Market-Moving News for August 20th

Prediction Markets Explode as Billions Pour into a New Trading Frontier

Prediction markets are rapidly transitioning into mainstream finance with institutional participation accelerating growth. Kalshi and Polymarket achieved $50.6 billion in combined trading volume in July 2026, while Cantor Fitzgerald's entry into institutional trading removes barriers for hedge funds and professional investors. Prospect Prediction Markets secured CFTC registration as an introducing broker, enabling U.S. market access. Analysts project prediction markets could reach $1 trillion in annual trading volume by decade-end, establishing event contracts as a new asset class alongside stocks, options, and futures.

Benzinga Bulls and Bears: Ross, Moderna, Webull

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

Rosenblatt Maintains Buy on Webull, Raises Price Target to $15

Rosenblatt analyst Chris Brendler maintains Webull (NASDAQ:BULL) with a Buy and raises the price target from $13 to $15.

Webull shares are trading higher after the company reported better-than-expected Q2 financial results.

Singularity and AKD Development Inc. Enter Into Development Services Framework Agreement for Florence, South Carolina Data Center and Power Infrastructure Project

Singularity Future Technology Ltd (NASDAQ: SGLY) has entered into a Master Development Services Framework Agreement with AKD Development Inc. for potential development of a data center and power infrastructure in Florence, South Carolina. The agreement establishes a gated five-phase process with no obligation to proceed beyond initial feasibility work, with each phase requiring separate authorization through work orders.

Singularity Future Technology Enters Services Framework Agreement With AKD Development For Potential Development Of A Data Center, Substation And Power Infrastructure In Florence, South Carolina

The Framework Agreement establishes general terms and a phased process under which AKD may provide certain development services if and when authorized through individually executed work orders (each, a "Work