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Senate Hearing on Sports Betting Shows CFTC Should Not Regulate Gambling
WASHINGTON, D.C.— Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement following a Senate hearing on sports betting: “When Americans wager on Kalshi and Polymarket on the outcome of hockey or football games, they overwhelmingly view it as sports betting, not trading in financial derivatives. They recently made this view known to
2026 NASCAR Odds: Denny Hamlin Favored To Win Coca-Cola 600
Denny Hamlin is favored to win NASCAR's Coca-Cola 600 but could a long shot who's attempting The Double be worth a wager? Here are the odds.
In deal with business leaders, $30 minimum wage for L.A. hotel and airport workers will be delayed
The minimum wage will still increase to $25 in July and continue in increments until reaching $30 in January 2030.
LA City Council cuts new deal on $30 minimum wage after business tax revolt
California business owners 'trapped' in 'vicious cycle' as costs soar
As labor and energy costs rise in California, small business owners say minimum wage laws and gas taxes in the Golden State are crippling their operations.
2026 NBA Playoff Odds: Why Alex Caruso Is Best Bet To Win WCF MVP
Alex Caruso is a long shot to win Western Conference finals MVP but Will Hill believes his odds are worth a wager. Here's why.
U.S. Senate to examine sports gambling’s ‘mental health crisis’
Americans wagered a record $165 billion on sports in 2025, while nearly 20 million people reported "problematic gambling behavior."
UK wage growth slows and unemployment rate rises as companies react to Iran war
Jobless rate unexpectedly rises to 5% with businesses squeezed by war in Middle East
Greed meets greed: DraftKings to close its Wrigley Field sportsbook at the end of May over Illinois tax
DraftKings announced it is closing its Wrigley Field sportsbook May 31, citing Illinois's new per-bet tax on internet wagers as the core reason.
DraftKings to close sportsbook at Wrigley Field: report
DraftKings will stop taking in-person bets at Wrigley Field on May 31, blaming rising city and state sports wagering taxes.
NBC Sports’ betting experts give their best bets for the Preakness
No Kentucky Derby winner? No problem. These are the horses worth wagering on Saturday.
Majority of Florida voters favor tighter limits on sports betting, UNF poll finds
A majority of Florida voters want the state to place tighter limits on sports betting, even as nearly one in four say they have placed an online wager, according to a new statewide poll.
VW Ads Have Occasionally Ventured Into Science Fiction
Usually when I talk about Volkswagen advertising, I tend to talk about their golden age of ads, the midcentury ones created by Doyle Dane Bernbach (DDB) that we all know, the ones that have become icons of advertising. The other day when I wrote about car ads that feature zero cars in them, I referenced […]
Chartbook 449: Voldemort on Threadneedle street. The Bank of England and the "haunted house" of English politics.
Imagine the scene: In some Harry Potter version of 21st-century London, a group of deathless UK Treasury officials gathered from across the last century huddle over warm pints and glasses of Chardonnay. Around the table there are officials from the 1920s, the 1930s, the 1970s, 2022 and today. Inevitably, in May 2026, the subject of conversation is the disintegration of the current Labour government. Despite its huge majority in parliament, it has been reduced to tatters by catastrophic local election result. These exposed the fact that rather than having a government with a clear popular majority, the UK is like most other modern societies divided into 5 segments each of which commands between 26 and 16 percent of the vote. Perhaps unsurprisingly, the leadership at Nos 10 and 11 Downing Street - where the Prime Minister and the Chancellor (Treasury Secretary) work - seem paralyzed. They are caught between mounting discontent over unfairness and the cost of living, and tough fiscal strictures that push them into making unpopular spending decisions. In the London pub, the Treasury officials from across the ages, can barely hide their satisfaction at the latest display of democratic politics caught in the vice-grip of financial logic. “Remember the mur d’argent and the banker’s ramp?” “Just like yesterday!” There are smirks around the table. Then the representative of 2026 pipes up: “One thing you have to say about the current lot (referring to the latest hapless Labour government), you don’t have to teach them about the bond market!” There is a murmur of ascent from the Treasury Mandarins. The trauma of the fiscal crisis of September-October 2022 sits deep. Back then, in the final stages of Tory decay, a ‘mini budget’ that challenged fiscal orthodoxy led to a brief but fierce panic in one of the oldest government bond markets in the world (aka gilt market). Now all you have to do is to mention the “bond market” to hush debate. [ Paul Mason@paulmasonnews In the name of public service, and as ex-economics editor of BBC Newsnight, I offer to do a zoom call, tonight, with any Labour MP who wants to understand why bond markets do not "fall into line" with governments. 