KUALA LUMPUR, Sept 4 (Bernama) -- Bursa Malaysia ended lower on the final trading day of the week, weighed down by the plantation sector as investors locked in gains following its recent strong performance. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 7.03 points 1,708.10, compared with yesterday’s close of 1,715.13. The benchmark index opened 1.39 points lower at 1,713.74 and fluctuated between 1,704.86 and 1,715.20 throughout the day. The broader market was negative with losers outnumbering gainers 568 to 523, while 596 counters were unchanged, 1,085 untraded and 19 suspended. Turnover expanded to 4.33 billion units valued at RM2.98 billion from 3.90 billion units valued at RM3.21 billion on Thursday.
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 ...