New Jersey has no right to ban Kalshi's prediction market, US appeals court rules

Kalshi can't be stopped in New Jersey. A 3rd US Circuit Court of Appeals panel ruled on Monday that New Jersey has no authority to regulate Kalshi's prediction market allowing people to bet [...]

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 [...]

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 [...]

New York Attorney General sues two prediction markets on illegal gambling allegations

New York is the latest state to take a stand against prediction markets. Attorney General Letitia James has sued Coinbase Financial Markets and Gemini Titan on charges that both are illegally running [...]

Senators again attempt to ban pre-teens from social media

Sens. Brian Schatz (D-Hawaii) and Ted Cruz (R-Texas) are re-introducing a bill that aims to ban social media platforms from knowingly letting kids aged under 13 from using them. The bipartisan Kids Of [...]

The Morning After: Apple’s foldable iPhone may be delayed

Apple has run into “more issues than expected” with its foldable iPhone, which may delay its release, according to the Japanese business newspaper Nikkei. Multiple sources report issues that appar [...]

Senators tell ByteDance to shut down Seedance 2.0 AI video app 'immediately'

After ByteDance suspended the global rollout of its new Seedance 2.0 AI video generator on the weekend, US senators have now told the company to "immediately shut down" the app. "Seedan [...]

Senators demand ICE cease use of facial recognition app

Senators Edward J. Markey, Ron Wyden and Jeff Merkley sent a letter Thursday to Acting US Immigration and Customs Enforcement (ICE) Director Todd Lyons urging the agency to stop using “Mobile Fortif [...]

Prediction Markets Let You Bet on Whether a Wildfire Will Burn Down Your Town

Wildfire survivors call fire-prediction markets “morally reprehensible” and worry they could increase the risk of arson. [...]