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Bloomberg43d agobearish
New York City Probes Prediction Markets Over Ads, Social Harms

(Bloomberg) -- The New York City Council is probing the advertising practices of four major prediction market platforms, creating a new front in the legal battles facing the booming industry. Most Read from BloombergPhoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn’t DriveFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AITata Sons Chairman to Step Down, Deepening Leadership TurmoilPakistan Says Deal Is Close Even as Iran, US Harden StancesTrump Weighs Call for Capital Ga

Gemini Space Station (GEMI) Is Up 11.6% After Winklevoss Funding Amid IPO Lawsuits and Pivot
Simply Wall St.130d agobearish
Gemini Space Station (GEMI) Is Up 11.6% After Winklevoss Funding Amid IPO Lawsuits and Pivot

Earlier this week, Gemini Space Station, Inc. reported first-quarter 2026 revenue of US$50.27 million, a net loss of US$108.98 million, and secured a US$100 million investment from Winklevoss Capital Fund amid multiple securities class action lawsuits over its IPO disclosures and business pivot. The combination of stronger sales, fresh founder-backed funding, and litigation over Gemini’s shift from its core crypto exchange toward prediction markets highlights a company undergoing significant...