The biggest horse race in the country, the Kentucky Derby, takes place Saturday in Louisville. If you’re looking to make a wager on Kalshi, Polymarket or another prediction platform around the event — you’re out of luck.
There are no Kentucky Derby event contracts offered on the major prediction platforms, which host contracts on everything from sports outcomes to geopolitical events to reality TV show moments, but not horse racing.
Bill Carstanjen, CEO of Churchill Downs, which owns the Kentucky Derby and the racetrack where it’s held, told CNBC it’s unlikely that horse racing will ever show up on prediction markets because the race track owners don’t want it.
“You need to actually go to us, those who own the race tracks, to cut a deal,” Carstanjen said in an interview this week. “And from our perspective, that’s not something we’re interested in doing.”
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Horse racing has long been something of its own little fiefdom. Betting on the races, America’s original form of sports betting dating back to the colonial era, enjoyed special status even before the Supreme Court in 2018 struck down a law that prevented states other than Nevada from offering sports betting.
By law, under the Interstate Horseracing Act of 1978, offering wagers on horses requires explicit permission from the host race track, the horsemen’s group made up of owners and trainers and the state racing commission where the race is held.
That’s left the burgeoning prediction markets industry on the outs.
“Prediction markets are not something that that would be good for horse racing, or the economic paradigm under which our industry works, which involves funding purses for the winners of the horse race,” Carstanjen said.
Kalshi declined to comment on the absence of horseracing on its platform. Polymarket didn’t respond to a request for comment. And representatives for the Commodity Futures Trading Commission, which regulates event contracts, likewise didn’t respond to a request for comment.
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The tension raises an interesting question of when — and in what context — permission is needed for prediction market platforms to offer contracts on a given event.
U.S. states have argued companies like Kalshi and Polymarket need their permission (via a license) to offer wagers on sports. Prediction platforms have maintained they don’t need licenses because their platforms offer investing and trading activity, not gambling, and because they’re regulated by the CFTC.
The CFTC has filed multiple lawsuits against states seeking to prevent them from taking action against prediction platforms.
Kentucky, for its part, has taken a tough stance on predictions. Lawmakers in the state have proposed legislation that would ban any of its gambling licensees from offering predictions. It’s also proposed a 17.5% tax on prediction market fees.
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Meanwhile, there’s still old-fashioned gambling set for Saturday’s Derby. Churchill Downs said it’s seeing increased betting during Derby Week leading up to the big race.
Caesars, too, said the amount of money wagered on the Kentucky Derby is pacing ahead of expectations.
— CNBC’s Jessica Golden contributed to this report.
Disclosure: Kalshi and CNBC have a commercial relationship which includes a minority investment.
MIAMI GARDENS, Fla. — Formula One returns to American soil this weekend for the Crypto.com Miami Grand Prix, the fourth round of the 2026 season and the first sprint weekend of the year. Fans around the world are eager to tune in as drivers battle at the Miami International Autodrome from May 1-3, with the main race scheduled for Sunday at 4 p.m. ET.
Red Bull Racing RB18 car at the 2022 Miami Grand Prix.
This year’s Miami event features a compressed sprint format that delivers high-stakes action across three days. Free Practice 1 kicks off Friday at noon ET, followed by Sprint Shootout later that afternoon. Saturday brings the Sprint race and qualifying for the Grand Prix, culminating in Sunday’s 57-lap main event under Florida sunshine. The unique layout, blending high-speed straights with tight corners around Hard Rock Stadium, promises exciting overtakes and strategic battles.
In the United States, Apple TV serves as the exclusive home for Formula One broadcasts under a multi-year deal. Viewers with an Apple TV+ subscription can stream every session live, including practice, qualifying, sprints and the race, often with F1 TV integration providing enhanced access. F1 TV Pro offers additional features such as onboard cameras for all 22 drivers, team radio audio, and commercial-free coverage in multiple languages. The service streams seamlessly on Apple TV devices, Chromecast, Roku, Amazon Fire TV, Android TV and more.
For those without Apple TV, F1 TV Premium provides a direct subscription option with comprehensive live coverage and on-demand replays. International viewers have varied options: Sky Sports in the UK broadcasts all sessions on Sky Sports F1 and Main Event, while other regions rely on local rights holders or F1 TV. Yahoo Sports and other sports hubs may offer highlights or supplemental streams for select sessions.
The 2026 season has already delivered drama, with tight championship standings heading into Miami. Max Verstappen and Red Bull seek to maintain early momentum, while challengers from McLaren, Ferrari, Mercedes and emerging teams like Cadillac and Audi push for podiums. Sprint weekends compress the schedule, heightening pressure on drivers and strategists as tire management, qualifying pace and racecraft take center stage.
