WS #14823
Regulatory clarity for prediction markets was disrupted as a US Appeals Court ruled that states can regulate event contracts, dealing a blow to Kalshi's business model. Simultaneously, the US 30-Year Yield hit its highest level since 2004, reflecting persistent long-term inflation concerns despite Fed denials. This high-yield environment pressures growth stocks and real estate, while creating uncertainty for financial instruments tied to long-duration rates.
Macro Rates & Regulation
Regulatory clarity for prediction markets was disrupted as a US Appeals Court ruled that states can regulate event contracts, dealing a blow to Kalshi's business model. Simultaneously, the US 30-Year Yield hit its highest level since 2004, reflecting persistent long-term inflation concerns despite Fed denials. This high-yield environment pressures growth stocks and real estate, while creating uncertainty for financial instruments tied to long-duration rates.