New York State is upping the ante in the battle over regulation of prediction markets. Attorney General Letitia James on Friday (July 31) filed a lawsuit against Kalshi in New York Supreme Court in Manhattan, claiming the platform is operating an illegal gambling business. James petitioned the...
Novig and the New York Mets have signed an agreement that they said is the first partnership between a Major League Baseball franchise and a prediction market. The agreement makes Novig the exclusive official prediction market partner of the New York Mets, the companies said in a Thursday (July 30) press release. Novig is...
Real gross domestic product (GDP) growth slowed in the second quarter, according to an advance estimatereleased Thursday (July 30) by the Commerce Department’s Bureau of Economic Analysis. Real GDP increased at an annual rate of 1.5% in the second quarter, down from an increase of...
Cryptocurrency exchange Binance.US aims to offer prediction markets to customers, Crypto in America journalist and host Eleanor Terrett said in a Wednesday (July 29) post on X, citing Binance.US CEO Stephen Gregory’s comments on stage at Rare Evo: A Blockchain Event. The company plans to submit an application to the Commodity...
Ask what expensive gas does to a household, and you’ll get the familiar answer. It squeezes the budget. Less to spend, more to worry about. An affordability story, and a tired one. For the roughly 60 million hourly workers in the United States, that response...
Consumers in euro area countries perceive and expect significant reductions in inflation, the European Central Bank (ECB) said in a Friday (July 24) press release. The ECB Consumer Expectations Survey for June found that compared with May, median consumer perceptions of inflation over the past...
New government data showed working-class consumers in the United States seeing a bump in pay, The Wall Street Journal reported Thursday (July 23). Economists said improved finances among working-class people at the lower tier of the economy could explain why they’ve upped their spending on...
Initial jobless claims have fallen to their lowest level since 1969, the White House said in a Thursday (July 23) post on X, sharing a link to a Bloomberg article. There were 187,000 initial claims during the week ended Friday (July 18), a figure that...
For decades, the hourly labor market has organized worker pay around the wage itself. Employers compete by adding another dollar per hour, workers compare job postings by headline pay, and policymakers measure economic progress through changes in average earnings. But wages describe only what an...