Trades News
Latest conceptually matching events and reports for Trades.
Minnesota Becomes First U.S. State to Outlaw Prediction Markets, Triggering Federal Legal Battle.
Minnesota has enacted a strict ban on prediction markets, categorizing them as illegal gambling, but the CFTC has launched a legal challenge, arguing the state is overstepping its jurisdiction and interfering with federal regulatory authority.
US Senate Implements Strict Ban on Member Trading in Prediction Markets.
The U.S. Senate has unanimously passed a rule prohibiting its members from participating in prediction markets like Kalshi and Polymarket, aiming to prevent insider trading and maintain public trust.
US Imposes Sanctions on Chinese Oil Giant Over Iranian Crude Purchases.
The US Treasury has sanctioned Hengli Petrochemical, one of China's largest independent refineries, for its role in generating significant revenue for the Iranian military through oil purchases.
Beyond White-Collar Jobs: Why AI and Robotics are Poised to Transform Skilled Trades.
Simpro Group CEO Fred Voccola predicts that while AI has initially disrupted office jobs, the skilled trade sector—including electricians and plumbers—will face significant automation through robotics within the next decade.
