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Polymarket’s $345 million Iran peace bet is stuck because nobody can agree on what “permanent” means
Polymarket, the largest prediction market exchange, has more than $345 million in trading volume stuck in limbo over a question of semantics. Traders bet on whether the United States and Iran would si [...]
Nevada sues Kalshi for operating a sports gambling market without a license
Nevada is taking action against the rapidly growing Wild West of prediction markets. The state's gambling regulators and attorney general sued Kalshi on Tuesday. They accuse the company of bypass [...]
Asian tech stocks surged after the Iran-US deal, and AI chipmakers gained the most
Asian technology stocks surged on Monday after the United States and Iran announced a peace agreement, with AI and semiconductor companies posting the largest gains. SoftBank rose 10 per cent, SK Hyni [...]
CFTC sues three states for trying to regulate prediction markets
The US Commodity Futures Trading Commission is suing Illinois, Arizona and Connecticut for attempting to outlaw or regulate prediction markets like Kalshi and Polymarket. The CFTC believes it has sole [...]
Europe’s EV sales are surging as the Iran war sends petrol prices through the roof
War has a way of rewriting consumer habits overnight. Since US and Israeli airstrikes hit Iran at the end of February, crude oil has soared past $100 a barrel for the first time since Russia’s 2022 [...]
EU tells Apple it has "no intention" of repealing the Digital Markets Act
The European Union has summarily rejected calls from Apple to repeal and replace its Digital Markets Act (DMA), the law that governs much about how giant tech companies must operate within the 27-nati [...]
US judge rules Huawei must answer criminal charges about alleged Iran deal
A US judge has ruled that Huawei must stand trial following a 16-count indictment from 2019 accusing the Chinese telecommunications company of trying to steal trade secrets from its US rivals and sell [...]