Spain stocks lower at close of trade; IBEX 35 down 0.26%

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• Utah charges Kalshi and its CEO with illegally promoting online gambling

  State regulators across the country are intensifying their crackdown on prediction market platforms, challenging whether these services function as federally protected derivatives or illicit betting operations. This latest enforcement action targets executive leadership directly as states attempt to establish local authority despite federal oversight claims. The outcome could reshape how prediction platforms navigate conflicting state and federal regulatory frameworks nationwide.

  1 min read
• Google drags down Wall Street stocks

  Heavy spending on artificial intelligence and disappointing earnings from major tech firms have triggered broader skepticism about the profitability of the sector's costly capital investments. The resulting rout spilled beyond technology leaders into industrial manufacturers grappling with elevated borrowing costs. This market retreat coincided with the Federal Reserve holding interest rates steady as persistent inflation counters robust domestic economic expansion.

  2 min read
• Some investors have midterm election jitters. Here’s what history shows about stocks

  Widespread voter anxiety surrounds key issues like affordability and geopolitical conflict as polling indicates Democrats could break unified Republican control in Washington. While elevated pre-election volatility routinely unnerves market participants, historical equity patterns show that market turbulence typically subsides once election outcomes are finalized. Furthermore, long-term market data suggests that political gridlock under a divided government often shields the broader economy from aggressive partisa…

  6 min read