Skip to content
Search

Latest Stories

Follow Us:
Top Stories

Read More

Kalshi Wants to Help Americans Hedge Risk. Lawmakers Say It’s Just Gambling with a Different Name

Senator Adam Schiff, D-Calif, speaks at the Brookings Institution panel to make the case for regulating prediction markets such as Kalshi and Polymarket

(Erika Tulfo, Medill News Service)

Kalshi Wants to Help Americans Hedge Risk. Lawmakers Say It’s Just Gambling with a Different Name

WASHINGTON – Prediction market platforms like Kalshi and Polymarket are facing mounting pressure in Congress as lawmakers debate whether the platforms should be treated as financial exchanges or gambling operations.

The platforms allow users to bet on real-world events from sports to politics, which are classified as a type of financial derivative overseen by the United States Commodity Futures Trading Commission.

Keep ReadingShow less
A woman with an empty wallet spent on shopping. Bankrupted woman sitting with her shopping bags

President Donald Trump says Americans’ financial struggles matter “not even a little bit” as inflation rises, gas prices surge, and a controversial $1.7 billion taxpayer-funded compensation plan for political allies emerges.

Getty Images, Twenty47studio

Trump Says Americans’ Pain ‘Doesn’t Matter’ as $1.7B Aids His Allies

Perhaps the most effective ad in the 2024 campaign was “Kamala is for they/them. President Trump is for you.” Since that ad ran, the American people have learned that it is anything but true.

With gas prices having surged 28% in two months, inflation climbing to a three-year high of 3.8%, and the average family is spending an estimated $5,000 more this year than last due to rising costs across the board, a reporter asked Trump a simple question: To what extent are Americans’ financial situations motivating him to reach a deal to end the war in Iran?

Keep ReadingShow less
Fueling the Future: The Debate Over California’s Gas Tax and Transportation Funding
person in red shirt wearing silver bracelet holding red and black metal tool
Photo by Wassim Chouak on Unsplash

Fueling the Future: The Debate Over California’s Gas Tax and Transportation Funding

This nonpartisan policy brief, written by an ACE fellow, is republished by The Fulcrum as part of our partnership with the Alliance for Civic Engagement and our NextGen initiative — elevating student voices, strengthening civic education, and helping readers better understand democracy and public policy.

Key Takeaways

Keep ReadingShow less
A café owner hangs an “Open” sign on the front door at the start of the business day. Concept of entrepreneurship and readiness.
Getty Images, Willie B. Thomas

Cassidy’s Latest Chance To Boost The Small Businesses He Has Long Championed

When election season rolls around, voters are accustomed to hearing politicians proclaim their support for small businesses–institutions that routinely top Gallup’s list of America’s most trusted by a country mile.

It’s easy to talk the talk during campaign season. It’s much harder to do the work when the cameras are off, and the spotlight fades.

Keep ReadingShow less