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World Economy Apr 06, 2026

Federal Appeals Court Rules New Jersey Cannot Regulate Kalshi's Prediction Market

A federal appeals court has ruled that New Jersey cannot regulate Kalshi's prediction market, citin…
A federal appeals court has ruled that New Jersey gaming regulators cannot prevent Kalshi from allowing people in the state to use its prediction market to place financial bets on the outcome of sporting events. The decision marks a significant victory for Kalshi and similar prediction market operators.The three-judge panel of the Philadelphia-based third US circuit court of appeals ruled 2-1, finding that the US Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction over the sports-related event contracts that Kalshi allows people to trade on its platform.This ruling is a major setback for states like New Jersey, which had argued that firms like Kalshi were operating without required state licenses, in violation of gaming laws, including bans on wagers by those under 21. New Jersey had sent Kalshi a cease-and-desist letter last year, stating that its listing of sports-related event contracts on its platform violated state gambling laws.Kalshi had sued the state, arguing that its event contracts qualify as “swaps”, a type of derivative contract, that under the Commodity Exchange Act can only be regulated by the CFTC, which had granted the company a license to operate a designated contract market (DCM).The ruling was in line with the position advanced by the CFTC under Donald Trump’s administration. The regulator sued Arizona, Connecticut, and Illinois last week to prevent them from pursuing what it called unlawful efforts to regulate prediction markets.“Congress gave the CFTC exclusive jurisdiction over trades on DCMs, and this decision affirms the goals of Congress,” said Brooke Nethercott, a CFTC spokesperson.However, US circuit judge Jane Richards Roth dissented, saying Kalshi was facilitating gambling and that its “offerings were virtually indistinguishable from the betting products available on online sportsbooks, such as DraftKings and FanDuel”.The New Jersey attorney general's office said it was evaluating its options, including potentially asking the full third circuit to rehear the case.
#kalshi #state #new
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World Economy Apr 06, 2026

Thousands of Unregulated Substances Tested in Labs Amid Peptide Craze

The peptide-testing industry has expanded rapidly as demand for unregulated substances claiming to …
The peptide-testing industry has seen a significant surge in demand, with laboratories testing thousands of unregulated substances claiming to support weight-loss and wellness. This growth is largely driven by the injectable peptide craze, with experts warning about the lack of reliable safety data and quality control.Peptides are short chains of amino acids, which can be found naturally in the body or made synthetically in laboratories. They include active ingredients in prescription weight-loss drugs, such as Wegovy, as well as experimental compounds pushed online by the booming biohacking and anti-ageing industries.Laboratories, such as Finnrick in Texas, have reported a substantial increase in testing requests, with around 60,000 samples processed annually, including roughly 2,000 orders from the UK since 2024. About a third of the products analysed failed basic quality checks, with issues including incorrect identity, purity, and quantity.Experts, including Dr. Luke Turnock and Peter Magic, have highlighted the risks associated with these unregulated substances, including potential long-term harms such as increased cancer risk and damage to organs. The large profit margins have also drawn nefarious actors into the supply chain.The UK is a significant market for peptides, with 2,000 testing orders since 2024, tied with Canada for third place globally. The Royal Pharmaceutical Society's Prof Amira Guirguis emphasized the need for oversight, traceability, and quality assurance in the peptide market.
#peptides #you #peptide
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Technology Apr 06, 2026