1/ 3:57 PM · May 12, 2026 · 466K Views 224 Replies · 674 Reposts · 3.93K Likes ](https://x.com/paulmasonnews/status/2054229532404519082?s=20) “And the funny thing is”, the young man in the huddle continues, “they don’t even want to talk about … ”. There is a sudden hush. Significant looks are exchanged around the table. About? One of the senior figures puts down his glass with a decisive “clink”. He-Who-Must-Not-Be-Named has entered their thoughts. Meanwhile, a few miles away in a grubby pub in Bloomsbury, two conspirators from the camp of Critical Macrofinance huddle over cans of low-alcohol IPA. They look at each other and blurt out loud: “The Bank!” “Everyone in the bloody Labour party is talking about the bond market. But why aren’t they even mentioning … the Bank of England!?” “Why is no one talking about Voldemort?” In Paul Mason’s blogpost, after much chest-thumping about basic fiscal logic, the basic point about the Bank of England is buried in the fine print at #3 in his list of suggestions as to what a radical Labour government might actually be able to do! [ Conflict & Democracy Down with the bond market! Down with gravity! It may seem unfair to focus on Labour MP Paula Barker for her off-the-cuff assertion that the bond market would have to “fall in line” with Andy Burnham, should he replace Keir Starmer as prime minister. But Burnham himself told the New Statesman that Labour had to “get beyond this thing of being in hock to the bond markets… Read more 2 days ago · 100 likes · 3 comments · Paul Mason ](https://htsf.substack.com/p/down-with-the-bond-market-down-with?utm_source=substack&utm_campaign=post_embed&utm_medium=web) Back in Bloomsbury they shake their heads and ask: “Didn’t we learn anything from the Eurozone crisis?” Meanwhile, as if summoned to the conversation by some higher force, the “pink pages” announce: “The days of ultra-cheap government borrowing have come to an end” and Martin “Whizzard” Wolf publishes the graph of the season Look at the UK in 2026, perilously positioned on the upper edge of the pack. No wonder no one in London needs any lessons about the “bond market”. But, look again. Imagine how they feel in Rome. What is London’s nightmare in 2026? The nightmare is that you end up like Italy in the early 2010s during the Eurozone crisis. Once comfortably situated in the middle of the pack, watching with horror as your ten-year yields explode to 7 percent and “spreads” become a national nightmare. One of the largest economies in Europe, a founding member of the euro, stigmatized. But the message of the Italian experience is ambiguous. After all, the stigma didn’t last. In 2026, Italy borrows at rates lower not only than the UK but the US. The US, which, as everyone knows, enjoys the “exorbitant privilege” of being the issuer of reserve, safe asets. What kind of magic is this? How did Italy, in the space of fifteen years, go from being good, to bad and back again? Which brings us back to our dissident friends in their Bloombury boozer and their memories of the Eurozone crisis. Italy never was Britain - with its ongoing fiscal deficits. Without interest payments, on primary balance, from 2000 to 2020 Italy ran a tight fiscal ship. Even in 2008 it barely went into deficit and when it was being put on the rack in the early 20210s its primary surplus matched that of austere Germany. So, what happened? How did it end up stigmatized? Of course Italian politics didn’t help. Berlusconi was at the helm and he had legal issues. But amongst friends in the Bloomsbury pub, Berlusconi is a sideshow, the name we whisper to each other is “Trichet”. From 2004 to 2011 the ECB was headed by Jean-Claude Trichet, ex of the French Treasury, more German than the Germans. After 2009 as the news of the Greek fiscal disaster broke, the European bond markets wento into panic mode and Trichet began a brutal game of cat and mouse. Between 2009 and 2011, Trichet intervened in the bond market to help, only when he thought he had compliance with austerity. When he thought they were uncooperative, he withdrew. In the summer of 2011, he even made direct suggestions to his Italian counterparts in Rome, as to how Italy should be governed. It was this cat and mouse game that drove the bond markets crazy and exposed Italy to a violent squeeze. When Mario Draghi took over the ECB at the end of 2011 and declared “whatever it takes”, the pressure on Italy, gradually eased. It is that starring role that has made Draghi into the towering figure in European politics that he remains today. So now you see why voices in London hush when it comes to the Bank of England. “The bond market” isn’t an irresistible objective force like the weather or an avalanche. It can appear like that. But that depends on the way it is being handled, or not handled by the central bank. Which is why the silence about the Bank of England in London right now is so significant. If you think this all sounds a bit fishy, coming from a left-liberal Keynesian like myself, well, let me introduce you to Robin Brooks, who, to put it mildly, plays on a different quidditch team to me. Here, from the position of a fiscal hawk is Robin’s celebratory account of the Bank of England’s role since 2022; In October 2022, at the height of the bond market blow-up in the UK, something incredible happened. Governor Andrew Bailey told British pension funds the Bank of England would end its support program for the country’s fragile gilt market, drawing a line under how much help the central bank was willing to give to exposed pension funds and - implicitly - the government. By the end of that week, Kwasi Kwarteng - the finance minister - had resigned. Prime Minister Liz Truss would soon follow. This episode is so incredible because it contrasts with what happened in the Euro zone earlier that year. Bond markets in Spain and Italy were under pressure amid high inflation and rising interest rates. In the middle of this, Mario Draghi - Italy’s Prime Minister - resigned, compounding pressure on bond markets of high-debt countries on the Euro periphery. Unlike the Bank of England, the ECB caved. It bought Italian and Spanish government bonds in an effort to cap yields and introduced a new tool that signaled to markets it might do such caps more frequently going forward. Faced