In a 6-3 ruling, justices upended the Trump administration’s signature economic policy, potentially putting the US government on the hook for at least $175 billion in tariff refunds.
Prediction markets like Kalshi and Polymarket are booming, and so is a fight among regulators, lawmakers, and advocates over their legality.
House Democrats are demanding answers from the National Institute of Standards and Technology and urging it to halt rumored changes they say could undermine its mission.
As prediction market platforms like Polymarket and Kalshi battle regulators in court, Senate Democrats are urging the CFTC to avoid weighing in, escalating a broader fight over the burgeoning industry.