US Edition
Wall Street JournalTuesday, 5 May 2026
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Most—Except a Few Sharks—Lose on Prediction Markets
The paper uses data and individual trader anecdotes to illustrate that prediction markets heavily favor sophisticated professional traders over retail participants.
Prediction markets like Polymarket have surged in popularity for betting on political and world events, raising questions about market fairness and the financial risks to amateur participants.
“Except a Few Sharks”
“Cautious on retail finance trends”
U.S., Iran Step Up Fighting In Strait Standoff
American forces sink attack boats in bid to open passage; Tehran hits tankers
Focuses on the escalating naval and economic confrontation in a crucial global shipping lane.
Morgan Stanley Faces Inquiry For Junior Team in Hungary
Highlights regulatory scrutiny over offshore compliance and operational structuring at a major bank.
Tsunami of Raw Sewage Plagues California Beach
Details local environmental infrastructure failures impacting affluent coastal communities.
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