NHL Strikes Deal With Prediction Markets

Bloomberg•Wednesday, October 22, 2025 at 6:04:08 PM

The NHL has made a groundbreaking move by partnering with prediction market platforms Kalshi and Polymarket, marking the first time a major American sports league has embraced this innovative approach. This deal not only highlights the NHL's willingness to adapt to new trends but also opens up exciting opportunities for fans and bettors alike, potentially enhancing engagement with the sport. Keith Wachtel, the NHL's Business president, shared insights about these partnerships on Bloomberg Markets, emphasizing their significance in the evolving landscape of sports and betting.

— Curated by the World Pulse Now AI Editorial System

Read Original

Was this article worth reading? Share it

Recommended Readings

Bloombergan hour ago

Verizon Business Sponsor Spotlight

PositiveFinancial Markets

In a recent discussion at Bloomberg Tech in London, Sanjiv Gossain from Verizon Business and Stuart Rimmer from Thames Freeport highlighted the crucial role of networks in fostering digital ecosystems. They emphasized how enhanced connectivity drives innovation and supports sustainable growth, showcasing the importance of technology in today's business landscape. This conversation matters as it sheds light on the future of digital transformation and the potential for businesses to thrive through improved network capabilities.

Read full article

via Bloomberg

Bloomberg2 hours ago

Long-End of Yield Curve Has ‘Sneaky Bid,’ Says JPM’s Misra

PositiveFinancial Markets

Priya Misra, a portfolio manager at JPMorgan, has shared an optimistic outlook regarding the long end of the yield curve, suggesting that many concerns have been alleviated. This perspective is significant as it indicates a potential stabilization in the bond market, which can influence investment strategies and economic forecasts.

Read full article

via Bloomberg

Bloomberg3 hours ago

Horizons Middle East & Africa 10/23/2025

PositiveFinancial Markets

Horizons Middle East & Africa is set to be a key daily resource for anyone interested in one of the world's most dynamic regions. Broadcasting live from Dubai, it offers timely updates on global markets, insightful analysis, and engaging interviews, making it a must-watch for professionals in the Gulf, Hong Kong, London, and Johannesburg. This initiative not only highlights the economic potential of the MEA region but also connects audiences across different time zones, fostering a greater understanding of global market trends.

Read full article

via Bloomberg

Bloomberg3 hours ago

Gold to Reach $4,600 Next Year: Lombard Odier Forecast

PositiveFinancial Markets

Lombard Odier's Chief Investment Officer, Nannette Hechler-Fayd'Herbe, recently shared insights on the gold market, highlighting its role as the 'ultimate diversifier' and its importance for structural purposes. She predicts that gold prices could soar to $4,600 by 2026, indicating a strong bullish outlook for this precious metal. This forecast is significant as it suggests a growing confidence in gold as a safe haven investment amidst economic uncertainties, making it a key asset for investors looking to hedge against market volatility.

Read full article

via Bloomberg

Bloomberg4 hours ago

DeepSeek More Affordable For Africa's Tech Startups

PositiveFinancial Markets

DeepSeek is becoming a popular choice among Africa's tech startups as they opt for more affordable AI models over pricier western alternatives like OpenAI. This shift highlights a growing trend where African founders prioritize cost-effectiveness and accessibility in technology, even as they navigate concerns about reliance on Chinese firms and data privacy. The conversation led by Bloomberg's Loni Prinsloo sheds light on this significant development in the African tech landscape.

Read full article

via Bloomberg

Bloomberg5 hours ago

US Mulls Broad Software Curbs on China | The China Show 10/23/2025

NeutralFinancial Markets

The US is considering implementing broad software restrictions on China, a move that could significantly impact the tech landscape and international relations. This potential policy shift is crucial as it reflects ongoing tensions between the two nations and highlights the importance of technology in global economics. Keeping an eye on these developments is essential for investors and businesses alike, as they could reshape market dynamics and influence future investments.

Read full article

via Bloomberg

Bloomberg6 hours ago

India's Russian Oil Flows Said to Plunge after US Sanctions | Insight with Haslinda Amin 10/23/2025

NegativeFinancial Markets

India's oil imports from Russia are expected to decline significantly following new sanctions imposed by the United States. This development is crucial as it could impact India's energy security and its economic ties with Russia, which have been strengthening in recent years. The sanctions reflect ongoing geopolitical tensions and may lead to shifts in global oil markets, affecting prices and availability for consumers.

Read full article

via Bloomberg

Bloomberg6 hours ago

Gitau: DeepSeek’s Simplicity Optimal for Africa

PositiveFinancial Markets

Shikoh Gitau, CEO of Qhala, recently discussed with Bloomberg the growing trend of African startups opting for affordable open-source AI models like DeepSeek, particularly as Chinese firms such as Huawei actively engage with innovation hubs across the continent. This shift towards accessible large language models is significant as it empowers local businesses and fosters innovation, making advanced technology more reachable for many in Africa.

Read full article

via Bloomberg

Latest from Financial Markets

BBC News27 minutes ago

European firms unite in bid to rival SpaceX

PositiveFinancial Markets

European companies are coming together to create a competitive alternative to SpaceX, with Airbus emphasizing the importance of taking action rather than remaining passive. This collaboration could enhance Europe's position in the space industry and foster innovation, making it a significant development for the future of space exploration.

Read full article

via BBC News

Investing.com28 minutes ago

Deutsche Bank upgrades CME Group stock to Buy on prediction markets growth

PositiveFinancial Markets

Deutsche Bank has upgraded CME Group's stock to a 'Buy' rating, citing anticipated growth in prediction markets. This upgrade is significant as it reflects confidence in CME Group's potential to capitalize on the expanding market for predictive analytics, which could lead to increased trading volumes and revenue. Investors may find this a promising opportunity as the demand for accurate forecasting tools continues to rise.

Read full article

via Investing.com

Investing.com28 minutes ago

No stabilization undertaken for Republic of Estonia's €500m bond issue

NegativeFinancial Markets

The Republic of Estonia has announced that it will not undertake stabilization measures for its recent €500 million bond issue. This decision raises concerns among investors about the potential volatility and risks associated with the bond, as stabilization typically helps to manage price fluctuations in the market. The lack of such measures could lead to increased uncertainty for those looking to invest in Estonian bonds, which is significant given the current economic climate.

Read full article

via Investing.com

Bloomberg28 minutes ago

Blackstone’s Credit Assets Reach $500 Billion After 18% Surge

PositiveFinancial Markets

Read full article

via Bloomberg

Investing.com28 minutes ago

Railroad operator Union Pacific’s quarterly profit rises

PositiveFinancial Markets

Union Pacific, a major railroad operator, has reported a rise in its quarterly profit, showcasing the company's strong performance in the transportation sector. This increase is significant as it reflects the growing demand for freight services and the company's effective management strategies. Investors and stakeholders will be keen to see how this trend continues, as it could indicate a robust economic recovery and increased activity in the logistics industry.

Read full article

via Investing.com

Investing.com28 minutes ago

Wall Street futures dip as investors assess earnings, trade risks

NegativeFinancial Markets

Wall Street futures have dipped as investors take a cautious approach in light of recent earnings reports and ongoing trade risks. This decline reflects the uncertainty in the market, as traders weigh the implications of corporate performance against potential economic challenges. Understanding these trends is crucial for investors looking to navigate the complexities of the current financial landscape.

Read full article

via Investing.com