Report Claims Gaming Industry Lobbying for Ban on Sports Event Contract Trading in Federal Cryptocurrency Regulation Bill
[ad_1] Semafor reports that a coalition including commercial and tribal gaming interests has sent a letter to Congress urging members to include sports trading restrictions A group including the American Gaming Association, the Indian Gaming Association, and labor unions is applying pressure to members of Congress to add language barring prediction markets from offering contracts […]
War With Iran May Spark Federal Reserve Intervention, Arthur Hayes Says
[ad_1] Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Iran and the Middle East are on fire again. US and Israeli forces launched a series of airstrikes on Iran over the weekend, killing Supreme Leader Ali Khamenei — a development that sent shockwaves through global markets and sparked fresh debate […]
Polymarket Files Federal Lawsuit Against Massachusetts, Questioning State’s Ability To Regulate Event Contracts
[ad_1] The crypto-based prediction market Polymarket is going to battle against the state of Massachusetts. Polymarket’s chief legal officer, Neal Kumar, says the firm has filed a federal lawsuit against the state, highlighting jurisdictional questions about event contracts. “Congress gave the CFTC, not states, exclusive authority over event contracts. These are national markets with critical […]
Bank Employee Fakes Customers’ Signatures, Withdraws Over $38,000 From Accounts: Federal Reserve
[ad_1] A US bank employee is being banned from working in the financial industry after he allegedly forged customer signatures to steal tens of thousands of dollars. According to the Board of Governors of The Federal Reserve System, Julio Gonzalez, a former employee of Synovus Bank, has been barred from the financial industry for misappropriating $38,000 […]
JPMorgan Chase Details Massive S&P 500 Price Target for 2026 – If Federal Reserve Follows Bank’s Base Case
[ad_1] Banking giant JPMorgan Chase says a key catalyst could send the S&P 500 skyrocketing in 2026. In a new interview with CNBC, the bank’s head of global market and strategy Dubravko Lakos says the S&P 500 could surge to 8,000 points if the Federal Reserve continues to loosen monetary policy. “We’re thinking of [8,000 […]