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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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Jun 3, 2026 / Tyler Durden
New York Democrats Move To Redraw Congressional Maps
New York Democrats Move To Redraw Congressional Maps Authored by Chase Smith via The Epoch Times, New York Democrats are moving to give state lawmakers the power to redraw the state’s congressional maps, entering the national fight over control of the U.S. House. The proposed constitutional amendment would allow lawmakers to draw district lines themselves and redraw them mid-decade. It had not been formally filed as of Tuesday morning, but The Epoch Times has reviewed a memo describing the proposed changes. The proposed amendment would change New York’s redistricting system in several ways. According...
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Apr 2, 2026 / Tyler Durden
Trump Admin Revamps Steel, Aluminum, Copper Tariffs; Imposes 100% Duties On Patented Drugs
Trump Admin Revamps Steel, Aluminum, Copper Tariffs; Imposes 100% Duties On Patented Drugs The Trump administration on Thursday announced a pair of tariff actions under national-security authority, maintaining core 50% duties on many imported steel, aluminum and copper products while overhauling the rules to exempt goods containing negligible amounts of those metals and imposing 100% tariffs on imported patented pharmaceuticals that do not meet new domestic production or pricing conditions. President Donald Trump pauses as he finishes speaking about the Iran war from the Cross Hall of the White House in...
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Jun 1, 2026 / Tyler Durden
BP Sells 5% Stake In Australia's Newest $35 Billion LNG Project
BP Sells 5% Stake In Australia's Newest $35 Billion LNG Project By Tsvetana Paraskova of OilPrice.com BP will sell 5% in the $35-billion Browse LNG project in Australia, which Australian energy giant Woodside is looking to progress, the UK-based supermajor told Reuters on Monday. BP is selling the 5% stake, out of its total of its 44% interest, to South Korea's GS Energy. “The dilution reflects BP’s disciplined approach to portfolio management by bringing in a committed partner,” BP said in a statement emailed to Reuters. The Browse LNG project in Australia, proposed by...
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