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Hedge funds have generated enormous profits this year by betting against publicly traded gambling companies, as a wave of declining share prices across the online betting sector delivered billions in gains to short sellers. Hedge funds have earned at least $2.3bn in 2025 through short positions targeting major online gambling operators. The profits came as several of the industry’s largest listed companies suffered steep market declines amid increasing regulatory pressure,

Oil prices climbed sharply while global stock markets declined after U.S. President Donald Trump delivered a primetime address from the White House on Wednesday, outlining a more aggressive stance in the ongoing Iran conflict. In his speech, Trump warned that the United States would strike Iran “extremely hard” within the next two to three weeks. He also urged countries dependent on Middle Eastern oil to take responsibility for maintaining access through the Strait of Hormu