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Bowman said reacting to the inflation surge, driven primarily by energy prices and tariffs, has proven ineffective.

It marks the seventh state the commission has sued in a dispute over who has the right to regulate event contract platforms.

Bill Miller, American Gaming Association president and CEO, added that prediction market platforms in his view amount to "backdoor sports betting."

Chinese electric car company Nio has launched two lower-priced brands in the last two years to broaden its customer base in a sluggish Chinese consumer market.

The complaint from the Southern District of New York comes just over a month after another insider trading case on Polymarket.

Despite reports Iran could return the passageway to normal traffic flows within a month of a peace deal, Kalshi traders thought that was unlikely.

A $20 billion deal would be among the largest in JPMorgan's history and could invite regulatory scrutiny given its position as the largest U.S. bank by assets.

The new products allow customers to create AI assistants capable of carrying out investing strategies or spending instructions with minimal human involvement.

Mainland China-based chip giants such as Cambricon saw their shares tumble on Wednesday.

China’s industrial profits grew at their fastest pace in over two years in April, buoyed by stronger exports, higher producer prices and gains in upstream industries.

Low manufacturing costs in China are keeping many European businesses' supply chains in the country despite pressure in the EU to reduce overseas reliance.

Prolonged closure of Strait of Hormuz could send crude oil prices to new highs this summer.