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- You can sign up for , writes Business Insider’s Matthew Fox. And it could eventually change how we view any potential outcome, not just future elections.
Kalshi, which has attracted more than $100 million in election-related bets, is currently one of the most popular apps in the Apple App Store. The trading app Robinhood also , citing their ability to quickly adapt to the latest news and the fact participants are invested in the outcome.
This election will serve as a good test of that theory, as there’s a wide gap between the two approaches. Betting markets have Trump as a heavy favorite, whereas traditional polls indicate a tight race.
Should Trump win in a landslide, it could strengthen the case for using betting markets as a key tool for election analysis. Nate Silver, one of the most well-known polling analysts, is already an advisor to Polymarket.
But a presidential race only happens once every four years. What about the rest of the time?
If the past few years have taught us anything, from Meta’s third-quarter earnings report today. Bank of America has said the stock is a top AI pick, and investors are keeping an eye on AI growth opportunities.
- Citadel’s playing the long game with its shorts. Justin Lubell, the hedge fund’s global equities head, said the firm’s longest-running equities group made more money shorting stocks than its long-term investments in recent years. Lubell said the strategy benefits from .
- Amazon Web Services’ Graviton chips are thriving. In 2018, AWS launched Graviton, its own line of homegrown central processing unit chips for data-center servers. Now, .
- Alphabet surpassed its third-quarter earnings expectations. Google’s parent company delivered beats on revenue, earnings per share, its advertising business, and Google Cloud revenue. The search giant is all-in on AI — CEO Sundar Pichai said more than a quarter of the company’s new code is created by AI and then checked by employees.
- Is X being influenced by Elon Musk or its users? Musk is self-proclaimed “super MAGA.” And X, the social media platform he owns, is more likely to show content from right-leaning accounts, according to reports by The Washington Post and The Wall Street Journal. But it’s unclear whether the platform is showing users what they want to see or what Musk wants them to see.
- Meta, Microsoft, Starbucks, and other companies report earnings.
- The Bureau of Economic Analysis publishes Q3 economic growth data.
What’s happening today
The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Milan Sehmbi, fellow, in London.
