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Sebi for celebrity brand endorsements for MFs

MUMBAI: Markets regulator Sebi is proposing a common advertisement code for all its regulated entities. Under the new code, even individual mutual funds will be allowed celebrity endorsement at the brand level, an option not allowed currently. At present AMFI as the industry trade body could use such endorsements for the MF industry as a...
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CFTC sues Kentucky over actions against prediction markets

Signage is seen outside of the Commodity Futures Trading Commission headquarters in Washington, Aug. 30, 2020. Andrew Kelly | Reuters The Commodity Futures Trading Commission said Tuesday that it’s filing suit against Kentucky. The action comes after the state sued prediction market platforms Kalshi and Polymarket, asserting the companies were operating illegal gambling platforms.  Kentucky...
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Square Yards turns unicorn with 900 crore fundraise

BENGALURU: IPO-bound real estate and mortgage platform Square Yards has raised Rs 900 crore through a mix of debt and equity, catapulting it into the unicorn club as it gears up for a public listing. The funding round was anchored by real estate investment firm EAAA Alternatives, with participation from global corporate credit manager Muzinich...
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