"We're in a world where markets and investors are increasingly uncertain about where their money is safe," said Julia Coronado of MarcoPolicy Perspectives.
The private credit market has grown fivefold since the 2008 financial crisis, according to the Federal Reserve, and now sits somewhere near the $2 trillion-mark globally. In the last couple weeks, though, the market has gone a bit sideways.
A major fight is brewing over whether the right to control prediction market platforms like Kalshi and Polymarket lies with the states or the federal government.