House Democrat bans staff from betting on prediction markets, citing ethics concerns

NEWYou can now listen to Fox News articles! Democratic Rep. Seth Moulton of Massachusetts has implemented a policy to ban staffers from betting on prediction markets on issues pertaining to issues such as politics and any information obtained in an official capacity. “Congressman Seth Moulton (MA-06) today became the first Member of Congress to institute … Read more

Live Updates: Iran war rages as oil and stock markets grapple with conflicting messages from Trump and Tehran

A missile slammed into a street in central Tel Aviv as Iran kept up its barrages targeting Israel and Gulf Arab states on Tuesday, hours after President Trump said the U.S. was in talks with Tehran to end the war. Iran dismissed the claim of ongoing negotiations as “fakenews is used to manipulate the financial … Read more

Senators introduce bipartisan bill to ban sports betting on prediction markets

A new bill introduced in the Senate Monday would ban prediction markets like Kalshi and Polymarket from accepting or listing transactions related to sports events and casino-style games. The bill, co-sponsored by Senator Adam Schiff, D-Calif., and John Curtis, R-Utah, is the first bipartisan legislation introduced in the Senate targeting the rise of sports betting … Read more

Markets rally, then pull back after Trump and Iran give conflicting reports of talks

U.S. stocks were set to surge at the opening bell Monday, after President Donald Trump announced that he was postponing all military strikes on Iranian power plants for a 5-day period. Iranian state media responded to Trump’s post by saying the U.S. president has “backed down” after Iran’s firm response. Iran’s semi-official Mehr news agency … Read more

Rahm Emanuel proposes banning federal employees from betting on prediction markets

WASHINGTON — WASHINGTON (AP) — Rahm Emanuel, a potential 2028 Democratic presidential candidate, is proposing a far-reaching ban on betting in prediction markets by federal employees and their families as part of an effort to call attention to what he says is a culture of corruption gripping the nation’s politics. The proposal, which Emanuel shared … Read more

Markets drop as gas prices, mortgage rates rise

IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Markets drop as gas prices, mortgage rates rise 00:53 UP NEXT Cost of war in Iran hits America’s heartland 02:31 Strike hits Jerusalem’s Old City 02:01 Trump weighs deploying ground troops 01:45 Action hero Chuck Norris dies at … Read more

Arizona hits Kalshi with criminal charges, escalating fight between states, markets

Arizona became the first state to file criminal charges against Kalshi on Tuesday, accusing the prediction market company of operating an illegal gambling business within its borders, a significant escalation in the fight to regulate the popular platform. The 20-count charging document accuses Kalshi of accepting bets on political outcomes, college sporting competitions and individual … Read more

Live Updates: Iran’s war tactic of punishing U.S. Gulf allies sends oil prices back up and stock markets down

Oil prices rose back above $100 and stocks sank Thursday as Iran’s attempts to hit supplies in the Middle East and bring down the global economy overshadowed a record release of strategic crude reserves by the International Energy Agency. Stock markets in Asia closed down Thursday and European markets opened with losses as investors saw … Read more

Live Updates: Iran and Israel vow to fight on as markets react to Trump saying war should end

  0m ago U.K. maritime authority says cargo ship in Persian Gulf reported a splash and a “loud bang in close proximity” A ship likely came under Iranian attack in the Persian Gulf on Tuesday, off the coast of the United Arab Emirates’ capital, according to an advisory from the British military’s maritime trade authority. … Read more

Oil surges, stocks plunge as fears of prolonged Iran war hit markets

Stock futures plunged and energy prices soared Tuesday as fears spread through global markets that the Iran war may bring prolonged disruption. The reaction came as President Donald Trump indicated the U.S.-Israeli operation may last weeks. Iran’s retaliatory attacks across the Middle East have hit U.S. embassies and Gulf oil facilities and brought shipping through … Read more