Congress faces heated debate over sports prediction markets federal gambling regulatory authority Suswati Basu News Editor Congress is set to hear sharply conflicting testimony Tuesday (July 21) over who should regulate sports prediction markets and whether Congress should step in to redefine them as gambling instead of federally regulated financial products. The committee is … Continue reading Congress faces heated debate over sports prediction markets federal gambling regulatory authority
July 25, 2026 3 big new changes to federal student loans and what they mean for you BY Emily Guy Birken Federal student loan terms can change from one academic year to the next. For instance, every spring, the Treasury Department determines the fixed interest rate for federal student loans for the upcoming award year, which … Continue reading 3 big new changes to federal student loans and what they mean for you
Illinois fights federal injunction bid over prediction markets gambling enforcement dispute Suswati Basu Illinois is asking a federal judge to reject requests that would temporarily block the state from enforcing its gambling laws against sports and election prediction markets, arguing the products are ordinary wagers instead of federally regulated financial instruments. In a … Continue reading Illinois fights federal injunction bid over prediction markets gambling enforcement dispute
Days after announcing mass layoffs, Xbox CEO Asha Sharma tapped to advise the Federal Reserve on jobs That’s a choice. By Anna Washenko July 9, 2026 Pabradyphoto/Getty Images The US Federal Reserve has announced the industry leaders who will head up its various task forces guiding monetary policies. The country’s central bank has made some … Continue reading Days after announcing mass layoffs, Xbox CEO Asha Sharma tapped to advise the Federal Reserve on jobs
Federal agencies join Kalshi lawsuit challenging Rhode Island prediction market enforcement authority Suswati Basu The federal government has stepped into Kalshi’s legal fight with Rhode Island, arguing the state cannot use its gambling laws to restrict federally regulated prediction market contracts. The move widens the dispute over who controls event-based financial products tied … Continue reading Federal agencies join Kalshi lawsuit challenging Rhode Island prediction market enforcement authority
Federal agencies seek injunction against Rhode Island event contract restrictions Suswati Basu The United States and the Commodity Futures Trading Commission (CFTC) have asked a federal judge to block Rhode Island from enforcing state law against federally regulated event contracts, deepening a growing legal battle over the regulation of prediction markets. In a … Continue reading Federal agencies seek injunction against Rhode Island event contract restrictions
Bipartisan bill seeks federal gambling disorder study as betting spreads across the US Suswati Basu A bipartisan group of lawmakers wants the federal government to take a much closer look at gambling addiction as online sports betting continues to spread across the United States. Reps. Dan Goldman of New York and Blake Moore … Continue reading Bipartisan bill seeks federal gambling disorder study as betting spreads across the US
Connecticut tribes seek to join federal lawsuit over controversial sports prediction markets Suswati Basu Connecticut’s two federally recognized tribes are asking a federal judge to let them join the government’s legal fight over sports prediction markets, arguing the outcome could reshape gambling oversight and threaten a major stream of tribal income. The Mohegan … Continue reading Connecticut tribes seek to join federal lawsuit over controversial sports prediction markets
Inspectors uncovered widespread sports gambling materials displayed throughout Pennsylvania federal penitentiary Suswati Basu Inspectors found gambling materials and a makeshift betting table inside USP Canaan housing units. Credit: OIG, June 2025 (Monitor Screen and Brand Logo Obscured) Federal inspectors say sports gambling materials were sitting out in the open across several housing … Continue reading Inspectors uncovered widespread sports gambling materials displayed throughout Pennsylvania federal penitentiary
Federal casino fraud indictment targets Sacramento man over fake cannabis investment Suswati Basu Federal prosecutors say a Sacramento man collected more than $ 500,000 through a bogus cannabis investment operation that targeted people he met while socializing at casinos, bars and restaurants across California. A federal grand jury indicted 49-year-old Keinyatey Deboros Chambers … Continue reading Federal casino fraud indictment targets Sacramento man over fake cannabis investment
