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Crypto

World Cup to boost prediction markets; Bernstein sees $10 billion in volume

The 2026 FIFA World Cup could generate about $3 billion in additional trading volume in prediction markets, according to an outlook cited by Coinpost. Investment bank Bernstein estimates the expanded tournament could lift total sector betting by up to $10 billion. It said Kalshi leads platforms by volume, while DraftKings may be the biggest beneficiary. It also pointed to crypto-linked operators and projected strong long-term growth for prediction markets.

Industry

With 3 million won, retail investors can buy SpaceX shares; five cautions for overseas stock buyers

SpaceX plans to sharply expand the portion of IPO shares allocated to retail investors, potentially up to 30 percent, Bloomberg reported. Subscriptions will be taken through brokers including Charles Schwab, Fidelity and Robinhood, with Fidelity allowing accounts with at least $2,000. The article flags potential oversubscription, post-listing volatility, restrictions on quick resale, historical limits of first-day gains, the company’s debt and losses, concentrated voting control by Elon Musk, and possible ticker confusion with Virgin Galactic.

Industry

OpenAI, Anthropic and SpaceX IPOs loom, testing U.S. market’s ability to absorb supply

SpaceX and Anthropic have begun IPO procedures and OpenAI may follow, raising questions about whether U.S. markets can absorb new listings from large private tech firms. Market focus is on shifts in supply and demand after listings, including index inclusion and lock-up expiries that could release large volumes of shares. Estimates suggest up to $4 trillion in market value could be added if all three list.