Prediction markets have been around for a few years, but they gained momentum following the last U.S. presidential election. Their popularity has even gripped Wall Street, where investors and strategists increasingly rely on their odds as a kind of gut check. That growth is now being dwarfed as the platforms expand into sports.

Wall Street's top regulator on Thursday eased the way for companies to proceed with initial public offerings during the federal government's shutdown, according to an announcement on its website.

Several firms have sought to fill a void in the absence of federal data, and most estimates indicate a loosening labor market.

We asked this year's Rising Stars of Wall Street to explain what they do so anyone can understand. Here's what they said.

"The only way to break the 'Kicking the can down the road' philosophy is a proper bond market riot," Edwards says, adding that it won't be until inflation is 15% or higher that a figure like former Fed Chair Paul Volcker or UK Prime Minister Margaret Thatcher will "sort out the chaos."

Netflix brings video games to TV screens in push beyond streaming. Generic drug imports unlikely to face tariffs - report. Trump says ACA subsidies won't be discussed until government opens.

Business Insider's 2025 Rising Stars of Wall Street are a diverse group. See the breakdown on where they went to school and other fun facts.

JPMorgan CEO Jamie Dimon says a U.S. recession could hit in 2026, a warning to markets not to get complacent despite strong GDP growth and AI optimism