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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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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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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DraftKings Acquires CFTC-Regulated Prediction Market Exchange

DraftKings Inc. has made its most aggressive move beyond traditional sports betting by acquiring Railbird Technologies Inc., a federally regulated trading exchange licensed by the Commodity Futures Trading Commission. The strategic acquisition, announced Tuesday, positions the company to capitalize on growing demand for real-money wagering on future events through a compliant platform, sparking an immediate 8.3% surge in aftermarket trading as investors embraced the expansion into contested prediction markets.

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Market Leaders Struggle as Concerns Weigh on Stock Performance

Market leaders are faltering, raising concerns about the broader market’s stability amid issues like tariffs and potential Federal Reserve rate cuts. Notable declines include Robinhood and DraftKings, with Palantir dropping 22% due to insider selling fears. This trend, coupled with a seasonally weak period and upcoming economic reports, suggests further challenges ahead for major indices.

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Stock Market Update: Jobs Report Impact, Apple and Amgen Surge

Stock markets surged after weaker-than-expected jobs growth in April, with Apple and Amgen driving gains. The U.S. economy added 175,000 nonfarm payrolls, falling short of estimates, while Apple exceeded expectations and Amgen’s surge impacted Dow. Other companies like Cloudflare, DraftKings, Booking, and Texas Roadhouse also saw notable movements in the market.

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Stock Futures Rise as Investors Await Corporate Earnings and Labor Data

Stock futures rose as investors awaited corporate earnings and labor data. The Federal Reserve’s decision to maintain interest rates caused a choppy day on Wall Street, with major indexes ending mixed. Notable after-hours moves included Qualcomm’s rise and DoorDash’s decline. Thursday’s focus is on economic data and earnings reports from Apple, Amgen, and others.

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Stock Market Update: Key Stocks, Futures Rebound; Powell, Earnings in Focus

Stocks rebounded in early trading, with Dow Jones futures up 0.6% and S&P 500 futures up 0.2%. However, Tesla stock continued to decline after confirming a 10% global workforce cut. Federal Reserve Chairman Jerome Powell is set to discuss the economy, while Bank of America, Johnson & Johnson, Morgan Stanley, and UnitedHealth reported key earnings. The Nasdaq composite and S&P 500 closed below their 50-day moving averages for the first time since early November, while the Dow Jones Industrial Average dropped 0.6%. Among the best stocks to watch were Broadcom, DraftKings, ServiceNow, American Express, and Verizon Communications.

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