Polymarket Halts Betting on US Pilots' Fate After 'Disgusting' Backlash

The online betting platform Polymarket has stopped accepting wagers on the rescue of US warplane cr…
Online betting platform Polymarket has come under fire for allowing users to wager on the fate of US pilots shot down in Iran. The platform has since halted the bets and promised to investigate how they were allowed to happen. The controversy began when US Representative Seth Moulton publicly denounced the practice, calling it 'DISGUSTING' that people were betting on the pilots' rescue while search efforts were still underway. Moulton, a veteran of the US Marine Corps, expressed his outrage on social media platform X. The incident involved an F-15E Strike Eagle jet shot down by Iranian military forces, with one pilot rescued within seven hours and the other rescued on Sunday, as announced by Donald Trump on his Truth Social platform. Polymarket initially allowed users to bet on the timing of the rescues, with most wagers predicting they would occur by Saturday. However, after Moulton's criticism, the platform quickly removed the market, stating it did not meet their integrity standards and vowed to investigate. Moulton did not stop there, calling on Polymarket to deactivate hundreds of other war-related wagers, accusing the company of having 'severely lacking' integrity standards. He also mentioned that Donald Trump Jr, the president's oldest son, is an investor in Polymarket, which Moulton referred to as a 'dystopian death market'. This incident is not the first time Polymarket has faced scrutiny. In March, some users generated international headlines by sending threatening messages to an Israeli journalist after betting on a missile strike near Jerusalem. The controversy surrounding prediction markets like Polymarket has drawn congressional attention, with lawmakers introducing proposals to ban betting on certain topics, including sports, government actions, and events 'ripe for rigging'. US Senator Chris Murphy stated that such markets risk 'corrupting the soul of America' by turning life-and-death events into financial products.
#polymarket #moulton #iran
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Politics Apr 06, 2026

Utah Shields Fossil Fuel Companies from Climate Damage Lawsuits

Utah has passed a law shielding fossil fuel companies from civil and criminal liabilities related t…
Utah has enacted a law that effectively shields fossil fuel companies from legal accountability for climate damages. The legislation, signed by Republican Governor Spencer Cox, limits the ability of residents to sue these companies for their role in contributing to climate change. The new law is part of a broader effort by the fossil fuel industry and its allies to secure legal immunity in statehouses and Congress. This push is aimed at countering a wave of litigation filed by states, subnational governments, and individuals who claim that fossil fuel companies knew their products would cause climate damages but sold them anyway. Critics argue that the law prioritizes profits for the biggest polluters over communities already suffering from climate impacts. The law requires challengers to provide 'clear and convincing evidence' that damage or injury has resulted directly from a violation, making it virtually impossible to successfully sue polluters for climate damages. The legislation was sponsored by Republican Representative Carl Albrecht, who has received funding from oil and gas interests. Albrecht's ties to the industry have raised concerns about the bill's motivations. The law closely mirrors a model policy called the Energy Freedom Act, circulated by the conservative group Consumers Defense, which has financial ties to a group linked to Leonard Leo, a key figure in the far-right takeover of the Supreme Court. The passage of Utah's law comes as climate lawsuits against big oil companies are inching closer to trial. Seventy cities, states, and individuals have sued energy majors for allegedly deceiving the public about the climate crisis. New York and Vermont have also passed climate 'superfund' laws requiring major polluters to pay for damages caused by their past planet-heating pollution. Lawmakers and advocates have amassed evidence that oil companies intentionally covered up the climate harms of their products. Climate science continues to warn that fossil fuels are the primary cause of dangerous global warming. Critics argue that the fossil fuel industry is pushing for immunity because it knows it cannot win on the merits of its case.
#Utah Legislature #ExxonMobil #Chevron
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Sports Apr 06, 2026

Spanish Coaching Blueprint Outshines German Man‑Marking as Europe’s Champions League Powerhouse

