Blackstone spearheaded the sector’s gains, with shares climbing more than 5% as market sentiment shifted. This momentum follows reports that Airtrunk—a hyperscale data-center operator backed by Blackstone and the Canada Pension Plan—has begun engaging with select investors to prepare for a potential initial public offering in Singapore.

Elsewhere, the prediction-market firm Kalshi is tightening its internal oversight. The company intends to mandate that participants disclose their employers in specific markets, a move aimed at curbing concerns regarding the potential misuse of insider information by government officials and other influential users.