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Midterm elections shaping up as big business for gamblers in the rough and rowdy world of prediction markets
“This is a troubling trend that election administrators across the nation must deal with,” said Jared DeMarinis of the Maryland State Board of Elections.
One in five Americans call sports betting an investment. For Gen Z, it’s twice as many — and they don’t come close to breaking even
People used to place bets periodically, but now it has become a daily habit for nearly a quarter of sports bettors.
Cathy Engelbert built the WNBA into a sports powerhouse. Her successor will inherit a league at a crossroads
After Engelbert’s tenure as WNBA commissioner, the league is more valuable and popular than ever—but her successor will inherit a league facing tensions.
‘If you can’t beat ’em, eat ’em’: Italy is turning its hated invasive crab into a multimillion-dollar business
After the crabs devastated Italy’s prized clam industry, fishermen found a new strategy: exporting every crab they catch.
Young Kalshi users have traded an estimated $3.9B on sports and parlay-type contracts this year, exposing a loophole that lets them bet before age 21
Critics warn prediction markets let 18-year-olds make sports wagers while bypassing state betting age limits.
Business has lost the trust of a generation. I hear about it at my dinner table
A colleague told me, half-terrified, that her son's becoming a full-blown socialist. Our kids have been taking notes on the new (broken) social contract.
GXO CEO: Better robot hands, not Olympic-level humanoids, are what businesses really need
Also: All the news and watercooler chat from Fortune.
31-year-old millionaire has zero sympathy for unemployed Gen Z’s ‘excuses’—he says ‘it is scarily easy’ to build a business and get rich right now
As AI kills entry-level jobs, multimillionaire Timothy Armoo has a blunt message for unemployed Gen Zers: stop making excuses and start building.
This baby boomer vs. Gen X Senate race emerges as key test of generational change in U.S. politics and what age is too old for Congress
Sen. Ed Markey is 80, while his rival, Rep. Seth Moulton, is 47.
Dolly Parton once turned down a song request from Elvis Presley. That was just one business decision that helped build her $650 million empire
Parton established her own publishing company in 1966, which helped her hold on to nearly all of her publishing rights.
College sports and ‘amateurism’ become the new ‘professional’ as an NFL player fights to return to school
Pros going back to amateur sports? It’s not amateur in the first place, according to a sports historian.
‘Like at McDonald’s’: Sports nurse practitioner sold opioids to athletes like ‘you gotta pay for your burger,” DEA investigation finds
Joan Rubinger had a client list that included hundreds of athletes—but the DEA found she doled out thousands of illegal prescriptions.
Dolly Parton’s advice on running a successful, sprawling business empire: ‘Rely on “higher wisdom,” look your best, and don’t boss anyone around’
“Rely on ‘higher wisdom,’ look your best, and don’t boss anyone around.”
Anthropic makes first move into physical AI with new way for scientists, manufacturers to bring equipment to life
The Model Hardware Standard (MHS) works with any AI model, not just Claude, but for now only a handful of companies can access the research preview.
Zohran Mamdani’s business council includes the CEOs of Chobani and Etsy. But Wall Street and Big Tech turned him down
The democratic socialist mayor is bringing leaders from Chobani, Etsy, RXR and more to City Hall—but several prominent executives didn’t join.
You don’t have to agree with AOC’s politics to support the public conversation she started for American women
Her politics may divide Americans, but the doctors argue the fertility conversation she started shouldn’t.
There are a record 3,795 billionaires in the world right now—and just like Jeff Bezos, their favorite investments are sports and philanthropy
Billionaires from Microsoft CEO Steve Ballmer to businessman Robert Kraft are spending their fortunes buying sports teams and funding charitable causes.
Bill Gates wants to tax robots to deter businesses from replacing humans with machines
"The tax system nudges you toward replacing people with machines."
How IHH Healthcare CEO Prem Kumar Nair is planning for a longer-lived Asia
The head of Asia’s largest private health group is advancing clinical longevity, cancer care, AI and neighborhood-based treatment.
Every politician says they’re for the working man, so why are only 1% of elected officials from the working class?
Researchers tracking 97 democracies find working-class candidates are just as qualified and likely to win as white-collar rivals, but don't get recruited.
