Prediction Markets Face Gambling Regulation After Appeals Court Rulings

Federal appeals courts have issued conflicting decisions regarding the regulation of prediction markets, with one ruling stating they should be regulated as gambling. This split has prompted calls for the Supreme Court to resolve the issue.

Meanwhile, other consumer protection measures are being implemented. The UK government is launching a clampdown on "cowboy builders" with a new database of trusted tradespeople and a system to protect customer funds. In the US, a significant settlement with Meta has raised concerns about the company's ability to retain certain data from children under 13 for model training, highlighting a potential trade-off in privacy protections.