A Nevada judge has temporarily barred prediction market Kalshi from offering event contracts for sports, election and entertainment in the state, Bloomberg reported Friday (March 20). The temporary restraining order, which can last for up to two weeks, came in a case in which the Nevada Gaming Control Board contends...
The federal bank regulators are seeking comment on three proposals they said would streamline capital requirements for banks of all sizes, better align regulatory capital with risk, and maintain the safety and soundness of the banking system. The Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board and Office of the...
House Republicans want to draw new boundaries between the Federal Reserve and the U.S. Treasury. In a hearing held on Wednesday (March 18), the House Financial Services Committee’s Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity examined the Treasury-Fed Accord, a 1951 agreement designed to separate...
Arizona’s filing of criminal charges against Kalshi could mark a new strategy in states’ legal battles with prediction markets, Bloomberg reported Wednesday (March 18). Daniel Wallach, founder of Wallach Legal, told Bloomberg that Arizona’s strategy could enable the state to shut down Kalshi’s operations rather...
The Office of the Comptroller of the Currency (OCC) terminated enforcement actions against four banks in March. In each case, the OCC said it believes “the safety and soundness of the Bank and its compliance with laws and regulations does not require the continued existence”...
Prediction market Kalshi said Tuesday (March 17) that a lawsuit filed by the Arizona attorney general is meritless and that the company looks forward to fighting them in court. The company’s comments came after Arizona Attorney General Kris Mayes announced in a Tuesday press release...
The London Court of Appeal ruled Tuesday (March 17) that Mastercard and Visa can challenge last year’s judgment that they breached competition law with their multilateral interchange fees, Reuters reported Monday. The earlier judgment, handed down in June 2025 by the United Kingdom’s Competition Appeal...
The Bank of England has unveiled proposed guidelines to protect banks from collapse. The central bank’s Prudential Regulation Authority (PRA) released a report Tuesday (March 17) that includes a new liquidity framework designed to help banks better convert assets into cash during stress events like the crisis that brought down Silicon...
Financial data now circulates through banks, FinTech platforms and intermediaries in ways that stretch beyond the structure of existing privacy law, banking and FinTech executives said Tuesday (March 17), raising questions about who controls that data and which entities are accountable as it moves across...