with pressure on bond markets, the ECB capitulated to political pressure from high-debt countries like Italy and Spain. The Bank of England stood its ground and toppled the Truss government. This kind of thing has long-lasting consequences. It means markets price a higher probability of yield caps in the Euro zone, which keeps Italian and Spanish yields artificially low, while markets feel free to push up UK yields without fear of central bank intervention. As I flagged in yesterday’s post, this means you really can’t compare UK yields to those of other high-debt countries. The UK looks worse, but only because its central bank isn’t interfering with markets. There’s more to this than just that 2022 episode. The Bank of England has also been much more aggressive in its quantitative tightening (QT) than other central banks. If one motivation for quantitative easing (QE) is to lower bond yields - especially longer-dated ones - then it stands to reason QT pushes yields up. The left chart above shows a four-quarter moving average of UK government debt issuance (black line) in percent of GDP and which sectors absorb this issuance, including the Bank of England (blue bars). The right chart above compares the Bank of England’s accumulation or run-off of government bonds (blue line) with that of other central banks, where this blue line is the same as the blue bars in the left chart. The Bank of England was quicker and more aggressive than other central banks in downsizing its bond holdings, so UK yields will have risen more than elsewhere also for this reason, not just because of Governor Andrew Bailey’s remarks in October 2022. Back in October 2025, after a conversation in New York with friends in British politics, my sense of dysphoria was such that I raised the issue of the Bank of England openly in the FT Since 2008, the UK has slid into a deep economic and political predicament. Growth has stagnated to a degree far worse even than in the 1970s. The Tory leadership’s wager on the Brexit referendum spectacularly backfired, leaving the UK isolated from Europe and at the mercy of its special relationship with the US, many of whose political class regard the UK as a basket case. After years of austerity, the Labour party lurched to the left and then back to the centre. The Tory party has been eclipsed by the populist nationalism of Reform. Any British government should be worrying first and foremost about how to restart growth. Instead, Keir Starmer is beset by shades of the gilt market panic triggered by the Liz Truss government in 2022. The debt level is higher than in recent years, but there is no cause for panic. UK debt is at far from critical levels and of long duration. Whether you want to “take back control” or launch progressive economic policy, a democracy dogged by fear of bond market vigilantes is unhealthy. In a country that is a monetary sovereign, this climate points to one thing: a disconnect between the government and the central bank. Since 1997, the independence of the Bank of England has become a sacred cow. But independence is what you make of it. And in the wake of the gilt market crisis of September 2022, relations between the Bank of England and the UK government need a reset. In normal times, there is no doubt that an inflation-targeting independent central bank can serve a country well. But since 2008, the UK and other advanced economies have not had the luxury of such simple problems. To their credit, central bankers around the world have not stood on orthodoxy. After 2008, the US Federal Reserve rescued the global banking system and, through quantitative easing, it stabilised the Treasury market in the face of huge deficits. In Europe, things were trickier. Both the Bank of England under Mervyn King and Jean-Claude Trichet’s European Central Bank played cat and mouse with national governments. This was a high stakes wager that between 2010 and 2012 escalated bond market tension and triggered a disastrous turn to austerity. Shaken by the impact of those shocks, their successors, Mark Carney and Mario Draghi adopted a more protective stance (assuming you were not the government of Greece). Recall that Draghi’s legendary slogan, “Whatever it takes”, was uttered to face down the City of London’s bond vigilantes. In 2015, Draghi launched QE — financial repression by another name. In 2016, Carney used the authority of the Bank of England to stabilise markets following the vote for Brexit, an exemplary demonstration of how central banks can underpin democratic choice, even when those choices are wrong headed. All these were independent central bankers steeped in the best practice of the 1990s, who recognised that historic crises demanded radical action. It was the price surge of 2021-2023 that poisoned the atmosphere. Though the shock came mainly from the supply side, central banks ended up in the dock. Nowhere more so than in the UK. The Bank of England reacted with aggressive normalisation. Faced with a cost of living crisis, the governor called for workers to accept real wage cuts. In early 2022, as gas prices were at record levels and Russia’s army was poised to invade Ukraine, the Bank adopted a stringent programme of quantitative tightening, elevating interest rates. When the Truss government got itself in trouble, the Bank took almost a week to come to the rescue. Rather than enacting a charade of normality, it is time to recognise that in 2025 the UK faces a period of historic transition. To meet this challenge, what is needed is a new concordat with the Bank. This should not ignore inflationary pressures or the long-run trajectory of debt, but should affirm the priority of reviving investment-led growth. One could follow Donald Trump in demanding interest