increasingly turn to AI and cost-cutting measures. Meanwhile, caution persists around tech valuations despite Qualcomm’s bullish forecast, and Disney partners with DraftKings for sports betting. The latest Bloomberg Open Interest report reveals significant workforce reductions driven by AI implementation and corporate cost-cutting initiatives, while major corporate developments signal strategic shifts across multiple industries.

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MoviePass Launches Mogul: Fantasy Betting on Hollywood

MoviePass is reinventing itself by launching Mogul, a fantasy platform where users can wager on Hollywood box office performance. The service turns movie fans into active participants using prediction market mechanics without real-money stakes. This move comes as major betting companies like DraftKings show growing interest in prediction markets, positioning MoviePass at the intersection of entertainment and emerging betting technologies.

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Robinhood Prediction Markets Outpace Transaction Revenue

Robinhood’s bold foray into prediction markets is rapidly transforming the retail brokerage’s revenue landscape, with analysts projecting sports betting and event contracts will soon eclipse traditional transaction processing as the company’s primary growth engine. Compass Point analysts forecast prediction market revenue surged 100% quarter-over-quarter to $20 million in Q3, dramatically outpacing the 35% growth expected in transaction revenue, as NFL and college football betting through partner Kalshi gains momentum. The investment bank maintains a bullish “buy” rating with a $161 price target—representing potential new all-time highs for HOOD stock—citing prediction market expansion alongside crypto trading fees and staking rewards as key drivers of the company’s evolving business model.

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DraftKings Buys Railbird, Canaan Soars, Zelle Adopts Stablecoins

This week’s financial markets witnessed significant convergence between traditional finance and digital assets, with DraftKings making a strategic prediction market acquisition, Bitcoin miner Canaan staging a dramatic recovery from near-delisting, and banking consortium Zelle embracing stablecoins for cross-border payments. These developments signal growing institutional adoption of crypto technologies while highlighting the regulatory navigation required in this evolving landscape.

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Polymarket Eyes $15B Valuation in New Funding Round

Prediction market platform Polymarket is negotiating a massive new funding round that could value the company between $12-15 billion, representing a staggering 10-fold increase from its $1 billion valuation just four months ago. The platform’s rapid ascent comes amid growing mainstream adoption through partnerships with major brands including DraftKings and the NHL, while rival Kalshi also seeks funding at over $10 billion, signaling explosive growth across the prediction market sector.

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NHL Partners with Kalshi, Polymarket in Sports Betting First

The National Hockey League has become the first major US professional sports league to license its trademarks to prediction market platforms Kalshi and Polymarket, marking a watershed moment that formalizes prediction markets’ entry into sports betting. This groundbreaking partnership allows both platforms to operate under federal Commodity Futures Trading Commission oversight rather than state gaming commissions, signaling a fundamental shift in how sports betting is structured and regulated while potentially expanding the NHL’s fan base to tech-savvy prediction market users.

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DraftKings Taps Polymarket for Prediction Market Clearing

Sports betting giant DraftKings is making a strategic entry into the booming prediction market industry through a partnership with Polymarket, which will serve as the designated clearinghouse for DraftKings’ new platform. This expansion follows DraftKings’ recent acquisition of CFTC-regulated platform Railbird, positioning the company to compete in a market generating over $4 billion in monthly trading volume and signaling growing convergence between traditional sports betting and prediction markets.

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NHL Partners with Kalshi, Polymarket in Prediction Market Push

The National Hockey League has signed groundbreaking multi-year licensing agreements with prediction market platforms Kalshi and Polymarket, marking the first time a major U.S. professional sports league has officially authorized prediction markets to use its trademarks. These historic partnerships arrive as weekly prediction market volume surpasses $2 billion for the first time, with sports betting driving $414.7 million in volume last week alone, signaling a major shift in how professional sports leagues engage with emerging betting technologies.

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DraftKings Acquires Railbird to Launch Prediction Market App

DraftKings has strategically acquired CFTC-licensed prediction market platform Railbird to launch its DraftKings Predictions mobile app, positioning itself at the forefront of a rapidly expanding market that just surpassed $2 billion in weekly volume. The acquisition, announced as industry projections forecast explosive growth to $95.5 billion by 2035, signals DraftKings’ ambitious expansion beyond traditional sports betting into finance, culture, and entertainment contracts, initially targeting states where sports betting remains illegal.

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