The article argues that Spain’s possession‑based, positionally disciplined coaching model has becom…
German coaches have long joked about “following your opponent into the loo”, a tongue‑in‑cheek reference to the old‑fashioned man‑marking system that once defined their defensive work‑rate. That approach resurfaced after Atalanta’s surprise Europa League triumph in 2024, but the tactic proved disastrous when the Italian side faced Bayern Munich in the Champions League round‑of‑16, suffering a 10‑2 aggregate defeat that highlighted its limitations against superior individual talent.While a few Bundesliga sides have begun to experiment with tighter marking again, the author warns that such a strategy can only serve as a short‑term surprise element – it cannot sustain a full 90‑minute match on a pitch that is simply too large for pure man‑to‑man battles.In contrast, Spanish teams continue to perfect a ball‑oriented defensive structure built on clearly defined positions, coordinated movement and a collective “swarm” that shifts the battle into the opponent’s half. This philosophy demands constant cooperation and tactical intelligence, turning one‑on‑one duels into moments of brilliance rather than the default defensive method.The results speak for themselves: Spanish clubs have captured 24 titles across the Champions League, Europa League and Cup Winners’ Cup since 2000, far outpacing England’s 11, Italy’s five and Germany’s four. Over the past twelve seasons, La Liga has supplied the Champions League winner in seven instances, and this year it again provides the most quarter‑finalists – Real Madrid, Barcelona and Atlético Madrid.Even when Spanish clubs are not the outright favourites, their influence permeates the competition. Managers such as Mikel Arteta and Luis Enrique, both products of the Barcelona coaching lineage, embed the Spanish style into English and French clubs respectively, while still adding their personal nuances.Spanish coaches now dominate the European scene: in the last‑16 stage of the three major tournaments, eleven managers are Spanish, more than double the count from any other nation, and three Spaniards are already represented in the quarter‑finals.Notable figures include Xabi Alonso, who halted Bayern’s dominance with Bayer Leverkusen, Unai Emery, who consistently elevates second‑tier clubs like Aston Villa, and Cesc Fàbregas, who is reshaping Serie A with Como. Even Pep Guardiola, after a rare Champions League exit, is reinventing his Manchester City side with fresh personnel and tactical tweaks, proving that even the most successful systems must evolve.At the national level, Luis de la Fuente has overseen Spain’s rise to European glory, guiding the senior side to the 2024 Euro title and adding two more continental crowns in the past five editions – a dominance unmatched since Germany’s golden era of the 1970s‑80s.By contrast, Italy’s historic football school appears to be in decline. No Italian club has reached this year’s Champions League quarter‑finals, and the national team failed to qualify for the World Cup for the third consecutive time, underscoring a widening gap between the Spanish and Italian models.The resurgence of man‑marking in Germany, even among elite defenders like Vincent Kompany at Bayern, hints at a possible tactical swing, but the author cautions that without a broader strategic framework it may prove as fleeting as the Atalanta experiment.Ultimately, the article posits that the Spanish coaching philosophy – a blend of technical excellence, positional discipline and collective intelligence – has become the benchmark for European success, leaving rivals to either adapt or risk obsolescence.
#Real Madrid #FC Barcelona #UEFA Champions League
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World Economy Apr 05, 2026

Nepal Moves to Two‑Day Week as Fuel Shortage Worsens Amid US‑Israel Conflict with Iran

Facing a severe fuel shortage linked to the US‑Israel war with Iran, Nepal’s government has reduced…
Nepal’s cabinet approved a shift to a five‑day work week for government offices and schools, extending the weekend to both Saturday and Sunday in response to an escalating fuel crisis. Government spokesperson Sasmit Pokharel told reporters that the decision was taken because “the present uncomfortable situation caused by fuel supply” necessitates closing public institutions for two days each week. Previously, civil servants enjoyed only a single day off on Saturday; offices will now operate 9 a.m. to 5 p.m., Monday through Friday. Pokharel added that the government is also examining legal avenues to convert petrol and diesel vehicles to electric power, though details remain pending. Nepal, a landlocked country of roughly 30 million people, imports virtually all of its fossil fuels from India, leaving it highly vulnerable to international price shocks. The ongoing US‑Israel war with Iran has sharply curtailed global oil supplies, causing Nepal’s aviation fuel prices to almost double in a single day. The state‑owned Nepal Oil Corp reported heavy losses on petroleum products despite modest price hikes, prompting authorities to sell half‑filled cooking‑gas cylinders last month to deter hoarding and panic buying. Tourism, a cornerstone of Nepal’s economy, faces a new threat as airlines raise airfares following the steep rise in aviation fuel costs. Higher travel expenses could dampen inbound visitor numbers, compounding economic pressures. The fuel crunch stems from the broader Middle‑East turmoil that intensified after the United States and Israel launched a joint offensive against Iran on 28 February. Tehran’s retaliatory drone and missile strikes across the region have disrupted global markets and aviation, amplifying the scarcity of fuel supplies that ripple to landlocked neighbours like Nepal. By shortening the work week, the Nepali government hopes to reduce non‑essential fuel consumption, ease pressure on already strained energy imports, and buy time for longer‑term solutions such as electrification of transport.
#nepal #iran #tourism
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News Apr 05, 2026

