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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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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
Sportico Glance Sportico Glance
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 […]
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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
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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Senator Warren Calls for GAO Investigation into CFTC Staffing Cuts Impacting Enforcement

Senator Warren Calls for GAO Investigation into CFTC Staffing Cuts Impacting Enforcement

U.S. Senator Elizabeth Warren has called for the Government Accountability Office (GAO) to investigate staffing cuts at the Commodity Futures Trading Commission (CFTC). Warren, the Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, expressed concerns that the 25% reduction in CFTC staff since January 2025 has significantly impacted the agency's enforcement capabilities. The CFTC, responsible for regulating the American derivatives market, has seen a sharp decline in enforcement actions and monetary relief obtained. Warren's letter to Acting Comptroller General Orice Williams Brown highlights the potential alignment of these staffing cuts with industry interests, raising questions about the agency's ability to protect investors and maintain market integrity.
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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European Commission Proposes Reforms to Enhance EU Bank Competitiveness

European Commission Proposes Reforms to Enhance EU Bank Competitiveness

The European Commission (EC) has unveiled a comprehensive reform agenda aimed at addressing fragmentation in the EU banking market and enhancing the international competitiveness of EU banks. The report outlines several key proposals, including favorable reforms for EU banking groups, revisions to capital requirements under Basel III, and simplifications to the regulatory framework. The EC aims to foster market integration, implement international standards while considering EU specificities, and simplify regulations to make the EU a more attractive destination for banking professionals. The report also highlights the need for a new European Deposit Insurance Scheme (EDIS) proposal to better align crisis management and deposit insurance responsibilities within the Banking Union framework.
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Alabama Delegation Supports Bill for Tuskegee Airmen Memorial in D.C.

Alabama Delegation Supports Bill for Tuskegee Airmen Memorial in D.C.

The entire U.S. House delegation from Alabama has backed the Tuskegee Airmen Memorial Act of 2026, introduced by Rep. Shomari C. Figures. The bill authorizes Tuskegee Airmen, Inc. to establish a memorial on federal land in Washington, D.C., to honor the Tuskegee Airmen's service and legacy. The Tuskegee Airmen were the first Black military pilots in U.S. history, and their efforts during World War II were instrumental in the desegregation of the U.S. military. The memorial aims to educate the public about their contributions and inspire future generations.
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Goldman Sachs CEO Supports Crypto Clarity Act, Diverging from Wall Street

Goldman Sachs CEO Supports Crypto Clarity Act, Diverging from Wall Street

Goldman Sachs CEO Supports Crypto Clarity Act, Diverging from Wall Street
Reuters Reuters
US exchanges to see volume boost, but regulatory stance to take center stage

US exchanges to see volume boost, but regulatory stance to take center stage

By Utkarsh Shetti July 21 (Reuters) - U.S. exchanges will this week start reporting results, which will see a boost from volatility-driven trading volumes, but analysts are likely to weigh that against worries over the regulatory environment and potential higher competition from newer entrants.
Reuters Reuters
Senate Democrat calls for probe of US derivatives regulator's staff cuts

Senate Democrat calls for probe of US derivatives regulator's staff cuts

WASHINGTON, July 21 (Reuters) - President Donald Trump's deep staffing cuts at the Commodity Futures Trading Commission could hamper its ability to enforce the law and should be investigated by the congressional watchdog agency, a top Senate Democrat said on Tuesday.