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Miami’s appeal extends beyond the track. The event transforms the area into a glamour hub with celebrity sightings, concerts and fan zones. The circuit’s mix of temporary and permanent sections creates a unique challenge — long straights for top speeds near 210 mph and technical sections rewarding precision. Past races here have featured memorable moments, from overtakes under the stadium lights to safety car deployments that reshuffled the order.
Weather forecasts for the weekend call for warm conditions with a chance of isolated showers, typical for South Florida in early May. Teams will monitor track evolution closely, as rubber buildup changes grip levels throughout the weekend. Pirelli brings its softest tire compounds, favoring aggressive strategies in the sprint and Grand Prix.
Broadcast details emphasize accessibility. Apple TV subscribers can watch on smart TVs, mobile devices, tablets or computers via the app. F1 TV Pro subscribers gain multi-screen viewing, data overlays and historical archives. For international fans, check local listings — many European broadcasters air live on traditional TV alongside streaming. Free highlights packages are often available post-session on official F1 channels and partner sites.
The sprint format alters preparation. Teams have limited practice time — just one 90-minute session Friday before Sprint Shootout. This rewards adaptability and simulation work done in factories beforehand. Drivers like Lando Norris, Charles Leclerc and Lewis Hamilton, with strong Miami histories, could capitalize, while rookies and midfield battlers fight for crucial points.
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Fan engagement has surged with F1’s streaming shift. Interactive features on F1 TV allow viewers to switch camera angles, listen to engineering chatter and follow live timing data. Apple TV integrates smoothly with existing subscriptions, making it easier for casual fans to join without additional hardware. Pre-race shows, post-race analysis and driver interviews provide context for those new to the sport.
Ticket sales for the Miami Grand Prix indicate strong demand, with grandstands and hospitality packages selling briskly. For those unable to attend, home viewing offers near-trackside immersion through high-definition broadcasts and expert commentary from former drivers and journalists. Networks emphasize storytelling, highlighting rivalries, technical innovations and human elements behind the machines.
Historically, Miami has produced unpredictable results due to its layout and variable conditions. Strategic calls on pit stops and tire choices often prove decisive in both sprint and feature races. As the championship tightens, every point counts, adding pressure in this early-season sprint.
Preparation tips for viewers include downloading apps in advance, ensuring stable internet for streaming, and checking local time conversions for global audiences. Many will wake early or stay up late depending on location — European fans face evening broadcasts, while Asia-Pacific viewers tune in during morning hours.
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The Miami Grand Prix also spotlights Formula One’s growth in the U.S. market. Increased visibility through streaming platforms, Netflix’s “Drive to Survive” influence and celebrity involvement have broadened appeal. This weekend’s event continues that trend, blending elite motorsport with South Florida’s vibrant culture.
Teams arrive with updated packages after early-season testing and races. Aerodynamic tweaks, engine reliability and driver fitness will be under scrutiny. Injuries or mechanical gremlins could shuffle the grid, while weather variables add another layer of strategy.
For cord-cutters, Apple TV and F1 TV eliminate traditional cable barriers. Bundles or trials may be available, with customer service ready to assist setup. Highlights and condensed replays ensure no one misses key moments even with busy schedules.
As engines fire up in Miami, the racing world converges on South Florida. Whether cheering from home, a sports bar or trackside, fans can immerse in one of the calendar’s most anticipated weekends. The combination of sprint excitement and full Grand Prix drama guarantees thrilling viewing wherever you tune in.
AutoNation, Inc. (AN) Q1 2026 Earnings Call May 1, 2026 9:00 AM EDT
Company Participants
Derek Fiebig – Vice President of Investor Relations Michael Manley – CEO & Director Thomas Szlosek – Executive VP & CFO
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Conference Call Participants
Rajat Gupta – JPMorgan Chase & Co, Research Division Michael Ward – Citigroup Inc., Research Division Alexander Perry – BofA Securities, Research Division Jeffrey Lick – Stephens Inc., Research Division John Saager – Evercore ISI Institutional Equities, Research Division John Babcock – Barclays Bank PLC, Research Division David Whiston – Morningstar Inc., Research Division
Presentation
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Operator
Hello, and welcome to the AutoNation Inc. First Quarter 2026 Earnings Call. My name is Rob, and I’ll be your operator today. [Operator Instructions].
I will now hand the conference over to Derek Fiebig, VP of Investor Relations. Please go ahead.
