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 24, 2026 Why 25 states are fighting Trump over $740 million in emergency funding BY Taylor Hatmaker A coalition of governors and attorneys general is suing the Trump administration, arguing that the federal government wants to strong-arm Democratic states into complying with some of its most controversial policy changes yet. The lawsuit, filed in a … Continue reading Why 25 states are fighting Trump over $740 million in emergency funding
Washington judge clears path for injunction against Kalshi over prediction markets Suswati Basu A Washington judge has ruled that prediction market operator Kalshi likely violated the state’s gambling and consumer protection laws, paving the way for a preliminary injunction that could require the company to stop offering its event-based contracts to Washington residents … Continue reading Washington judge clears path for injunction against Kalshi over prediction markets
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
Critics challenge Kalshi rebuttal over retail trading loss classifications and transparency Suswati Basu Kalshi’s attempt to counter a Roosevelt Institute analysis of retail trading losses has triggered a wider public dispute, drawing criticism from gambling industry figures and prediction market observers. What began as a disagreement over research methods has changed into questions … Continue reading Critics challenge Kalshi rebuttal over retail trading loss classifications and transparency
July 08, 2026 Oil prices surge over 5% as Trump says ceasefire with Iran is ‘over’ BY Associated Press U.S. stock futures slid lower and oil prices surged more than 5% after President Donald Trump said Wednesday that the interim agreement with Iran is over, though he will allow talks to continue. Futures for the S&P … Continue reading Oil prices surge over 5% as Trump says ceasefire with Iran is ‘over’
Michigan Gaming Board ends National Council partnership over Kalshi responsible gambling dispute Suswati Basu The Michigan Gaming Control Board is cutting ties with the National Council on Problem Gambling after the organization announced a membership and investment partnership with prediction market operator Kalshi. In a July 1 letter to NCPG Executive Director Heather … Continue reading Michigan Gaming Board ends National Council partnership over Kalshi responsible gambling dispute
CFTC sues Kentucky over prediction markets amid regulatory battle Suswati Basu The Commodity Futures Trading Commission (CFTC) has taken Kentucky to federal court, accusing the state of overstepping its authority in a growing dispute over prediction markets and event-based contracts. A lawsuit filed June 23 in the U.S. District Court for the Eastern … Continue reading CFTC sues Kentucky over prediction markets amid regulatory battle
Cayuga Nation sues Caesars over reservation sports betting revenue claims Suswati Basu The Cayuga Nation has filed a federal lawsuit against Caesars Sportsbook, alleging the company accepted sports wagers from within the Nation’s reservation without authorization and in violation of federal gaming law. Court documents filed Tuesday (June 16) in the U.S. District … Continue reading Cayuga Nation sues Caesars over reservation sports betting revenue claims
June 15, 2026 Why talented women keep getting passed over for promotions—and 3 strategies to help BY Kelly Mooney Are you heads down, cranking out work, staying late, and hitting deadlines? Have you consistently brought major projects in under budget, but no one seems to notice? Are you devoted to your employer, yet aren’t being promoted, … Continue reading Why talented women keep getting passed over for promotions—and 3 strategies to help
