New Zealand has declared prediction market operators Kalshi and Polymarket illegal under its gambling laws due to their status as unauthorized operators. This decision aligns with Australia’s recent ruling that such platforms constitute gambling, leading to similar regulatory scrutiny. While New Zealand currently monopolizes online wagering through a single platform, this move signals a stricter stance on unauthorized gambling activities.
Regulatory scrutiny of Elon Musk’s companies significantly diminished following the Trump administration’s commencement. Numerous investigations, including those concerning SpaceX, Tesla, and Neuralink, experienced delays or outright termination, coinciding with changes in leadership and policy within relevant federal agencies. A Senate report detailed at least 65 potential federal actions against Musk’s companies totaling $2.37 billion in potential fines before Trump took office, yet his companies have continued to receive substantial government contracts, exceeding $38 billion over two decades. Despite these findings, the White House refuted claims of any misuse of position for personal gain.
John Q. Hosedrinker