On Tuesday, Brazilian Supreme Court Justice Flávio Dino ordered the Federal Police to investigate suspected foreign financing of Flávio Bolsonaro’s presidential campaign. Bolsonaro lost to Luiz Inácio Lula da Silva in the runoff. The investigation will also need to determine whether any connection exists between political support for the senator and foreign interests in Brazil’s rare earth and…
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As prediction markets have exploded in popularity over the past two years, they have also become increasingly controversial – setting off a lobbying-fueled power struggle for regulation of the platforms. Amid allegations of insider trading, bets on military operations, and deceptive marketing practices, some states are seeking to sue or ban prediction markets. But the federal government has…
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CBS has become the latest news outlet to announce that it is using data from Kalshi — the outlet’s “prediction market sponsor” — in coverage of the midterm elections alongside polling data. CBS’s Director of Elections and Surveys Anthony Salvanto touted the change in several segments this week. In the segments, Salvanto presents the news outlet’s polling data on which party is likely to take…
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Americans spent nearly $170 billion on sports bets in 2025, representing more than double the amount Americans spent on movies, books, music, and museums combined last year, a new analysis finds as the betting industry turns to increasingly predatory tactics. According to an analysis by Fortune, Americans placed $166 billion in sports bets last year, while spending a total of $70 billion…
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On Tuesday, President Donald Trump announced his support for prediction market companies, calling for continued federal control while lambasting state regulators. “It is critically important” that the federal Commodity Futures Trading Commission (CFTC) maintain “exclusive authority over Prediction Markets” in order for them to “thrive,” Trump wrote on Truth Social.
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A Sunday report in The New York Times revealed how the Trump administration is using a key government agency to shut down any efforts to regulate online betting markets such as Kalshi and Polymarket. According to the Times, the administration has stacked the Commodity Futures Trading Commission (CFTC) with industry insiders who have systematically “mowed down” staffers at the agency who have…
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