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Kalshi adds required employment verification for some prediction market bets

Kalshi logo on a green background.

The CFTC is considering its first regulation for prediction markets, as arrests over "insider trading" on everything from military operations to Google Search data continue to stack up. As CoinDesk reports, a notice of proposed rulemaking says "the proposal would establish a structured framework for evaluating whether such contracts involve an activity enumerated in Section 5c(c)(5)(C) of the Commodity Exchange Act -activity that involves terrorism, assassination, war, gaming, or conduct that is unlawful under federal or state law-and, if so, whether that contract is contrary to the public interest."

Separately, Kalshi announced on Wednesda …

Read the full story at The Verge.

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How biodiversity loss could raise borrowing costs and deepen debt risks worldwide

Financial markets are blind to the economic costs of biodiversity loss, leaving several countries at risk of defaulting on debt, according to new research published in Nature. While environmental degradation is recognized as a serious financial risk, sovereign debt markets currently have no way of accounting for it, leaving US$83 trillion in assets open to mispricing.

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Colonial ties may reshape 2026 World Cup odds, 1,500 simulations suggest

Colonial legacies continue to shape competitive outcomes in international football. A research team led by the University of Zurich has used about 1,500 simulations of the upcoming World Cup to show that former colonial powers benefit from access to a broader pool of talent, while formerly colonized nations face lower chances of success.

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How cultural backgrounds shape financial forecasts

There's a funny thing about facts. Two people can look at the same ones but interpret them very differently, depending on their styles of thinking. On Wall Street, analysts with short-term or long-term orientations may issue different financial forecasts for the same company, says Yong Yu, professor of accounting at the McCombs School of Business at The University of Texas at Austin.

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More than half of clean energy schemes needed for Labour’s 2030 target offered grid connection

The 700 projects include wind and solar farms, battery storage, gas and hydro plans

More than half the renewable energy projects needed to meet the government’s clean power targets by 2030 are now able to plug into the electricity grid after years of delay, according to the system operator.

The National Energy System Operator (Neso) has offered more than 700 clean energy projects in Great Britain a grid connection date since the start of the year, after a two-year process to unblock a bottleneck that threatened to delay projects into the 2030s.

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Β© Photograph: Murdo MacLeod/The Guardian

Β© Photograph: Murdo MacLeod/The Guardian

Β© Photograph: Murdo MacLeod/The Guardian

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Households could save Β£200 on energy bills in plan to break link between gas and electricity prices, says thinktank

Government plan to de-link gas and electricity prices aims to reduce bills for consumers after global surge in prices

Households in England, Scotland and Wales could save nearly Β£200 a year on their energy bills if the government stepped into the market to act as the sole buyer of electricity, according to a thinktank.

The research found that public procurement of electricity, meaning the government would become the β€œsingle buyer” of power before it is resold to consumers, could shave billions of pounds from electricity prices.

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Β© Photograph: Bloomberg/Getty Images

Β© Photograph: Bloomberg/Getty Images

Β© Photograph: Bloomberg/Getty Images

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