rate cuts. The Bank could shadow the ECB in its commitment to capping Eurozone yields. But the top priority should be to lay the ghost of September 2022. The Bank’s slowing of QT last month was a concession. An immediate and complete end would send the right signal. Such a concordat will not by itself restore sanity to politics, solve the housing problem or rebuild the NHS. But it would help to lift the fear of bond market crisis, which is paralysing the effort by democratic politicians to answer the fundamental questions facing the nation. Now, that call for a new concordat between government and Bank of Englands seems more urgent than ever. The problem is that in October 2025, Starmer still had some authority. Today the government is in tatters. And when you are the “under the harrow” - to echo a phrase of Montagu Norman’s from the 1920s - it is the worst possible time to consider institutional change. To make general arguments at a time of crisis can only seem like special pleading rather than a general argument for long-term change. The same, unfortunately, is also true for the other basic institutional reform that Britain urgently needs i.e. the abolition of the out-dated first past the post electoral system and its replacement by a moderated form of proportional representation. And thirdly - whilst we are saying the quiet parts out loud - Britain needs to reopen the question of EU membership. What the local election results of 2026 show is that this remains a key issue. And what they also show is that there is a clear majority that would favor a return. Until these basic features of Britain’s political economy are addressed the country will carry on its politics as though in a haunted house, governed by governments that lack actual majorities, conjuring up false constraints whilst ignoring the real ones. This one is for DG and MI. I love writing the newsletter. If you enjoy it too and fancy buying me a coffee once a month, you know what to do. Click below! Subscribe
Big Bets Report: Wolves Win Would Equal Huge Payday For Nick Wright
Patrick Everson reports on the latest big bets, including a still-alive futures wager from FS1's Nick Wright.
UNF poll: Nearly 1 in 4 Florida voters have placed an online sports bet; 46% want limits
Nearly one in four registered Florida voters have placed a sports bet using an online or mobile app, but most Floridians oppose expanding legal sports betting and many question the integrity of games tied to wagering, a University of North Florida poll released Thursday found.
Howard Community College Featured in 'State of Business' Address
In his Business Outlook Luncheon remarks at Turf Valley Resort last week, Howard County Executive Calvin Ball outlined how Howard County “stands on business” through five pillars: managing crises, investing in people, backing businesses, making strategic investments, and preparing for the future. Howard Community College appears by name in the pillar that anchors the others: investing in people. Dr. Ball highlighted the $11 million county investment in HCC’s Cathy and Danny Bell Workforce and Trades Center, which will open this fall. He described the facility as a world-class center with state-of-the-art training in key industries, championed by HCC President Dr. Daria J. Willis, and positioned to help Howard County compete with institutions worldwide. He also recognized HCC’s Complete4Success program, supported by a $3.5 million county investment in 2022, as a continuing driver of certifications and degrees that prepare students to enter Howard County’s workforce ready to contribute on day one. Dr. Ball connected HCC’s work to the broader economic moment in the county, including more than 1,580 apprentices now training across Howard County businesses, up from roughly 1,100 in 2018, and the SPARK program that bridges classroom learning to high-demand industries. Each of these efforts depends on the kind of workforce pipeline HCC is built to deliver. Educational Services is one of the top three employment sectors for county residents, alongside Professional, Scientific, & Technical Services and Health Care & Social Assistance. HCC will award 1,263 degrees next week at its annual commencement ceremony, and every year, that output feeds directly into the industries the County Executive named as drivers of Howard County’s growth. The full picture also includes the families who are not yet there. The 2024 ALICE update from United Way of Central Maryland found that 35,346 households in Howard County, 29% of the total, fell below the ALICE Threshold in 2022, meaning they earned more than the Federal Poverty Level but less than the basic cost of living in the county. The Household Survival Budget for a Howard County family of two adults, an infant, and a preschooler reached $118,608 annually, requiring an hourly wage of $59.30 to cover housing, child care, food, transportation, and other essentials. Affluence and economic strain coexist within the same county lines. That gap is the reason higher education and economic development are inseparable. Every certification, associate degree, and apprenticeship credential issued at HCC represents a household closer to crossing the ALICE Threshold and into long-term financial stability. The Bell Center, Complete4Success, Howard P.R.I.D.E., Parent Scholars, and the institution’s transfer-rate gains are significant components of Howard County’s economic mobility infrastructure. HCC is grateful to Dr. Ball for his sustained partnership over nearly eight years of service and for recognizing that this college plays a central role in the economic story Howard County is telling. Standing on business in Howard County means standing alongside the flagship institution that prepares its workforce.
