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Stock impact report

You could have won money off what Trump said in Eastern NC Friday night [Yahoo! Finance]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: Yahoo! Finance
Not necessarily to these words' significance, but literally to whether or not the president uttered them. If Trump mentioned “water,” “Somalia,” “ICE,” “inflation,” “Biden,” or other select topics, individuals would make or lose money through one of the growing number of online prediction market platforms. The trading volume on this one Eastern North Carolina speech — on only one platform — exceeded $1.1 million. Unlike traditional gambling, prediction markets don't facilitate bets against “the house,” but instead connect people to enter future contracts with each other. Contract values fluctuate leading up to, and of course after, the events. And topics go far beyond sports. There are now predictions for elections, the Oscars, measles outbreaks, the weather, where Stephen Colbert will work next year, and much more. CNBC this year named North Carolina as its “Top State for Business” — people are putting money on whether the Tar Heel State repeats in 2026. Another market asks if Show less Read more
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