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Derek Fiebig Vice President of Investor Relations
Thanks, Rob. And good morning, everyone. Welcome to AutoNation’s First Quarter 2026 Conference Call. Leading our call today will be Mike Manley, our Chief Executive Officer; and Tom Szlosek, our Chief Financial Officer. Following their remarks, we’ll open up the call to questions.
Before beginning, I’d like to remind you that certain statements and information on this call, including any statements regarding our anticipated financial results and objectives constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks that may cause our actual results or performance to differ materially from such forward-looking statements.
Additional discussions of factors that could cause our actual results to differ materially are contained in our press release issued today and in our filings with the SEC. Certain non-GAAP financial measures as defined under SEC rules will be discussed on this call. Reconciliations are provided in our materials and our website located at investors.autonation.com.
[Interpreted] Ladies and gentlemen, good day. My name is Pierre Beaudoin, and I am the Chair of the Board and very pleased to be in this position. On behalf of the Board, welcome to Bombardier’s 2026 Annual Meeting of Shareholders. As you know, innovation has been part of Bombardier’s DNA since the beginning and continues to guide our decisions, our governance and our long-term vision in everything that we do.
Last December, we celebrated the official commissioning of the Global 8000 with our employees and customers. This is an important milestone for the company, given that Global 8000 embodies in many ways, the definition of innovation. As the world’s fastest business jet, It illustrates the excellence to — of our know-how and continues to increase Canada’s reputation internationally.
I can tell you that Bombardier is in an excellent position today. Choices made over the recent years, diversification amongst other things in our revenues, all these things have been bearing fruit. Our service and defense activities are growing steadily and now play a major role in Bombardier’s overall performance.
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Our teams and steering committees are solid, committed and well aligned to pursue our trajectory with rigor and determination. This meeting will be held primarily in French, but allow me to say a few words in English.
Ladies and gentlemen, good morning. My name is Pierre Beaudoin, and I am the Chair of the Board of Directors of Bombardier. I am pleased to welcome you to our 2026 Annual Meeting of Shareholders. While our meeting will be held mainly in French, a simultaneous translation is available on the
The S&P 500 and the Nasdaq advanced to record closing highs on Friday, boosted by robust earnings and a dip in crude prices, and turning the page on their biggest monthly percentage gains in years.
The S&P 500 joined the Nasdaq in positive territory, with tech strength putting the latter out front. Both indexes logged their sixth consecutive weekly advances, their longest run of weekly gains since October 2024.
As May begins, the stock market embarks on what is historically a weak six-month stretch. Since 1945 through April 2026, the S&P 500 has gained an average of about 2% from May to October, according to data from Fidelity. That compares with an average gain of about 7% from November through April.
Wrapping up a momentous week for corporate earnings, in which reporting companies accounted for more than two-fifths of the S&P 500’s total market capitalization, analysts now see aggregate first-quarter earnings growth of 27.8%, year-on-year, according to LSEG I/B/E/S.
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Five of the companies in the Magnificent Seven group of artificial intelligence-related stocks reported this week, and investors paid close attention to the timing and extent to which huge investments in the nascent technology are starting to pay off.
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That’s an 11.7 percentage point increase from where the estimate stood a week ago, and marks the biggest earnings growth since the fourth quarter of 2021. Of the 314 companies that have posted results, 83% have beaten earnings estimates, and 78% reported better-than-expected revenues, according to LSEG. “Today’s action is really the cherry on top of another solid week for investors as earnings season continues to come in stronger than expected,” said Ryan Detrick, chief market strategist at Carson Group in Omaha. “At the same time, we had the second-best April for the S&P 500 since 1950.”
“It looks like that upward momentum very well could continue in May,” Detrick added.
GEOPOLITICS, CRUDE PRICES AND THE ECONOMY
Progress toward a peaceful resolution to the U.S.-Israeli war on Iran appeared stalled, with the closure of the Strait of Hormuz putting upward pressure on energy prices and stoking inflation worries.
But front-month crude futures eased after Iran was reported to have submitted a fresh proposal for negotiations with Washington.
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“Investors are pricing out how long they expect that supply disruption to last, and then differentiating who’s got the most sensitivity to that disruption,” said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management in Minneapolis.
Economic data showed U.S. factory activity expanded in April for the fourth consecutive month, but the prices-paid component – an inflation predictor – jumped to its hottest level in four years, according to the Institute for Supply Management.
According to preliminary data, the S&P 500 gained 20.46 points, or 0.28%, to end at 7,229.47 points, while the Nasdaq Composite gained 217.67 points, or 0.87%, to 25,109.98. The Dow Jones Industrial Average fell 155.67 points, or 0.31%, to 49,496.47.
