Chicago-based trading giant DRW has spent decades profiting from mismatches between different asset classes, and now it’s building a dedicated prediction market desk targeting platforms such as Polymarket and Kalshi.The move is one of the clearest signs yet that sophisticated “quantitative trading” firms — traders that use complex math and analysis to set up strategies — are increasingly viewing prediction markets as a legitimate trading venue rather than a niche betting product.The firm that has been a dominant force in derivatives, fixed income and crypto markets since 1992, recently posted a job listing requiring candidates to monitor prices in real…

U.S. aid to Israel is one of the most contentious foreign policy issues in America. The last three years of wars in the Middle East—culminating in the latest war with Iran—have soured a majority of Americans on the U.S.-Israeli relationship, polling shows. And the aid is up for debate soon, as President Barack Obama’s “memorandum of understanding” guaranteeing $3.8 billion per year for Israel expires in fiscal year 2028. Earlier this year, Axios reported that Israel was looking for a new memorandum of understanding that would last twice as long as the previous one but shift the money from direct…

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