Prediction Markets and Casinos Are Both Betting Big on Washington

Kalshi spent $990,000 on federal lobbying in the first half of 2026, nearly matching its total for all of last year, as it races to counter the casino industry on Capitol Hill. The prediction market operator and its gambling-sector rivals are both sharply raising spending. Kalshi’s direct lobbying alone nearly matches the American Gaming Association’s, […]

UK Lawmakers Probe 40% Crypto Transfer Blocks as Banking Scrutiny Widens

A cross-party group of U.K. lawmakers has opened an inquiry into banking restrictions affecting crypto companies and their customers. The review will assess whether account closures, payment blocks and transfer limits threaten Britain’s digital asset ambitions. Crypto and Digital Assets APPG Seeks Evidence on Crypto Banking Barriers British lawmakers are investigating whether banks are placing […]

How Much Has the Iran War Cost the US? Defence Secretary Puts a Number on It

The war against Iran has run up a heavy bill for the United States, now pegged at $37.5 billion. The estimate, delivered by Defense Secretary Pete Hegseth, arrives as US strikes on Iran continue for an 11th straight night. US Defence Secretary Puts Iran War Cost at $37.5 Billion Hegseth presented the figure to the […]