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Senate Panel Clears Kevin Warsh 13-11, Setting up Fed Leadership Change Before May 15

The Senate Banking Committee voted 13-11 along party lines Wednesday to advance Kevin Warsh’s nomination as the next chair of the Federal Reserve, sending the pick to the full Senate…

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UAE Quits OPEC After 59 Years, BTC Slides Below $76K Amid Hormuz Supply Shock

The United Arab Emirates officially withdrew from OPEC and the broader OPEC+ alliance on April 28, 2026, and bitcoin fell below $76,000 within hours of the announcement. Key Takeaways: The…

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Buffett Lumps Prediction Markets With Sports Betting in ‘Tax on Stupidity’ Rebuke

Warren Buffett used his first sit-down interview since stepping down as Berkshire Hathaway CEO to bundle prediction markets, legalized sports betting, and day trading into a single critique, calling state-sponsored…

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Federal Reserve Set to Hold Rates at 3.75% as Traders Price 99% Odds for April 29 FOMC

Prediction markets and CME futures traders have converged on one outcome ahead of the April 29 Federal Open Market Committee (FOMC) meeting: the Federal Reserve will hold rates steady, and…

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38 Attorneys General Back Massachusetts Lawsuit Against Kalshi Over Prediction Markets

State gambling enforcement against Kalshi is being challenged as 38 attorneys general back Massachusetts’ lawsuit. The case could shape whether states can enforce gambling licensing rules against event contracts. Key…

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Illinois Governor Bars State Employees From Insider Bets on Prediction Markets

Illinois Governor JB Pritzker has signed an executive order prohibiting state employees from using nonpublic information to participate in prediction markets and event-based contracts. The order arrives while Illinois contests…

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