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Can the U.K. Still Save Its Oil and Gas Industry?
oilprice48d ago

Can the U.K. Still Save Its Oil and Gas Industry?

When the UK’s government slapped a 25% windfall tax on oil and gas producers in 2022, the industry warned this could be the death knell for local oil and gas production. Four years later, the UK’s oil and gas industry is being described as “irrelevant”. The UK’s oil and gas production has slumped from some 4.4 million barrels of oil equivalent daily 25 years ago to some 1 million barrels of oil equivalent daily to date. This is seen dropping to as little as 150,000 barrels by 2050. In fact, it may drop even more sharply...

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Prediction Markets Chip Away at Sports Betting’s Territory
pymnts48d ago

Prediction Markets Chip Away at Sports Betting’s Territory

Sports-related bets on Kalshi are now generating estimated annualized revenues of roughly $1.3 billion. As the Financial Times (FT) reported Saturday (Feb. 14), that figure is nearly a quarter of the total sportsbook revenue for betting giant DraftKings and spotlights the increasing threat that prediction markets like Kalshi present to the $14 billion U.S. [...]The post Prediction Markets Chip Away at Sports Betting’s Territory appeared first on PYMNTS.com.

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