People are using prediction markets to make decisions on equity investing, says Apex's Bill Capuzzi

Summary

Bill Capuzzi, CEO of Apex Fintech Solutions, joins Fast Money to discuss retail investor trends. He highlights the rapid growth of prediction markets, their correlation with speculative equity trading, and how investors are using prediction-market information for equity decisions. Capuzzi also covers the new overnight equities session, heavy Chevron trading after Venezuela news, and the shift in retail options activity toward hedging and yield generation.

• Apex Fintech Solutions CEO Bill Capuzzi discusses 2025 retail investor behavior and emerging trends.
• Prediction markets have grown from roughly $100 million per month in 2024 to $13 billion notional in December.
• Capuzzi says prediction-market speculation is correlated with equity speculation and that investors use prediction-market information for equity decisions.
• Market makers and liquidity providers are already active in prediction markets, though venues operate separate liquidity pools.
• A new overnight equity trading session runs Sunday night 8 p.m. to 4 a.m., with Chevron seeing heavy activity after Venezuela news.
• Retail options activity has shifted from 2021-style speculation toward portfolio hedging and yield-premium strategies.
• Apex cleared about one billion options contracts in 2025, with 40% zero-DTE, a lower share than four years earlier.