Bernstein Sees Prediction Markets Go Institutional After First Block Trade

Prediction markets are evolving from retail speculation platforms into institutional-grade financial instruments, driven by demand for precise macro hedging and clearly defined binary outcomes, according to a May 4 report by Bernstein. The report highlights why institutional investors may find these markets attractive — namely, they allow users to hedge specific event risks, such as…

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‘Bloody Tennis’ Director on What His Horror Film Says About Society

At the Cannes Market, sales agency The Playmaker will be showing a teaser for Nikias Chryssos’ horror film “Bloody Tennis.” Variety spoke to the German director about his debut English-language movie, which stars Sandra Guldberg Kampp (“Foundation”), seen in the first-look image from the film, above, and Golden Globe nominee Helena Zengel (“News of the…

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