Why the New York Stock Exchange just crowned a Gen Z billionaire: Shayne Coplan figured out a society that gambles on everything

Former US Treasury Secretary Larry Summers has highlighted the potential of prediction markets as a more effective alternative to traditional polling in politics. By allowing individuals to stake money on their opinions, platforms like Kalshi and Polymarket can provide clearer insights into public expectations regarding elections and policy changes. This approach not only enhances the accuracy of forecasts but also promotes transparency in understanding collective beliefs, making it a significant development in political analysis.

This week, discussions revolve around America's expanding immigration detention system and who stands to gain from it. Additionally, as prediction markets like Polymarket and Kalshi gain traction, there's a debate on whether they can forecast outcomes more accurately than traditional polls. A recent tariff aimed at China is causing concerns for small businesses and increasing costs for consumers. Meanwhile, artificial intelligence is transforming education by assisting teachers with larger classes and heavier workloads, but it also raises questions about the evolving role of educators in a tech-driven world.

A mystery trader made headlines by placing successful bets on a Venezuelan opposition leader just hours before she was awarded the Nobel Peace Prize. This intriguing move not only highlights the unpredictable nature of betting markets but also underscores the significance of the award in bringing attention to political issues in Venezuela. Such foresight in trading can inspire others to pay closer attention to global events and their potential impacts.

Walmart has introduced a 'heavy-duty' gas grill with a side burner for an attractive price of $249. This grill stands out due to its versatility, allowing users to cook multiple dishes simultaneously. It's a great option for those looking to enhance their outdoor cooking experience without breaking the bank.

In a proactive move, the US military has announced plans to utilize research and development funds to ensure that troops continue to receive their paychecks in the event of a government shutdown. This decision highlights the military's commitment to its personnel and underscores the importance of maintaining morale and operational readiness, even in challenging fiscal circumstances.

The price of gold is on a remarkable upward trajectory, with predictions suggesting it could reach $10,000 per ounce within the next three years. This potential surge is significant as it reflects growing investor confidence and economic uncertainty, making gold a sought-after asset. Such a rise would not only impact investors but also influence global markets and economies, highlighting the precious metal's enduring value.

In a recent statement, Trump assured that US military personnel will continue to receive their paychecks despite the ongoing government shutdown. This announcement comes as Republicans face mounting pressure to ensure that service members are not financially impacted during this congressional standoff. It's a significant move that highlights the importance of supporting the military, especially in times of political uncertainty.

Marc Benioff, the tech leader from Silicon Valley, expressed support for President Trump's proposal to send troops to San Francisco, citing a lack of police presence in the city. This statement highlights ongoing concerns about public safety and law enforcement resources in urban areas, making it a significant topic for discussion among residents and policymakers.

This week, the stock market faced a downturn, with the S&P 500 dropping 2.4% amid renewed discussions on tariffs and concerns over rare earths. Despite some companies like Pepsi, Tilray, and Nvidia reporting positive earnings, these results weren't enough to counteract the bearish sentiment in the market. This situation highlights the ongoing volatility and uncertainty investors are grappling with, making it crucial to stay informed about market trends.