US and Israel Escalate Attacks on Iranian Universities and Infrastructure

The US and Israel have intensified their attacks on Iranian universities, research centers, and inf…
The conflict between Iran, the US, and Israel has taken a severe turn with a series of coordinated attacks on Iranian universities and infrastructure. A research center at Shahid Beheshti University in Tehran was recently bombed, leaving it in ruins. This attack is part of a larger pattern of civilian sites being targeted by the US and Israel. Over 30 universities have been impacted since the start of the war on February 28, according to Hossein Simaei Saraf, the Iranian minister of science, research, and technology. The attacks have not only damaged educational facilities but also research centers, including those working on domestically made satellites and infectious diseases. The Pasteur Institute in Tehran, a renowned center for vaccine development and biological products, was also attacked, sustaining significant damage and disrupting health services. The World Health Organization (WHO) confirmed the damage and noted that no casualties were reported. In addition to educational and healthcare facilities, over 20 healthcare facilities have been targeted since March 1, according to WHO Director-General Tedros Adhanom Ghebreyesus. The attacks have also affected schools, houses, and businesses, resulting in over 2,000 deaths and widespread destruction. The economic sector has not been spared, with petrochemical and steel factories being destroyed in recent bombardments. The US and Israel have also targeted critical infrastructure, including power plants and water desalination plants, which are civilian targets protected under international law. The Iranian government and the Islamic Revolutionary Guard Corps (IRGC) have vowed to retaliate and escalate attacks across the region. The situation has drawn international condemnation, with over 100 US legal experts expressing concerns about potential war crimes and violations of international humanitarian law.
#iran #tehran #israel
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World Economy Apr 05, 2026

Big Tobacco Whistleblower Draws Parallels Between Social Media and Cigarette Addiction

Jeffrey Stephen Wigand, a key whistleblower in the tobacco industry trials of the 1990s, discusses …
Jeffrey Stephen Wigand, a biochemist who helped reveal how tobacco companies targeted children and hid the addictive nature of cigarettes, has been drawing parallels between the tobacco industry and social media companies. Wigand, who played a crucial role in the landmark tobacco trials of the 1990s, believes that social media companies have similarly designed their products to be addictive, particularly targeting children.The recent verdict in a major social media trial, which found Meta and YouTube liable for their role in creating addictive products, has strengthened comparisons to the legal crackdown on big tobacco. Wigand sees it as a similar situation, where companies prioritize profits over people's well-being. He notes that both industries use advertisements to target children, with social media companies using data to create addictive algorithms.Wigand's experience in the tobacco industry informs his perspective on social media. He was hired by Brown & Williamson (B&W;) in 1989 to develop a safer cigarette but was fired after raising concerns about carcinogenic substances in cigarettes. He then publicly declared that the tobacco industry was a 'nicotine delivery business' and helped the federal government in its investigations.Wigand believes that social media companies, like tobacco companies, intentionally addict people, especially children, to generate revenue. He emphasizes that brain development in children makes them vulnerable to addiction, and that social media companies exploit this vulnerability.The tobacco industry faced significant reforms and financial penalties following Wigand's whistleblowing. He hopes that similar actions will be taken against social media companies, including putting guardrails on access for children and holding companies accountable for their role in creating harm. Wigand's message to tech workers considering becoming whistleblowers is to carefully weigh the personal costs and prepare for the challenges that come with speaking out.
#whistleblower #meta #youtube
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Politics Apr 05, 2026

UK to Drop Foie Gras and Fur Import Bans for EU Trade Deal

The UK government has decided to back down on its commitment to ban foie gras and fur imports in or…
The UK government has announced that it will not pursue a ban on foie gras imports and will not restrict fur imports, citing the need to prioritize trade agreements with the EU. This decision reverses a previous commitment to restrict the import of these products, which are often associated with animal cruelty.The move has been criticized by animal welfare charities, who argue that the UK's high animal welfare standards should not be compromised for the sake of trade agreements. The RSPCA and other organizations have expressed disappointment and concern about the impact on animal welfare.The UK had previously banned fur farming in 2000 and the production of foie gras in 2006, but imports of these products have continued. The EU has made it clear that it will not allow member states to ban each other's products on animal welfare grounds, which has limited the UK's ability to restrict imports.The decision is seen as a significant concession to the EU as the UK seeks to secure a trade deal. The government has stated that it is prioritizing economic growth and has set up a working group to examine the fur industry.Animal welfare charities and some businesses are urging the government to reconsider its decision and maintain its commitment to banning these products. Some restaurants and shops have already removed foie gras from their menus and shelves, citing concerns about animal welfare.
#UK government #European Union #foie gras
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