Bank regulators and federal lawmakers have expressed concerns about the appearance of contracts on prediction market Polymarket that are tied to the likelihood of bank failures, Bloomberg reported Friday (Sept. 25). A modestly sized market for bank-failure contracts has appeared on Polymarket’s international platform. These sorts of...
Polymarket will fight for its users, the company’s chief legal officer said Thursday (Sept. 24), after New York announced that the state filed a lawsuit against the company. New York sued the company behind Polymarket US, QCX LLC, alleging in a Thursday press release that the prediction market platform runs...
U.S. business activity grew in September at the fastest rate for over five years, according to the S&P Global US Flash PMI released Wednesday (Sept. 23). The flash S&P Global US PMI Composite Output Index rose from 56.0 in August to 58.4 in September, marking the fourth...
Households continued to spend more in August, although at a slower rate than earlier in the year. The median reported year-over-year increase in monthly household spending was 4.7%, compared with 4.8% in April and 4.9% in December 2025, according to the Federal Reserve Bank of...
The prediction market sector is quickly growing, and marquee player Polymarket along with it. But as The Wall Street Journal (WSJ) reported Sunday (Sept. 20), the company has struggled with compliance failures, legal challenges and software issues as it tries to boost that growth. The...
Consumers didn’t wait to shell out funds for cars, furniture and electronics in August. Retail sales rose 1.2% from July to $773.9 billion, reversing July’s 0.5% decline, with several categories associated with larger household purchases participating in the rebound. Electronics and appliance stores gained 1.6%,...
American consumers are facing added strain as inflation continues to outpace wage growth. “A substantial number of Americans are worse off, their incomes are not keeping up with the price increases right now,” Heather Long, chief economist at Navy Federal Credit Union, told CNBC in...
Consumer prices accelerated in August, adding to household expenses at a time when many financially constrained consumers have already reduced the discretionary spending they can most easily cut. The Consumer Price Index, released Friday (Sept. 11) by the Bureau of Labor Statistics, rose 0.4% in...
Americans aren’t expecting a wave of pink slips, but they’re becoming less confident about what would happen if they needed another job. The Federal Reserve Bank of New York’s August Survey of Consumer Expectations found that the mean probability consumers assign to unemployment being higher...