‘This is obviously a very, very lucrative business for them’: Somali pirates are back—the Iran war is keeping the US too busy to stop them
Brett Erickson, a managing principal at Obsidian Risk Advisors, says Somali pirates have a lower risk of American retaliation because of resources in the Middle East.
Asia’s founders are going global faster, sometimes even before they’re sure what their business is, says Stripe’s SEA MD
To help businesses expand, Stripe is announcing partnerships with an array of Southeast Asian payment processors like ShopeePay, GCash, and TrueMoney.
The company selling a $3,000 mattress cover that billionaires love wants to become a healthcare company that treats sleep apnea
Eight Sleep wants to turn its consumer sleep data into a healthcare business, but first it has to clear regulatory and clinical hurdles.
Meet the 18-year-old junk remover who vibe-coded his own pricing calculator and makes up to $15,000 a month
Carter Grandbois' first job paid $500 for 30 minutes of work. "That was kind of an eye-opener." He's part of a movement of Gen Z blue-collar entrepreneurs.
The CEO of $1.2 billion learning platform Preply says it all started with his online search for an English tutor
Kirill Bigai, the cofounder and CEO of learning platform Preply, had to take on a consulting gig while getting paid almost nothing building the business.
Mark Walter’s sports empire offers a glimpse of the money machine behind private credit—and the plumbing keeping it together
Where did the money come from for Walter to buy the Dodgers, Lakers and Chelsea FC? And what does it have to do with insurance?
Meet the sisters who got dumped by their landlords and were down to their last £15,000 before they built an £8 million business
Annabel and Emily Lui left careers in finance and law to build Cutter & Squidge. Their next target is £10 million.
Owning the Lakers would provide billionaire investor Joshua Kushner with an iconic sports franchise — and a ‘powerful tax shield’
"My guess is he is preparing to offset a boatload of carried interest income. If you own a sports team, done correctly, you can get a deduction against income."
Gen Z is eyeing up ‘secure’ healthcare jobs to AI-proof their careers, but be warned: Chiropractors, doctors and paramedics are the unhappiest workers
Health care workers report burnout and lower job satisfaction. So Gen Z's safest bet might just be behind a counter, not a stethoscope, research suggests.
Iran business leader admits U.S. blockade will inflict more economic damage than war, and the ‘worst thing that could happen’ is trying to evade it
The head of the Iran-China Joint Chamber of Commerce said "the consequences of the blockade far outweigh those of a direct war."
Trump embraces a political strategy of being in charge of everything but responsible for nothing when things go badly
His unwillingness to accept blame sometimes leads him to deny that there are problems at all.
Before employers shift more healthcare costs to workers, they should ask hospitals a question
Healthcare is a growing operating expense and, per Mercer data, roughly three-quarters of CFOs rank healthcare as a top five operating cost concern.
McKinsey senior partners: America’s growth strategy demands a health reset
The gap between what we spend and how healthy we are should concern anyone who cares about the country’s future.
‘Call Her Daddy’ host Alex Cooper’s Unwell beverage business is shutting down
On Wednesday, Unwell raised money from Hollywood super agent Patrick Whitesell that valued the entire business at $500 million. It will go somewhere else.
Anthropic’s $2 trillion problem: Its underlying business is nowhere near the IPO valuation it wants
Everything you need to know before you reach the office this morning.
Glenn Fogel runs the world’s largest online travel business. He still personally reads customer complaints because ‘you gotta get that sh*t right’
The travel industry, like every sector, is experimenting with the best use cases for AI. Fogel is working towards a world where tourism becomes an intelligence system in its own right
Jennifer Garner cofounded a $732 million business at 45, and says her age came with perks: ‘I’m blissfully not motivated by needing to be in charge’
Millionaire actress Jennifer Garner became a cofounder after two decades in Hollywood success, and says she had one big advantage over younger founders.
‘Kids don’t go out and do things anymore’: Youth sports are becoming a thing for rich people
“There's travel, the uniforms, pitching in on the lunches,” said Tanisha Curry, 51, who has custody of her granddaughter. She says her family pitches in.
Only 12% of family businesses stay in the family by the third generation. A Goldman Sachs chairman says optimism is the reason
François-Xavier de Mallmann steers Goldman's relationships with many of the world's largest family-controlled enterprises.
Gates Foundation’s $540 million gift to science comes as the federal government pulls back on funding
The historic gift to a University of Washington research institute lands as the federal government retreats from funding science.
