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Washington judge blocks Kalshi contracts, cites state's gambling law

Washington judge blocks Kalshi contracts, cites state's gambling law

By Jonathan Stempel July 21 (Reuters) - A judge granted Washington's request to block Kalshi from offering its so-called event contracts in the state, saying the prediction markets platform likely violated the state's gambling laws.
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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.
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Polymarket Predicts 31% Probability of US Invasion of Iran by 2027 Amid Rising Tensions

Polymarket Predicts 31% Probability of US Invasion of Iran by 2027 Amid Rising Tensions

Polymarket, a prediction market platform, has indicated a 31% probability of a US invasion of Iran by 2027. This forecast emerges in the context of ongoing geopolitical tensions and a significant US military presence in the region. Despite these tensions, experts suggest that a full-scale ground invasion is unlikely at this time. The US military strategy appears to focus on airstrikes and maintaining control over strategic maritime routes rather than preparing for an extensive ground campaign. This suggests that current US objectives may be limited to strategic strikes and containment rather than a full invasion.
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Bitcoin Rally Supported by Institutional Inflows and Clarity Act Progress

Bitcoin Rally Supported by Institutional Inflows and Clarity Act Progress

Bitcoin Rally Supported by Institutional Inflows and Clarity Act Progress
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Congress Moves to Ban In-Flight Phone Calls with Quiet Skies Act

Congress Moves to Ban In-Flight Phone Calls with Quiet Skies Act

A bipartisan group of U.S. House members has reintroduced the Quiet Skies Act, aiming to permanently ban voice calls on commercial flights. Currently, in-flight phone calls are not prohibited by federal law but are banned by individual airline policies. The proposed legislation seeks to formalize this ban, requiring regulators to finalize it within 180 days of the bill's passage. The move comes as airlines are upgrading to high-speed satellite WiFi systems capable of supporting phone and video calls, raising concerns about cabin noise and passenger comfort.
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Defense Secretary Pete Hegseth Seeks $350 Billion Funding Amid Iran Conflict

Defense Secretary Pete Hegseth Seeks $350 Billion Funding Amid Iran Conflict

Defense Secretary Pete Hegseth is set to present a request for a $350 billion funding increase to Congress. This request comes as tensions with Iran escalate, with no resolution in sight. The funding is intended to bolster military capabilities and readiness in response to the ongoing conflict. Hegseth's appearance on Capitol Hill underscores the administration's focus on addressing international security threats and ensuring the U.S. military is adequately equipped to handle emerging challenges.
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U.S. Representative Moves to Protect Boca Chica Beach Name

U.S. Representative Moves to Protect Boca Chica Beach Name

U.S. Representative Vicente Gonzalez has introduced a bill to prevent the renaming of Boca Chica Beach in Texas. The beach, known for its proximity to SpaceX launch sites, was proposed to be renamed 'Cyber Beach' by a SpaceX enthusiast. The U.S. Board of Geographic Names initially considered the proposal but ultimately rejected it following strong community opposition. Gonzalez's bill, the 'Hands Off Our Boca Chica Beach Act,' aims to preserve the beach's historic name and requires notification to Congress members of any proposed name changes within their districts.
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Kalshi Aims to Attract Wall Street with Prediction Market Platform

Kalshi Aims to Attract Wall Street with Prediction Market Platform

Kalshi Aims to Attract Wall Street with Prediction Market Platform
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IRS Lacks Guidance on Taxation of Prediction Market Winnings, Creating Uncertainty

IRS Lacks Guidance on Taxation of Prediction Market Winnings, Creating Uncertainty

IRS Lacks Guidance on Taxation of Prediction Market Winnings, Creating Uncertainty
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CFTC Challenges Michigan Court Order in Kalshi Prediction Market Case

CFTC Challenges Michigan Court Order in Kalshi Prediction Market Case

CFTC Challenges Michigan Court Order in Kalshi Prediction Market Case
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America already tried permanent daylight saving time. It lasted less than a year. Could it work now?

America already tried permanent daylight saving time. It lasted less than a year. Could it work now?

The twice-yearly changing of the clocks could be a thing of the past if legislation currently in Congress that calls for permanent daylight time makes it through
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Bank of England to Cease Accepting Coal-Linked Bonds for Key Loans, Signaling Shift in Climate Policy

Bank of England to Cease Accepting Coal-Linked Bonds for Key Loans, Signaling Shift in Climate Policy

Bank of England to Cease Accepting Coal-Linked Bonds for Key Loans, Signaling Shift in Climate Policy