UNF poll shows Floridians like to wager on sports, but have concerns about integrity of games
Floridians are also hesitant to expand gambling further.
Your iPhone Gets Stolen. Then the Hacking Begins
A bustling underground ecosystem is providing criminals with the tools to unlock iPhones—and wage phishing attacks against their contacts to access bank accounts and more.
Major airlines throw huge curveball at City Hall bosses over mass wage hike plot
Los Angeles City Council may have dodged financial ruin Wednesday, but only temporarily, after furious business leaders forced City Hall into emergency negotiations over a massive Olympic wage hike.
2026 World Cup Odds: From Which Group Will Winner Emerge?
You don't have to wager on the outright winner. You can actually wager on where the winner will come from.
Chris 'The Bear' Fallica's PGA Championship Picks, Predictions, Best Bets
Chris "The Bear" Fallica is back with his best bets for the PGA Championship. Find out how he's wagering on the big event.
Boston's best spots for a mental health break
Plus: 💩 Sewage in the Charles
Gilts Become ‘Half-Hour Trade’ on Politics, HSBC’s Kettner Says
(Bloomberg) -- The UK’s fractious politics is making investors wary of long-term wagers in the country’s gilt markets, according to HSBC Holdings Plc’s Max Kettner.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyMamdani Scraps Property Tax Hike, Counts Second-Home Revenue“I’d love to buy them because obviously long-end yields are so en
Gilts Become ‘Half-Hour Trade’ on Politics, HSBC’s Kettner Says
The UK’s fractious politics is making investors wary of long-term wagers in the country’s gilt markets, according to HSBC Holdings Plc’s Max Kettner.
4 economic goals Maine business leaders want the state to reach by 2035
A new report lays out priorities to boost business competitiveness, lower housing costs and increase wages 20% within the next decade.
US inflation rose to 3.8% in April, eroding Americans’ paychecks
For the first time in three years, Americans’ wages are no longer outpacing inflation.
AOC-backed $25 minimum wage could squeeze small businesses in red states
A $25 minimum wage sounds appealing but experts and economists warn it could squeeze small businesses and hit lower-wage states hardest.
How minimum wage hikes and food stamps fit in to suicide prevention
Studies show income, debt and access to basic needs shape mental health outcomes, but U.S. strategies have largely focused on clinical care.
2025-26 NBA Playoff Odds: Back Thunder to Sweep Lakers
Find out how Will Hill is wagering on the NBA playoffs, including why he's backing Oklahoma City to sweep the Lakers.
Cherokee Casino Will Rogers Downs wraps 2026 thoroughbred season
The 2026 spring thoroughbred racing season has officially concluded at Cherokee Casino Will Rogers Downs after 28 days of live racing and more than $20 million in wagers, a significant
Restaurant owner warns many businesses ‘will go under’ if minimum wage hits $30
DeLuca’s Italian Restaurant owner Robert DeLuca discusses running a small business in New York, citing policy shifts, rising labor costs and the impact of tax cuts on ‘FOX Business In Depth.’
Sports wagering group weighs in on NYS Gaming Commission's new proposed measures
New Yorkers have until next Friday, May 15th, to weigh in on new guardrails and regulations regarding sports wagering.One of the draft regulations includes "Ru
I'm a small business owner. I support higher minimum wage
The folks telling you that a $15 minimum wage will cause inflation are the same ones who cashed fat checks on the inflation we already lived through.
Tennesseans bet billions on sports last year. See how much
Tennessee residents wagered more money than the GDP of three dozen countries last year.
Opinion | New bill would give Minnesota small businesses $100M after ICE surge
ICE actions have resulted in at least $600 million in lost revenue in Minneapolis-St. Paul alone and an estimated $240 million in wages, business leaders write.
