White House teleprompter operator put on leave over Kalshi bets
What's new: Regulators are weighing a settlement after Kalshi froze about $90,000 in alleged profits tied to Trump speech wagers.
Bloomberg, The New York Times +5
Subject
#Prediction Markets
Meta builds prediction market app as DraftKings, Flutter shares slip
What's new: The app, called Arena internally, is expected to use points rather than cash, though money could be added later.
Bloomberg, NPR +3
Robinhood cuts 10% of staff, eliminating about 290 jobs
What's new: The company expects about $28 million in second-quarter charges and said June trading volumes hit records.
Bloomberg, MarketWatch
CFTC proposes limits on prediction markets tied to terror, war
What's next: The proposal enters a 45-day public comment period as regulators face pressure over sports and election contracts.
CNBC, The Hill