Kalshi CEO slams founders for being over-reliant on ‘mostly trash’ business advice—he founded his now-$22 billion prediction market as a college grad
Kalshi’s 30-year-old CEO says most business advice is ‘trash’—he doesn’t read management books or listen to podcasts: ‘I’m gonna make it up as I go’
‘Your back’s against the wall’: How two Gen-Z founders bet everything on a Brooklyn laundromat
Their advisers said it was a mistake. Today, Brooklyn's Launderette is betting customer experience can redefine a "boring business."
It’s not just Canadian tourists snubbing U.S. cities. Business leaders are cancelling more trips to America as geopolitical tensions continue
An analysis of cell phone data shows Canadian visits to U.S. cities have plummeted 42% year-over-year, dwarfing previous estimations.
Google quietly discontinues its Earth AI feature a day after its rollout after users made no-no images
Google’s “Nano Banana” AI allowed users to generate any images they wanted from Google Earth—and Google didn’t measure the consequences.
Mamdani wants to form business panel with ex-Lazard, UBS bankers
Mamdani is courting UBS, Lazard and BofA veterans for an advisory council spanning finance, real estate and tech, people familiar with the matter say
Exclusive: Kalshi launches ‘Blanket’ to help small businesses hedge against risk—with help from the guru of ‘hypergamblification’
Lauris Zminsky says "a lot of young people are embracing lottery-ticket economics" — but his new project with Kalshi is totally separate from that.
I built Canada’s largest crypto company. But the business climate here made selling to Robinhood inevitable
The CEO of WonderFi says that he sold because Canada's burdensome regulatory climate makes international expansion out of reach.
Computer science enrollment is plunging, but AI is taking over the rest of the college campus as it reshapes how students learn and work
Universities like Colby College are increasingly integrating AI into disciplines not related to computer science.
Bernie Sanders hails Michigan result as ‘most extraordinary victory that I can think of in modern American politics’
Abdul El-Sayed has never held elected office and entered the race years after losing the Democratic gubernatorial primary by over 20 percentage points.
Michael Dell’s son built a $13 billion home battery business—and he’s going on 30 years old
Zach Dell is banking on a home electricity and battery rental business that offers backup power without buying an exorbitantly expensive system.
Fidji Simo had to leave OpenAI. But she’s still building a business that could find cures to chronic diseases that affect women like her
ChronicleBio is using AI to improve clinical trials and find cures for diseases like POTS.
Exclusive: Former OpenAI exec Fidji Simo discusses her battle with POTS and her startup’s plans to cure it with AI and 3,500 vials of blood (so far)
Simo is a cofounder of ChronicleBio, which aims to cure complex chronic diseases by analyzing biological data with the latest AI models.
Ukraine uses business principles to maximize Russia’s casualties and economic costs, potentially crushing its will to keep fighting, RAND says
Ukraine has KPIs for the military—just like corporations, which use them to track output from employees or subsidiaries.
The computer science major is dying so that the AI literacy minor can be born: ‘we have to democratize it’
Computer science enrollment is falling even as psych, music and biology majors rush into AI minors — colleges are racing to keep up with employer demand.
‘It’s really not for the faint of heart’: This 29-year-old CEO became a business owner, doubled revenue in 3 years, and learned what car not to drive
Lucas Philips became a CEO at 26 and now finds himself getting up at 4:30 am to commute from Manhattan to Newark. He doesn't have a foosball table.
He was homeless at 16. Now, he sits on the board of David Beckham’s wellness company and his business is about to hit $1 billion in revenue
Hudson Leogrande, the founder of popular hoodie brand Comfrt, bounced between car sales and chimney telemarketing before hitting his stride as an entrepreneur.
Bars, bowling alleys and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we’re paying with our health
Chronic isolation has the same health impact as smoking 15 cigarettes a day.
Anthony Scaramucci: don’t let politics cost America the digital economy
I've been one of Trump's most outspoken critics since my tenure in his White House. But this legislation evolved as lawmakers raised legitimate concerns.
Amazon’s Andy Jassy sees a $1 trillion cloud built on businesses like the PGA Tour—which swapped its server trucks for AI broadcasts
AWS just posted $42.2 billion in revenue with its fastest growth in 18 quarters and the AI platform saw more spending last quarter than in every prior quarter since launch combined.