Around 100 union workers strike at Brookfield Zoo over health insurance, wages
Around 100 union workers walked off the job at Brookfield Zoo on Monday morning, calling for what they described as a a fair contract and urging the zoo to close to the public until an agreement is reached.
Is it gambling? Massachusetts, Kalshi clash heads to Supreme Judicial Court
Is it gambling? Massachusetts’ highest court will hear arguments Monday in a fight over whether Kalshi can offer sports-related prediction contracts without a state sports wagering license.
Shutdown ends, SNAP benefits, AI small business bill: CT politics news
Plus: Food Security Day and NAACP Advocacy Day at the Capitol, public alerts for sewage spills and human trafficking notices.
Shutdown ends, SNAP benefits, AI small business bill: CT politics news
Plus: Food Security Day and NAACP Advocacy Day at the Capitol, public alerts for sewage spills and human trafficking notices.
Lower Burrell nets air conditioning and heating business at former Hillcrest Volkswagen
Mark Williamson is in the business of heating and cooling, but he says his company’s ethos is a bit more than that. MW Mechanical Services, which Williamson founded in New Kensington in 2022, installs and repairs residential and commercial air conditioning and heating systems across Soutwestern Pennsylvania. It also services
2026-27 NFL Odds: Back Fernando Mendoza to win OROY
Find out why Geoff Schwartz is backing Fernando Mendoza to win Offensive Rookie of the Year and how he's wagering on Carolina's win total.
CEO pay soared in 2025, 20 times faster than workers’ pay
Analysis finds real wages fell 12% since 2019, with inequality widening in the US beyond global levels
Months after Potomac River sewage spill, businesses are still hurting
Most advisories against recreational activities in affected areas have been lifted, but perceptions about lingering waste continue to hurt local companies.
Amazon Price Target as In-House Chip Business Hits $20 Billion
I'm adding to my long position in the big-tech name.
Tulane students are betting big as sports wagering becomes campus norm
With one parlay bet, you can turn the $20 your mom gave you for food into $200. Enticing, right? This mindset is common on college campuses across the country. 67% of students living on campus participate in sports betting, and Tulane University is no exception. “There’s no barrier to entry for these gambling sites. It’s...
Texas Tech QB Brendan Sorsby to enter gambling addiction program, away from team indefinitely
The Red Raiders' transfer QB is reportedly under NCAA investigation for wagering on college football
Trump Says He Dislikes Prediction Markets. His Family Invests in Them.
The White House has warned staff not to wager on government decisions, but his family’s involvement with these firms undermines the president’s message.
Prime Picks: UFC Vegas 116 ‘Sterling vs. Zalal’
The Ultimate Fighting Championship on Saturday takes a break from life on the road and settles in for some home cooking at the UFC Apex. Ready your wagers.
‘Fight federal overreach’: Delaware appeals federal judge’s order to surrender wage records for 15 businesses to ICE investigators
Federal authorities say they have received tips that the businesses are illegally hiring undocumented immigrants.
Volkswagen's Cisek on China Business
Volkswagen is accelerating its China strategy by deepening partnerships with local technology and electric vehicle makers, including Xpeng, as it faces intensifying competition and a prolonged price war. The company is pushing greater localisation across manufacturing, R&D and product development to shorten vehicle cycles and cut costs. The strategy comes as China's auto market shifts toward replacement buyers and faster innovation, putting pressure on foreign carmakers to adapt quickly. Robert Cisek, Passenger Cars Brand China CEO at Volkswagen, spoke with Stephen Engle on Insight with Haslinda Amin from the Beijing Auto Show.
Kalshi fines and suspends 3 congressional candidates for betting on their own elections
Three congressional candidates wagered on the outcome of their own elections on Kalshi, according to the prediction market, which said Wednesday that it fined and suspended the men from their platform for five years.
Kalshi fines 3 congressional candidates for wagering on their own elections
It is the latest high-profile case of alleged insider trading on prediction markets, including Kalshi and Polymarket.
A DFL senator is facing backlash after admitting betting on his own political race
A DFL senator is faced backlash Wednesday night after admitting he placed a bet in his own political race. All while pushing a bill to ban the very same platforms that took his wager.
Fredericksburg region business figures weigh in on state minimum wage bill
Bill could improve regional economy, put strain on small businesses.
Justice Department files complaint against Washington and its sewage authority for massive spill
The leak, from a deteriorating pipeline, spilled 244 million gallons of raw sewage.
