Dow Jones Top Financial Services Headlines at 4 PM ET: DraftKings Launches Prediction Market in States Without Legal Sports Betting | Coinbase ...

DraftKings Launches Prediction Market in States Without Legal Sports Betting

Prediction markets have been a major headwind this year for the U.S. sportsbook duopoly of DraftKings and FanDuel-parent Flutter Entertainment.

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Coinbase Sues Three States Over Prediction Markets. That's Not Why the Stock Is Jumping.

Coinbase is wasting no time joining the legal fight after expanding into the rapidly growing prediction markets.

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BBVA to Launch $4.6 Billion Buyback After Failed Sabadell Bid

Stock repurchases of up to $1.76 billion will start on Monday, to be completed no later than April 7.

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Insurance Rates Should Fall Next Year. Hopefully Not Too Much.

The U.S. avoided a major hurricane this year, but insurers should still be wary of elevated future losses.

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These are the secrets to Buffett's investment success, according to this billionaire investor

Seth Klarman, CEO and portfolio manager of the value-oriented investment management fund Baupost Group, says investors have much to learn from Warren Buffett.

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Charles Schwab CEO Explains Why Investing Works-and Gambling Doesn't

One in six new clients are Gen Z, Rick Wurster tells At Barron's Andy Serwer in an interview.

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PCAOB to Cut Chair's Pay by More Than Half Amid SEC Pressure

Other board members would also see their salaries slashed as the auditing watchdog approves a smaller budget for 2026.

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Jump Accused of Contributing to Collapse of Terraform, Do Kwon's Crypto Empire

The administrator winding down what remains of Terraform Labs is seeking $4 billion in damages.

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ANZ Handed Record Penalty for Misconduct, Risk Failures

The Australian bank will pay the largest combined penalties ever secured by Australia's corporate regulator, over risk failures and widespread misconduct.

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GPB Capital Fraud Conspirator Jeffry Schneider Seeks Clemency

Schneider asked the trial judge to reduce his six-year sentence citing Trump's clemency for co-conspirator David Gentile.

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COO of Advisory Firm and Alleged Ponzi Scheme Pleads Guilty to Wire Fraud

David Bradford was the chief operating office of Drive Planning, which has been accused of a $300 million fraud.

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Financial Services Roundup: Market Talk

Find insight on the Bank of Japan, Indonesian banks and more in the latest Market Talks covering Financial Services.

 

(END) Dow Jones Newswires

December 19, 2025 16:15 ET (21:15 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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