Wall Street’s hidden recruiting pipeline isn’t an Ivy League diploma—it’s the teammate who triples your odds of getting hired
A new study of more than 120,000 Ivy League graduates finds locker room ties, not diplomas, do the real gatekeeping into finance's top firms
Mark Cuban’s Las Vegas A’s investment is his ‘Sports 2.0’ Dallas Mavericks playbook all over again
“The new model of baseball—or basketball, football—is teams becoming media companies and transcending a local marketplace," Rashaun Williams told Fortune.
Jensen Huang says this is the greatest time in history to start a business—and his advice is to stop overthinking it: ‘How hard can it be?’
The billionaire CEO has spent the last three decades building Nvidia —but says one simple mindset helped turn a diner-booth idea into a $4.7 trillion giant.
The competition passed on a flying toy. We built it into $100 million dollar business
In his new book, Spin Master's Ronnen Harary explains how three founders in their 20s took a toy everyone rejected and turned it into Air Hogs.
Elevance Health’s CEO started her career as a pro basketball player. Now she’s the highest‑ranking woman on the Global 500, leading a $199B giant
Gail Boudreaux credits collegiate athletics with helping to shape her leadership style.
Microsoft’s stock has biggest one-day gain since 2008, adding $480 billion in market value as cloud business booms
Azure crossed $100 billion in revenue for the first time and a new disclosure about OpenAI offered some respite.
Should AI be formally recognized as a national and global security threat? In London, politicians increasingly think so
More than 125 U.K. lawmakers support ControlAI's campaign led by Luciana Berger to have non-human superintelligence officially recognized as a national and global security threat.
Meta stock drops 10% as free cash flow gets crushed—and Zuckerberg hints at launching cloud business with few details
Meta's quarterly results showcased the strength of its core social media business, as well as the gap in its business model in the AI arm's race.
Robinhood CFO details surging prediction market business as firm posts record revenue in Q2
Robinhood beat analyst expectations on several fronts though crypto revenue fell significantly.
Dr. Fauci, the Age of Big Players in science and what his diary reveals about the disputed origins of Covid
In the age of Big Players, even science has become politicized. The most recent evidence is contained in Dr. Anthony Fauci’s diary.
Jeff Zucker is banking on the UAE to help build his new $8 billion entertainment empire
The $8bn Banijay-All3Media merger has created a global media and entertainment powerhouse—and Jeff Zucker believes the Gulf has a starring role to play
Gen Z say selling their secondhand stuff online is teaching them more about business than college—and 85% of hiring managers agree
Exclusive: Hiring managers say running a Depop account impresses them more than an internship or a retail job.
A trove of users’ seemingly private conversations with Anthropic’s Claude AI chatbot showed up in Google search results
The topics of the seemingly inadvertently exposed chats ranged from erotica, programming chats, work notes, and fake book reviews.
Oprah Winfrey says ‘life starts at 44’—and research proves she’s right: the average founder starts their business after 40
Billionaire Oprah Winfrey says she “locked in” in her 40s—as most CEOs and founders are middle-aged.
Sit back and watch the birds—your health will thank you, data shows
A psychologist says scientific research have cited consistent evidence to show spending time in nature leads to health improvements.
Gambling becomes America’s favorite pastime as Americans spend more on sports bets than movies, arts, museums, and music combined
Americans wagered $166 billion on sports last year, more than Hollywood, the music industry, books, and museums combined.
Trump administration admits it canceled $7.6 billion in clean energy projects ‘based solely on the political identity of the grant recipient’s state’
In this case, that includes 16 states that voted for Democrat Kamala Harris in the 2024 presidential election.
Ronald Reagan center director: How to talk politics with family, friends and neighbors, without losing them
A new civility handbook offers a simple framework for disagreeing without destroying the relationships that matter most.
Nearly 1,000 people dead from Ebola outbreak in Congo amid health worker strike
Healthcare workers in Congo have faced local resistance, unpaid labor, and physical assault during the declared fastest Ebola outbreak in history.
Panera founder and Cava chairman Ron Shaich bets $100 million on Level99, bringing his restaurant industry playbook to entertainment
Act III Holdings doubles its stake in Level99 after the Disney Springs opening, betting restaurant-industry category discipline can build a dominant player in entertainment.
