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New CFTC Prediction Market Proposal Would Ban War And Terrorism Bets While Allowing Sports Markets
New CFTC Prediction Market Proposal Would Ban War And Terrorism Bets While Allowing Sports Markets
The Commodity Futures Trading Commission (CFTC) has unveiled a proposed framework for prediction markets that would prohibit contracts tied to violent or harmful events, including terrorism, war, and political assassinations, while largely preserving sports-based markets, according to Bloomberg.
Under the proposal, "gaming" would be interpreted more narrowly, focusing on activities driven primarily by chance. As a result, most existing sports event contracts would remain permissible.
According to CFTC Chairman Michael Selig, the agency's goal is to "protect...
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Mar 26, 2026 / Tyler Durden
Measuring Poverty Correctly Reveals A Hard Truth About The Welfare State
Measuring Poverty Correctly Reveals A Hard Truth About The Welfare State
Authored by Tyler Turman via TheDailyEconomy.org,
America has spent more than $20 trillion on fighting poverty since the introduction of President Johnson’s Great Society program in 1964. Sixty years later, how are we doing?
That depends, as it turns out, on how you measure it.
Last month, Senator Kennedy (R-LA) introduced a bill that would require the Census Bureau to report a new poverty metric as an alternative to the Official Poverty Measure (OPM) by including both cash and non-cash welfare benefits in its calculations.
As Kennedy points...
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May 27, 2026 / Tyler Durden
Seattle Residents Forced To Barricade Their Streets To Protect From Gun Violence
Seattle Residents Forced To Barricade Their Streets To Protect From Gun Violence
Fed up with years of gun violence and repeated shootings near Aurora Avenue, some residents in North Seattle have started installing their own street barricades in an effort to protect their neighborhoods, KOMO News writes.
Neighbors living near North 97th, 98th, and 102nd streets recently placed large planter boxes, piles of dirt, and gravel across parts of residential roads that connect to Aurora Avenue North. The goal, residents say, is to make it harder for shooters to speed through...
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Jun 12, 2026 / Tyler Durden
Blackrock's Private Credit Fund Gates Investors Again After Redemption Requests Surge
Blackrock's Private Credit Fund Gates Investors Again After Redemption Requests Surge
The market may be in full-blown face-ripping bubble mode, and software stocks are now gripped in by a category 5 gamma squeeze hurricane, but not even that is helping the ongoing debacle that is private credit.
One week after Cliffwater's Private Credit fund gated investors for a second straight quarter, and days after Blackstone also gated investors in its private credit fund for the first time (recall during Q1, the fund allowed investors to redeem a record 7.9% after tapping...
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