Wage growth hits lowest level since November 2020; unemployment rate unexpectedly falls
Rolling coverage of the latest economic and financial news
How Employers Support Lower-Waged Workers' Access to Health Insurance Options
Health insurance makes up 8% of total employee compensation on average, and while most employees take up health insurance when it is offered, lower-wage workers are far less likely to be able to access coverage, according to an analysis of survey data and focus groups with more than 100 U.S. employers with over a quarter of a million employees.
Naked mole rats wage bloody wars of succession to choose a new queen — but one colony did something scientists have never seen before
When their queen dies, naked mole rat females usually wage bloody battles of succession. But peace may be possible, a new study suggests
Report: Colorado incentives drive 143 business expansions and 42,000 jobs
Colorado's incentive programs helped attract 143 companies, creating over 42,000 jobs and $4.8 billion in wages, boosting the state's economy.
Gas tax holiday, Tim Ackert, landlord registry: CT politics news
Plus: Eversource and the RWA respond to William Tong and the Senate passes bills on wage theft and homeowners renting out rooms.
Prime Picks: UFC Winnipeg ‘Burns vs. Malott’
The Ultimate Fighting Championship on Saturday will make the next stop on its 2026 world tour when it ventures into the Great White North. Ready your wagers.
‘They will be exposed’: Delaware must surrender wage records for 15 businesses targeted by ICE investigation, federal judge rules
Feds say they are conducting a criminal probe after receiving tips that the companies are illegally employing undocumented immigrants.
Colorado shouldn’t risk cutting off access to earned wage access
By Tenisha James I live and work in Connecticut, not Colorado — but what’s happening in your state matters to people like me. I’ve already seen how policies that restrict earned wage access (EWA) can play out in real life. And I wouldn’t wish that experience on Colorado workers. Like many people, I’ve felt the squeeze […]
House Again Thwarts Bid to Halt Iran War Unless Congress Approves It
Republicans narrowly blocked a Democratic war powers resolution that would have prevented President Trump from continuing to wage war in Iran until he won authorization from Congress to do so.
Thousands suffer nausea, delirium and other health issues from toxins in the Tijuana River
For decades, billions of gallons of sewage and industrial waste have been dumped into the Tijuana River.
Tijuana River sewage is making the air toxic, scientists say
For decades, billions of gallons of sewage and industrial waste have been dumped into the Tijuana River.
Report: Health care costs rising faster than wages in Wisconsin
Ananth Seshadri, director and co-author of a report on health care costs, said increasing costs hurts Wisconsin's economic competitiveness because insurance is often tied to employment.
Ohio bill would raise tax on sports betting wagers
An Ohio Republican is proposing raising the sports betting tax to fund public stadiums and K-12 education.
LA hotel leaders warn Mayor Bass' $30 wage mandate is killing business ahead of World Cup, Olympics
Los Angeles hotels are "sounding alarm bells" over a $30-per-hour minimum wage law, according to an AHLA report citing reduced hiring and canceled investments.
2026 NFL Draft Odds: Back Ty Simpson as 1st-Rounder, Over 4.5 Corners on Day 1
Find out how many QBs and cornerbacks Geoff Schwartz is wagering on to get called off board on Day 1 of the NFL Draft.
Can defense contracts save VW's Osnabrück factory?
Volkswagen's Osnabrück plant is still building cars, but the order book is drying up quickly. As work fades, could a move into defense manufacturing save 2,500 local jobs? So far, the company is staying tight-lipped.
Gambling legislation proposed puts fee on sports wagers
A bill has been proposed by Republican State Senator Bill Blessing, based in the Cincinnati area, that would put a two percent fee on sports wagers.The bill is
Gambling legislation proposed puts fee on sports wagers
A bill has been proposed by Republican State Senator Bill Blessing, based in the Cincinnati area, that would put a two percent fee on sports wagers.The bill is
Unusual airborne toxin detected in the U.S. for the first time
Scientists searching for air pollution clues stumbled onto something unexpected: toxic MCCPs drifting through the air for the first time in the Western Hemisphere. The likely source—fertilizer made from sewage sludge—points to a hidden route for contamination.
Local business owner weighs in as Louisiana blocks state minimum wage bill
For the latest session in a years-long debate, the Louisiana House Labor Committee has voted to kill a bill that would have established a $12 state minimum wage.
2026-27 NFL Odds: 'It's a Good Time to Buy Low on Detroit'
Sammy P did some digging to figure out where some of the sharpest minds are putting their money in NFL futures.
Bitter medicine: How California’s hospital bills end up depressing your take-home pay
Hospitals are suing a state agency that limits their cost increases. Their bills inflate health insurance premiums, leaving employers with less money for wages.