Apple shares advanced after the company provided a solid sales forecast, touting strong demand for its flagship iPhone 17 and the MacBook Neo.
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Atlassian shares surged after the enterprise software firm hiked its forecast.
Peers Salesforce and ServiceNow also gained ground.
Roblox slid following a cut in its annual bookings forecast. Reddit jumped after an upbeat quarterly revenue forecast.
Exxon Mobil’s quarterly profit was hit by Middle East disruptions, while Chevron beat earnings expectations but overall profit marked its lowest level in five years. Both supermajors closed lower.
China’s three largest airlines returned to profit in the first quarter, but the recovery may prove short-lived as higher fuel costs due to the Middle East war cloud the outlook and threaten bottom lines.
The Chinese aviation sector delivered a strong start to 2026 even as the outbreak of the Iran war in late February disrupted air travel and heightened macroeconomic uncertainty.
President Donald Trump said he would increase tariffs charged to the European Union for cars and trucks to 25%, without saying what authority he would use to raise the levies.
“Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States,” he wrote on Truth Social on Friday. “The Tariff will be increased to 25%. It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF.”
The Supreme Court ruled in February that a large part of Trump’s tariff agenda was illegal. The president’s “reciprocal” tariffs were invoked using a novel reading of the International Emergency Economic Powers Act, or IEEPA, but the high court said in a 6-3 majority that the law that undergirds those import duties “does not authorize the President to impose tariffs.”
Shortly after the Supreme Court ruling, Trump said he signed an executive order imposing a new 10% “global tariff” rate to effectively replace the IEEPA duties, though those tariffs came with a 150-day time limit under Section 122 of the Trade Act of 1974. He then said he would increase the global rate to 15%.
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The EU in February had warned that its trade deal with the U.S. could be in jeopardy after the new tariff rate was announced and postponed its planned vote on the agreement.
The European Union said it is following standard legislative practice and keeping the U.S. administration up to date.
“We maintain close contact with our counterparts, including as we also seek clarity on US commitments,” a a European Commission spokesperson said. “We remain fully committed to a predictable, mutually beneficial transatlantic relationship. Should the US take measures inconsistent with the Joint Statement, we will keep our options open to protect EU interests.”
A White House official said in a statement Friday that the EU has “failed to make substantial progress on their agreed-upon commitments” under a trade agreement between the countries.
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“The White House has always been clear that the President reserves the right to adjust tariff rates if our trade deal partners fail to abide by their commitments,” the official said.
The Trump administration last year broadly implemented 25% tariffs on vehicles and certain auto parts imported into the U.S., citing national security risks under Section 232. Those levies are still in place.
The European automakers that could most be impacted by a change in tariff rate would be Mercedes, BMW and Volkswagen, which import a large percentage of the vehicles they sell in the U.S. from their plants in Europe.
Proto Labs, Inc. (PRLB) Q1 2026 Earnings Call May 1, 2026 8:30 AM EDT
Company Participants
Ryan Johnsrud – Manager of IR, Corporate Development and FP&A Suresh Krishna – President, CEO & Director Dan Schumacher – CFO and Principal Financial & Accounting Officer
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Conference Call Participants
Greg Palm – Craig-Hallum Capital Group LLC, Research Division Brian Drab – William Blair & Company L.L.C., Research Division Troy Jensen – Cantor Fitzgerald & Co., Research Division James Ricchiuti – Needham & Company, LLC, Research Division
Presentation
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Operator
Greetings, and welcome to the Proto Labs First Quarter 2026 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Ryan Johnsrud, Investor Relations. Thank you. You may begin.
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Ryan Johnsrud Manager of IR, Corporate Development and FP&A
Thank you. Good morning, everyone, and welcome to Proto Labs’ First Quarter 2026 Earnings Conference Call. I’m joined today by Suresh Krishna, President and Chief Executive Officer; and Dan Schumacher, Chief Financial Officer. This morning, Proto Labs issued a press release announcing its financial results for the first quarter ended March 31, 2026. The release is available on the company’s website. In addition, a prepared slide presentation is available online at the web address provided in our press release.
Our discussion today will include statements relating to future performance and expectations that are or may be considered forward-looking statements and subject to many risks and uncertainties that could cause actual results to differ materially from expectations. Please refer to our earnings press release and recent SEC filings, including our annual report on Form 10-K for information on certain risks that could cause actual outcomes to differ materially and adversely from any forward-looking statements made today.
The results and guidance we will discuss today include non-GAAP financial measures consistent with
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