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The $500 Million Tax Leak and Why State Budget Offices Are Starting to Notice

The American Gaming Association's State of the States 2026 report put a number on something state treasurers had suspected but could not quantify. Prediction market platforms diverted more than $500 million in potential sports betting tax revenue in 2025.¹ Kalshi and the platforms that followed it into the market collected that revenue from the same...

AI WealthTech Map: The Oasis Group’s Peaks Perspective on AI Wealth Technology

Access The Oasis Group's AI WealthTech Map, a resource that financial advisors and wealth management firms can use to find leading artificial intelligence solutions and AI-focused firms serving the wealth management industry. The map follows the lifecycle of a wealth management relationship and is organized into 8 categories, identifying and categorizing 106 leading technology firms.

How AI Is Rewriting the WealthTech Vendor’s Business Model

You signed a contract for an AI feature priced like software has always been priced: one fee, one number, adjusted once a year at renewal. That assumption is now wrong, and the vendor you signed with knows it before you do. Per-seat licensing worked because the marginal cost of one more login stayed close to zero....

Designing Loops with Claude Fable 5

Most loop failures are not loop-design failures. They are model-capability failures wearing a design problem's clothes. Your termination logic was sound, your goal was testable, your spine tracked state correctly, and the loop still drifted, because the model running inside it could not sustain coherent reasoning across the number of cycles the task required. Claude...

The Trading Strategy Tax: Why Your Investment Approach Now Has a Price Tag

The $5 block trade allocation fee looks manageable in isolation. Run the math across your full account base and it looks very different. Whether your firm runs a simple ETF model or a high-intensity tax-loss harvesting strategy, the economic impact of Schwab’s Block Desk fee depends on three variables working simultaneously: the number of client...