Ohio Republican lawmakers proposed major new sports betting restrictions
Three Ohio Republican lawmakers are introducing legislation to place “guardrails” on the state’s sports betting system, including stopping online/phone gambling, limits on wagers, banning the use of credit for betting, and limiting advertisement.
New report shows another jump in NC sports betting
North Carolina recorded its third month with more than $700 million in paid sports wagers during a March dominated by tournament betting.
Ohio legislation would require in-person sports betting, ban parlays and prop bets
Republicans in the Ohio Statehouse have proposed a pair of bills that would limit which kinds of sports bets could be placed and would eliminate mobile betting, requiring all wagers to be placed in…
Wisconsin Governor Faces Thursday Deadline on Online Sports Betting Bill
Gov. Tony Evers has until Thursday to mull a bill that would expand Wisconsin’s retail-only sports betting to also allow online wagers on tribal land.
Volkswagen's TSI Vs. TFSI Engines: The Main Differences Explained
The main differences between Volkswagen's TSI and TFSI engines only come from their names and which models they're used in. TFSI is only in Audi cars.
When legal sports betting surges, so do Americans' financial problems
As online betting has grown in popularity, a new report from the New York Federal Reserve builds on the troubling link between legal sports wagering and financial health.
Blazers, Thorns, Business Chamber and Performance Groups Urge Council to Kill Ride-Hailing Proposal
The policy, intended to bolster ride-share driver wages, would cap how much a ride-share company could take for each ride.
White House seeks massive increase in defense spending with $1.5 trillion ask in new budget request
The White House is seeking roughly $1.5 trillion for defense as part of a fiscal 2027 budget request – a proposal that would boost military spending to its highest point in modern history as the Trump administration wages its war with Iran.
March job gains outshine forecasts amid inflation pressures
U.S. employers added 178,000 jobs in March, topping forecasts, as unemployment held at 4.3% and wages rose despite inflation pressures.
U.S. small business jobs hold steady in March, Paychex finds
Paychex reports US small business jobs held steady in march with cautious hiring and 2.66% year-over-year wage growth amid ongoing labor challenges.
How the Iran war is forcing Germany to rethink energy
The energy shock from the Iran war is felt around the world, and in Germany, too. As rising prices hit consumers, the government is struggling to find a response. How should Europe's largest economy fuel itself in a world where fossils can become a political liability? Host Nina Haase goes looking for answers with Greens MP Robin Wagener, DGAP energy expert Loyle Campbell and DW’s Bernd Riegert.
Robinhood distances sports sponsorships strategy from prediction markets
As Michael Jordan's 23XI Racing drives Robinhood-sponsored cars to the top of the NASCAR standings, fans can also use Robinhood's app to wager on race outcomes and other sporting events.
How polling failures, gambling legalization and political gridlock paved the way for the explosive rise of prediction markets
While media outlets are signing deals with Polymarket and Kalshi for their insights into the wisdom of crowds, gamblers are pouncing on opportunities to wager on geopolitics and celebrity weddings.
Online sports bettors may risk more than just their wagers. Here's what's at stake.
One in five UK hospitality businesses fear collapse as costs surge
Exclusive: Pubs, restaurants and hotels warn of mounting pressure days before rates rises and higher wage bills take effect
How Julianna Stratton surged to victory in Illinois' Democratic Senate primary
Juliana Stratton's anti-ICE position, push for a $25/hour minimum wage and boost from Gov. JB Pritzker led to her win in Illinois, said Quentin Fulks, who led the super PAC backing her.
The deal with Israel's Rafael: Why is Volkswagen returning to the missile business 81 years after WWII?
Volkswagen, Founded by Hitler and a Producer of Missiles for the Wehrmacht in World War II, Is Set to Have One of Its Plants Manufacture Iron Dome Components for Rafael. After Having Suffered a 44 Percent Drop in Profits Last Year, VW May Be Pivoting Toward the Booming Defense Industry
Democratic lawmakers highlight pay gap; business group raises concerns on wage transparency bill
Democratic lawmakers marked Equal Pay Day on Thursday by highlighting persistent wage disparities in Connecticut while backing legislation that would require employers to disclose salary ranges and benefits in job postings.
A $25 minimum wage in D.C. could shift business to N. Va., restaurant association says
A $25 minimum wage proposal in D.C. could push some restaurant workers into Northern Virginia in the short term and, in the long term, potentially drive businesses to relocate as well, the head of the region's restaurant association says. The Restaurant Association Metropolitan Washington -- an outspoken opponent of D.C.'s Initiative 82, which sought to phase
Group abandons Michigan minimum wage ballot campaign
A group seeking to reverse changes the state Legislature made last year to Michigan's tipped and minimum wage laws is abandoning its efforts for now.