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A Kalshi advertisement seen in Washington on March 27, 2026.Paul Lester | CNBCThe 9th U.S. Circuit Court of Appeals rejected prediction market platforms’ requests for injunctive relief against the Nevada Gaming Control Board, concluding that sports-related event contracts are not a derivative regulated by the federal government. The court rejected appeals by Kalshi and Crypto.com, two prediction market platforms, to stop Nevada from halting their operations which the state claims are gambling offerings outside of the gaming control board’s framework. The court also ruled against Robinhood’s request for injunctive relief. That firm also features event contracts on its trading platform. Under scrutiny…

Average asking prices for homes in Glasgow and Manchester’s commuter hubs have soared in the past year, new research shows.Property portal Rightmove analysed asking price growth in commuter towns linked to six of Britain’s largest cities: London, Manchester, Birmingham, Bristol, Glasgow and Cardiff.Of the cities analysed, the strongest asking price growth is concentrated in commuter locations by Glasgow and Manchester, with 10 of the top 15 fastest-growing hotspots located here. Try 6 free issues of MoneyWeek today Get unparalleled financial insight, analysis and expert opinion you can profit from. Start your trial Sign up to Money Morning Don’t miss the…

China's hypercompetition goes global as Beijing frets over backlash

Companies worried for years about whether an employee’s password had been stolen. Now they have to worry about AI “workers,” too. Okta (OKTA) reported fiscal second-quarter revenue of $805 million, up 11%, while subscription revenue reached $793 million, up 12%. Remaining performance obligations increased 17% to nearly $4.86 billion. The company boosted its yearly outlook as organizations increasingly face a category of identity that was virtually nonexistent in mainstream commercial IT only a few years ago: autonomous AI agents. “Every agent needs a trusted identity and clear controls over what it can access and do,” CEO Todd McKinnon said. For…

The Trump administration is bringing back a centuries-old legal tradition that would allow it to more easily seize Iranian oil tankers and sell off their assets. Aaron Reitz, who is the U.S. Attorney in the Houston-based Southern District of Texas,  confirmed to Fortune the revival of prize law, or a set of rules allowing for military forces to seize enemy vessels. “Our national security interests may require the United States military to seize vessels or cargo supporting the enemy during military conflict. If that happens, our federal courts must be ready to adjudicate the disposition of these captured vessels and…

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Affirm Holdings stock closed nearly unchanged on Friday after the buy now, pay later firm reported fiscal fourth-quarter earnings and CEO Max Levchin said high gas prices are weighing on shoppers.”The U.S. consumer undoubtedly sees the higher gas prices, so can’t, can’t ignore that,” Levchin told CNBC’s “Squawk Box.” “They’re also coming to us to help manage those prices across all the various inflationary points.”The national average price for gas was at $4.09 per gallon as of Friday, according to AAA data. That is down from May, when gas climbed above $4.50, but is still much higher than pre-Iran war…

I have been a landlord since 2005, the year I rented out the very first property I bought in San Francisco after buying a single-family home. Since then I’ve been through all sorts of disputes. Neighbors texting me that my tenants were running across their roofs during Fleet Week. A heaping pile of trash left on the sidewalk. A shower leaking through to the lower unit. Being a landlord will test your faith in humanity. For survival’s sake, you learn from every incident by bolstering your lease and screening prospective tenants like the CIA. It is not worth the extra…

US President Donald Trump speaks after signing an executive order that aims to rename Lake Ontario to Lake America in the Oval Office of the White House in Washington, DC, on Aug. 27, 2026.Jim Watson | AFP | Getty ImagesA federal judge on Friday rejected an effort by President Donald Trump to transfer to federal court the New York state criminal hush money case that ended with his conviction.Judge Alvin Hellerstein’s ruling was the third time he had denied Trump’s request that his criminal case be handled in U.S. District Court in Manhattan.A federal appeals court had ordered Hellerstein to…

The centerpiece is Tysons Corner Center, today the eighth largest mall in the country, and one of the largest sub-city-sized markets for office space. It is half-owned by the Alaska Permanent Fund, which is the state-owned corporation that invests oil revenue on behalf of Alaska’s citizens, and half-owned by Macerich, a giant REIT, which is in turn owned by hundreds of large institutional investors and many individuals. This very interesting essay by Joseph Lawler argues that liquid real estate markets, and distanced ownership, militate against beauty.