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Washington State Court Ruling Challenges Kalshi's Prediction Market Operations

Washington State Court Ruling Challenges Kalshi's Prediction Market Operations

Washington State Court Ruling Challenges Kalshi's Prediction Market Operations
Reuters Reuters
Kalshi hits the back of the net with $27 billion FIFA World Cup windfall

Kalshi hits the back of the net with $27 billion FIFA World Cup windfall

By Pritam Biswas July 23 (Reuters) - Prediction market startup Kalshi scored well during the 2026 FIFA World Cup, netting roughly double its projected user traffic and trading volume as fans scrambled to turn their soccer savvy into profits.
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Washington State Court Ruling Challenges Kalshi's Sports Contracts

Washington State Court Ruling Challenges Kalshi's Sports Contracts

Washington State Court Ruling Challenges Kalshi's Sports Contracts
Reuters Reuters
Nasdaq tops profit estimates on high-profile listings, robust data revenue

Nasdaq tops profit estimates on high-profile listings, robust data revenue

July 23 (Reuters) - Nasdaq beat Wall Street estimates for second-quarter profit on Thursday, boosted by several high-profile listings on its exchange and strong demand for its data services in a volatile market environment.
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Kalshi Seeks Approval for Perpetual Futures in Precious Metals, Expanding Investment Options

Kalshi Seeks Approval for Perpetual Futures in Precious Metals, Expanding Investment Options

Kalshi Seeks Approval for Perpetual Futures in Precious Metals, Expanding Investment Options
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National Endowment for the Humanities Awards $4.1 Million Grant to Ohio State's Chase Center

National Endowment for the Humanities Awards $4.1 Million Grant to Ohio State's Chase Center

The National Endowment for the Humanities (NEH) has awarded a $4.1 million grant to the Salmon P. Chase Center for Civics, Culture, and Society at The Ohio State University. This grant, announced on July 22, 2026, includes $4 million in matching funds and $100,000 in outright funds. It aims to establish endowed chairs and professorships at the center, which is focused on civics education. The Chase Center, which is in its second year, is experiencing rapid growth, with enrollment exceeding 440 students and the introduction of a new major in Civics, Law, and Leadership. The grant is part of a larger $41.4 million initiative by the NEH to support 81 humanities projects nationwide.
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Knox Lane Acquires Cross Country Healthcare for $437 Million, Highlighting PE Interest in Healthcare Staffing

Knox Lane Acquires Cross Country Healthcare for $437 Million, Highlighting PE Interest in Healthcare Staffing

Knox Lane Acquires Cross Country Healthcare for $437 Million, Highlighting PE Interest in Healthcare Staffing
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DHS Implements New Rule Ending Duration of Status for F and J Nonimmigrants, Imposing Fixed Admission Periods

DHS Implements New Rule Ending Duration of Status for F and J Nonimmigrants, Imposing Fixed Admission Periods

The Department of Homeland Security (DHS) has announced a final rule that will replace the 'duration of status' admissions for F and J nonimmigrants with fixed admission periods. This rule, effective September 15, 2026, requires students and exchange visitors to file formal extension applications with the U.S. Citizenship and Immigration Services (USCIS) to stay beyond their I-94 'admit until' date. The rule also shortens the F-1 post-completion grace period from 60 to 30 days and imposes new limits on academic mobility, such as restrictions on school transfers and changes of major. DHS argues these changes will enhance oversight, program integrity, and national security, although they are expected to increase compliance costs and legal risks for institutions.
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UC to Review High School Course Requirements Amid SAT Debate

UC to Review High School Course Requirements Amid SAT Debate

The University of California (UC) is set to review its high school course requirements and the potential reinstatement of SAT standardized testing. This decision comes as part of a broader effort to evaluate college readiness in a rapidly changing educational landscape. The review will consider the current 'A-G' course requirements, which dictate the high school curriculum for UC and California State University admissions. The UC Academic Council has tasked the admissions board with delivering a report on standardized testing by February 2027, followed by a review of course requirements.
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Senators Call for Regulation of Prediction Markets to Protect Tribal Sovereignty

Senators Call for Regulation of Prediction Markets to Protect Tribal Sovereignty

U.S. Senator Maria Cantwell, along with other senators, has urged Senate committees to regulate prediction markets that misuse federal commodity and derivatives rules to offer nationwide sports and event wagering. This practice threatens tribal gaming sovereignty and circumvents state regulatory powers. The senators argue that the rapid expansion of these markets undermines tribal revenue, which is crucial for funding government services like healthcare and education. They have called for amendments to the Digital Asset Market Clarity Act and the Digital Commodity Intermediaries Act to include protections for tribal-state gaming compacts and to prohibit CFTC-registered entities from listing prediction contracts resembling sports bets.
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Senator Merkley Introduces Bill to Protect Students from Predatory Education Programs

Senator Merkley Introduces Bill to Protect Students from Predatory Education Programs

Senator Jeff Merkley has introduced the 'Protecting Students from Worthless Degrees Act' (S. 5021), aimed at reforming federal higher education rules to prevent students and federal aid from being used on programs that leave graduates with high debt and low earnings. The bill proposes new debt-to-earnings standards for career-focused programs, requiring them to prepare students for licensing or certification needed for employment. It also mandates increased oversight of online programs and requires schools to notify students if programs are at risk of failing to meet standards. The bill seeks to ensure that educational programs provide real value and job readiness to students.
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What’s Going on Between FanDuel and CME Group?

What’s Going on Between FanDuel and CME Group?

When FanDuel and CME Group launched their joint-venture prediction market app in December, CME Group president Lynne Fitzpatrick specifically touted how the product would “enable a new generation of users to express their views” on sports, among other topics. CME didn’t express any public misgivings about sports being included in FanDuel Predicts, even though sports […]