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US appeals court rules against Kalshi, says states can regulate prediction markets

US appeals court rules against Kalshi, says states can regulate prediction markets

By Jonathan Stempel Sept 25 (Reuters) - A US appeals court on Friday ruled against the prediction markets operator Kalshi, saying Ohio and Tennessee can regulate its so-called event contracts under their gambling laws.
ReutersReuters
New York lawsuit says Polymarket's prediction markets are illegal gambling

New York lawsuit says Polymarket's prediction markets are illegal gambling

By Jonathan Stempel NEW YORK, Sept 24 (Reuters) - New York's attorney general sued Polymarket on Thursday, escalating her battle against prediction markets, an industry that she says violates state laws against illegal gambling.
ReutersReuters
New York, Polymarket sue each other over whether prediction markets are illegal gambling

New York, Polymarket sue each other over whether prediction markets are illegal gambling

By Jonathan Stempel NEW YORK, Sept 24 (Reuters) - New York's attorney general and Polymarket sued each other on Thursday, escalating a nationwide debate over who should regulate prediction markets and whether they violate state laws against illegal gambling.
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Polymarket US Operates as CFTC-Regulated Designated Contract Market for Crypto Predictions

Polymarket US Operates as CFTC-Regulated Designated Contract Market for Crypto Predictions

Polymarket US Operates as CFTC-Regulated Designated Contract Market for Crypto Predictions
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Supreme Court Rules Federal Law Preempts State Pesticide Warning Claims, Justice Jackson Dissents

Supreme Court Rules Federal Law Preempts State Pesticide Warning Claims, Justice Jackson Dissents

The U.S. Supreme Court, in a 6-2 decision in *Monsanto v. Durnell*, has ruled that federal pesticide law expressly preempts state tort failure-to-warn claims when the Environmental Protection Agency (EPA) has registered a pesticide without requiring a specific warning. Authored by Justice Brett Kavanaugh, the majority opinion stated that a state-imposed duty for a cancer warning constitutes a state requirement for labeling that is 'in addition to or different from' the requirements of the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA). The case originated from John Durnell's lawsuit against Monsanto, alleging that chronic use of Roundup caused his non-Hodgkin's lymphoma and that a cancer warning should have been included on the label. The EPA had registered Roundup without such a warning and has consistently determined that glyphosate is not likely to cause cancer. Justice Ketanji Brown Jackson, joined by Justice Neil Gorsuch, dissented, arguing that FIFRA's misbranding prohibition, which mand...
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This Day in History: William Rehnquist Led the Supreme Court Through a Conservative Shift

This Day in History: William Rehnquist Led the Supreme Court Through a Conservative Shift

The Rehnquist Court marked a significant period in the history of the Supreme Court of the United States, spanning from 1986 until Chief Justice Wi...
Nashville TennesseanNashville Tennessean
Dolly Day goes national. See which cities are celebrating Dolly Parton

Dolly Day goes national. See which cities are celebrating Dolly Parton

Nashville won't be alone in celebrating Dolly Parton. Cities and states across the U.S. have officially declared Sept. 25 as Dolly Day and will mark the occasion with local celebrations.
USA TodayUSA Today
Today is Dolly Parton Day! See how states, cities are celebrating

Today is Dolly Parton Day! See how states, cities are celebrating

Friday, Sept. 25, is Dolly Parton Day, honoring the late country icon's hit single, '9 to 5.' See which states and cities are hosting celebrations.
Savannah Morning NewsSavannah Morning News
Wendy's franchisee declares bankruptcy. These GA restaurants impacted

Wendy's franchisee declares bankruptcy. These GA restaurants impacted

A Wendy's franchisee that operates in 15 states has declared bankruptcy. Are any locations in Georgia affected? See the list.
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On This Day: The Judiciary Act of 1789 Built America's Federal Court System

On This Day: The Judiciary Act of 1789 Built America's Federal Court System

The Judiciary Act of 1789 stands as a foundational piece of legislation in American history, establishing the federal judiciary system as we know i...
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Prediction Markets Expand to Natural Disasters, Raising Ethical Concerns and Information Value Debates

Prediction Markets Expand to Natural Disasters, Raising Ethical Concerns and Information Value Debates

Prediction Markets Expand to Natural Disasters, Raising Ethical Concerns and Information Value Debates
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Supreme Court Ruling on IEEPA Tariffs Prompts Call for Unwinding Mechanism

Supreme Court Ruling on IEEPA Tariffs Prompts Call for Unwinding Mechanism

Following the Supreme Court's decision to strike down tariffs imposed under the International Emergency Economic Powers Act (IEEPA), billions in tariff refunds are now being returned to U.S. companies. However, this refund process has exposed a significant design flaw: the government lacks a mechanism to ensure that these refunds reach the consumers who ultimately bore much of the cost through higher prices. Tariffs are legally paid by importers, but the economic burden is typically passed down the supply chain to consumers. When tariffs are refunded, the money goes back to the importer, who can then use it as they see fit, rather than directly compensating consumers for their overpayments. This issue is highlighted by the argument that the current system allows for a 'subsidy' to businesses, funded by consumer overpayments, without direct consumer benefit.