KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Prediction markets like Kalshi Inc and Polymarket are moving beyond sports and geopolitics — and into Wall Street territory. Their latest push? Allowing traders to place binary bets on where the S&P 500 Index will end the year. Key Takeaways Prediction markets now offer S&P 500 milestone contracts Retail traders can place simple $1 payout bets Volume growing, but still tiny vs traditional options market Regulatory oversight remains unclear Institutional liquidity providers are already involved How the Bet Works Unlike traditional options, these contracts are simple: Traders buy contracts that pay $1 if an event happens A contract priced at $0.04 = 4% probability If correct, payout is $1 per contract Example: 4-cent contract on S&P finishing 8,000–8,200 $2,190 bet could return nearly $44,000 In contrast, traditional options require: Understanding volatility Managing time decay Calculating spreads Navigating daily P&L swings ...