9th Circuit says sports bets aren't swaps, setting up Supreme Court clash
A federal appeals court just handed prediction markets a win, but a rival ruling means the Supreme Court will likely decide the fate of the $100 billion industry.

Loading the Newsroom
Curating from trusted global sources…
20 briefings · “fed”
A federal appeals court just handed prediction markets a win, but a rival ruling means the Supreme Court will likely decide the fate of the $100 billion industry.
A federal appeals court just classified prediction markets as gambling, contradicting an earlier ruling and pushing the fight to the Supreme Court - here's what it means for the industry.
In his first Jackson Hole speech, Kevin Warsh says underlying inflation hasn't improved, sending bond yields up and putting a September hike in play.
With inflation at 3.7% and financial conditions not restrictive enough, the Fed chair is signaling that rate hikes may be back - and the next meeting is weeks away.
Former Fed governor Kevin Warsh's latest remarks hint at a more hawkish pivot, raising stakes for investors and borrowers.
A federal judge voided the Trump administration's 'supply chain risk' blacklist of Anthropic as unlawful payback, a threat that could have cost billions.
A four-day outage at a small gas plant exposes a decade-long gap in Britain's cyber defenses for distributed energy.
The Big Four firm's settlement with the Justice Department warns federal contractors that DEI programs are now legal liabilities.