Peter Jackson, the chief executive of Flutter Entertainment, FanDuel’s parent company, is fighting for attention as online gambling spreads across the United States.
Category: Regulation and Deregulation of Industry
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Trump Threatens to Cancel Meeting with China’s Xi and Impose New Tariffs
The president raised economic retaliation after Beijing imposed new restrictions on the export of rare earth minerals, which are vital supplies for U.S. automakers and defense manufacturers.
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Kalshi, a Fast-Growing Prediction Market, Raises New Funds
The fund-raising round comes as online prediction marketplaces gain mainstream prominence.
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Germany’s Top Economist Charts a Path Out of Europe’s Crisis
Joachim Nagel, the president of Germany’s central bank, warned against “complacency” in European capitals over tariffs, competition with China and attacks on institutions.
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Crypto Investor Known as ‘Bitcoin Jesus’ Reaches Deal With Prosecutors
In the Trump administration’s latest example of dialing back cryptocurrency enforcement, Roger Ver agreed to pay about $48 million to end a tax fraud case.
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E.U. Proposes 50% Steel Tariffs as Trump Effect Ripples Around World
European officials want to sharply lower the bloc’s quota on tariff-free steel imports, while doubling levies to 50 percent, as President Trump’s tariffs create domino effects.
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How ‘Buy Now Pay Later’ Built a New Culture of Consumption
‘Buy Now, Pay Later’ built a delirious new culture of consumption — and trapped users in a vortex of debt.
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Supreme Court, for Now, Rejects Google Bid to Block Changes to App Store
The emergency order is the latest turn in a longstanding legal dispute between the tech giant and the creator of the popular game Fortnite.
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Is Sports Betting Illegal in Your State? Not if You Call It a ‘Prediction Market.’
Prediction markets like Kalshi, once known for offering wagers on elections, are now in the multibillion-dollar sports betting business and outside the reach of state regulations and taxes.
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How Private Equity Oversees the Ethics of Drug Research
Many drug trials are vetted by companies with ties to the drugmakers, raising concerns about conflicts of interest and patient safety.
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Video Games Have Become the Main Way Boys Socialize. Is That Bad?
They’ve become an important way to spend time with peers. But they’ve also become more addictive.