United States: Government, Public Sector

The U.S. Court of Appeals for the Ninth Circuit delivered a landmark ruling on Kalshi's challenge to Nevada gaming regulations, addressing whether federal commodity exchange law preempts state authority over sports-related prediction markets. The decision carries significant implications for Tribal gaming sovereignty and the traditional regulatory framework governing sports wagering across state and Tribal jurisdictions. As prediction market platforms continue to test legal boundaries, this case establishes

International cannabis markets face critical political shifts as Brazil, France, and Germany approach elections that could reshape their medical marijuana programs. With right-wing governments already rolling back reforms in Colombia and threatening changes across Europe and Latin America, the durability of cannabis legalization now depends heavily on who controls government power.

The White House has issued an executive order directing the Treasury Department to formally advise financial institutions about risks tied to unauthorized workers and their employers exploiting the US financial system. This directive marks a significant shift in how federal authorities approach immigration enforcement through financial regulatory channels.