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Prediction markets may finally get their day at the nation's highest court. New Jersey last week petitioned the Supreme Court for a writ of certiorari in its ongoing case against Kalshi, handing the justices a chance to weigh in on whether these financial instruments belong under federal or state jurisdiction. The outcome could reshape an entire emerging industry.
Shifting to the world of finance and crypto, Better Mortgage and Coinbase are rolling out bitcoin-backed home loans with a catch worth understanding. The lender can actually reuse the bitcoin you pledge as collateral, and borrowers cannot reclaim their crypto until the conventional mortgage is fully repaid or refinanced. It is an unusual arrangement that blurs the line between traditional lending and digital assets in ways regulators will likely be watching closely.
And Travis Kalanick is back with ambitions that sound familiar. His company Atoms is reportedly eyeing the robotaxi space, with Kalanick himself describing it as a chance to finish what he started during his time at Uber. Whether the market has room for another autonomous vehicle contender is very much an open question.
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