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Alex Ossola

👤 Speaker
6723 total appearances

Appearances Over Time

Podcast Appearances

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

And Salesforce expects revenue to grow in the current fiscal year at about the same rate as it did the year before, as investors worry about AI's threat to software.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

Revenue in its most recent quarter rose 12% to $11.2 billion, in line with analyst expectations.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

For more on these results, visit WSJ.com.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

Prediction market platform CalShe said today that it's fined two users for violating its rules.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

One person who ran for governor in California was fined more than $2,000, which includes the amount related to his trades and penalties, while another was asked to pay more than $20,000.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

CalShe said this was the first time it's publicly disclosed disciplinary actions against users and comes as the proliferation of prediction markets has raised concerns about users making trades using inside information and manipulating markets.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

For more, I'm joined now by Journal reporter Crystal Herr.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

Crystal, how did Kalshi catch these two users?

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

What rules did the users violate exactly?

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

And we should note that a spokesperson for the company that oversees Mr. Beast's business ventures said the firm prohibits its employees from making prediction market wagers using proprietary company information.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

And it declined to comment on whether the employee still works there.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

Crystal, as I mentioned, this is the first time that CalShe has publicly made it known that it's taken disciplinary action against users.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

Should we expect to see more of this?

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

That was Journal reporter Crystal Herr.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

Thanks, Crystal.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

And that's what's news for this Wednesday afternoon.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

Today's show is produced by Pierre Bien-Aimé with supervising producer Jana Herron.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

I'm Alex Osola for The Wall Street Journal.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

We'll be back with a new show tomorrow morning.

WSJ What’s News
Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

Thanks for listening.