Business & Practice

Prediction markets are booming. Wagers on everything from the return of Jesus Christ to who will win the World Cup have driven weekly volumes on platforms like Polymarket and Kalshi into the billions of dollars.

Kalshi Inc. won a temporary reprieve from criminal prosecution in Arizona when a judge suspended the case at the behest of a federal regulator.

When it comes to what you can gamble on these days, all bets are off.

The software problem roiling private markets is about to face a big new test. A wall of debt maturities is looming for the industry just as artificial intelligence threatens to upend entire businesses in what’s been dubbed the SaaSpocalypse.

OpenAI’s handful of new in-house influence operatives indicates the company will take a political-campaign approach to its global lobbying agenda as it and other industry players ramp up in Washington, US states, and abroad.

The leverage-to-buy-Bitcoin model pioneered by Michael Saylor’s Strategy Inc. has spawned yet another web of startups tied to its fortunes — all of them exposed if Bitcoin falls.

Alternative investment managers are pouring unprecedented sums of money into the market for property cover, and reshaping a 180-year-old reinsurance model in the process.

Prediction markets are booming. Wagers on everything from the return of Jesus Christ to who will win the World Cup have driven weekly volumes on platforms like Polymarket and Kalshi into the billions of dollars.

Kalshi Inc. won a temporary reprieve from criminal prosecution in Arizona when a judge suspended the case at the behest of a federal regulator.

The Justice Department announced Friday International Business Machines Corp. will pay more than $17 million to resolve allegations that it violated anti-discrimination requirements in its federal contracts by discriminating against employees and job applicants based on race, color, national origin, or sex.

Nexstar Media Group Inc., the largest owner of local television stations in the US, has embarked on a sweeping effort to limit the reach of national networks like ABC, NBC and CBS through its affiliate stations across the country, according to a regulatory document and people with knowledge of the matter.

PJM Interconnection LLCis seeking 15 gigawatts of new power supplies in an emergency proposal to address potential electricity shortages stemming from the boom in artificial intelligence.

Wall Street banks are starting to test Anthropic PBC’s Mythos model internally as Trump administration officials encourage them to use it to detect vulnerabilities.

Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to an urgent meeting on concerns that the latest artificial intelligence model from Anthropic PBC will usher in an era of greater cyber risk.

A California man sued CBS Interactive Inc. for allegedly using tracking technology from Google LLC and The Trade Desk Inc. to secretly intercept his web browsing data while he visited CBSNews.com.

Cable News Network Inc. must face a proposed class action alleging it shared the personal information of consumers with Microsoft Corp. and adtech companies without consent in violation of California privacy law.

The Foreign Intelligence Surveillance Court has renewed its approval of a controversial spy law that permits US intelligence agencies and law enforcement to collect the communications of foreign citizens in certain circumstances, according to three people familiar with the process.

A homeowner waited too long to file a complaint accusing Better Home & Finance Holding Co. of tracking its website visitors’ activity without their consent, and the record didn’t show that the statute of limitations period should be extended, a federal judge ruled.

A federal appeals court asked a Washington federal judge to further explain his ruling that blocked President Donald Trump from building a 90,000-square-foot ballroom on the site of the demolished White House East Wing.

The Department of Justice hit back at four law firms on President Trump’s target list late Friday in a final written brief before arguing in person next month.

Kalshi Inc. won a temporary reprieve from criminal prosecution in Arizona when a judge suspended the case at the behest of a federal regulator.

The Justice Department announced Friday International Business Machines Corp. will pay more than $17 million to resolve allegations that it violated anti-discrimination requirements in its federal contracts by discriminating against employees and job applicants based on race, color, national origin, or sex.

President Donald Trump is nominating Matthew Schwartz, a Sullivan & Cromwell partner representing him in court, to a seat on the US Court of Appeals for the Second Circuit.

Online firearms marketplace GunBroker.com Inc. doesn’t have to pay $1.5 million to a firm that scouted for its employee retirement plan financing, the Eleventh Circuit said Friday in reversing a jury verdict.