Exclusive: Twin sisters built GlossGenius into the latest female-founded unicorn. Now they’re debuting AI for small businesses far beyond beauty
GlossGenius just raised $44 million at a $1.15 billion valuation as it rebrands as Genius AI, moving beyond the beauty industry.
Prediction markets Swell to 27% of sports bets during World Cup
Kalshi, the biggest player, has repeatedly broken its own trading records during the World Cup.
Looking back at the World Cup: Fans drank Boston dry, got permanent tattoos, sold out famous BBQ joints, and drove up small business revenue
From permanent tattoos and drinking Boston dry, to a bar doing nearly 300% of weekly business in one night, the World Cup is helping small businesses.
Beyond rockets and satellites, SpaceX is quietly building an AI compute business that may become key to its eye-popping valuation
Deals with Google and Anthropic to rent out computing capacity could generate $26 billion a year.
So you want to buy a sports franchise? Why entering sports ownership gives the rich a ‘very elite and exclusive club’ with great tax benefits
Increasingly, the founders and heads of companies like Home Depot, Walmart and LVMH are entering the sports world. There's a good reason for that.
Off Season began with viral NFL jackets. Now Kristin Juszczyk is building a company designed to outlast any one sports season
Her brand, Off Season, is growing beyond football as she builds a fashion business around sports fandom.
‘We shouldn’t be playing the game’: athletes sound off as smoke chokes U.S. sports
Heavy, pungent wildfire smoke darkened skies in the U.S. from the Great Lakes to parts of the East Coast.
Can a state be ‘best for business’ while restricting abortion?
Business advocates say reproductive rights are a workforce issue, arguing that state rankings fail to capture how abortion restrictions affect employees.
The $124 trillion Great Wealth Transfer is more than just cash: More U.S. businesses are now being inherited than bought, BofA finds
A greater share of companies passed down to family members could be a sign of greater wealth concentration and the power of private markets.
Americans hate AI so much that politicians are starting to lose their jobs over it
Only 26% of Americans view AI positively, and Utah's ouster of Senate leader Stuart Adams over a data center deal suggests the anger is now costing jobs.
Exclusive: Corner Health raises $25 million to turn nurse practitioners into entrepreneurs
Women dominate NP roles—and can double their salaries in 27 states where they're permitted to practice independently.
Columbia Business School professors: What the Balogun red card can teach us about AI and judgment
VAR, or video assistant referee, has a lot to teach us about what "human in the loop" actually means in practice.
Other diet fads championed by MAHA are questionable. But some science and thousands of years of human history are behind fermented foods
“What is it that makes the fermented foods so healthy? The answer is we're still working on it.”
Billionaires warned New York would scare off business. Anthropic and Airbnb just made their biggest bets on the city yet
Not only are they expanding their footprint, they’re also doubling headcount. Anthropic said it plans to have more than 1,000 employees by end of year.
‘Sony essentially destroys its own defense’: How its disc-free PS5 plan triggered a $457M lawsuit and undercut its antitrust defense
Sony’s move enraged thousands of gamers and brought on a lawsuit with the backdrop of rival Xbox’s restructuring amid video game industry challenges.
Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
MacKenzie Scott, worth $35.8 billion, just donated a record-breaking gift to the U.S. nonprofit Active Minds to support a “new era of mental health.”
750 million fans and 2.7 million data points: How IBM’s AI powers Wimbledon from hidden ‘Court 19’
The tennis tournament has become a proving ground for IBM’s tech and is helping business executives overcome their AI fears.
Billionaire John Arnold has already donated nearly half his wealth. Now he’s funding a hunt for the health risks of sports betting.
The foundation John Arnold runs with his wife, Laura, is funding 12 university studies on how online sports betting affects users' finances, mental health, and family life.
‘Marie Antoinette would feel very comfortable’: How U.S. airlines built their business around big spenders
Delta, United and American are pouring billions into first-class lounges, caviar service and lie-flat seats as premium cabins become their most profitable real estate—while economy travelers face rising fares and add-on fees.
Game over for 20% of Xbox staff as Microsoft hits reset: We ‘didn’t focus on the core business,’ CEO says. ‘We simply spread ourselves too thin.’
Everything you need to know before you reach the office this morning.
Trump’s request for a review of Folarin Balogun’s red card has become a global test of FIFA’s political neutrality
The U.S. striker’s red-card ban was suspended after President Trump personally asked FIFA president Gianni Infantino for a review.