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Nevada Court Extends Injunction, Kalshi Prediction Market Faces Regulatory Challenges
On April 4, a Nevada state court ruled that the sports contracts offered by Kalshi are “substantially indistinguishable” from sports betting (“sports betting”), and decided to extend the temporary injunction against its related businesses. The court held that buying sports event contracts is essentially equivalent to placing bets on a sports betting platform, and therefore constitutes unlicensed gambling activity. This ruling marks that multiple states in the United States are tightening regulation of predi

IMF Urges Japan to Raise Interest Rates to Tackle Inflation Pressures, Global Economic Volatility Intensifies
Despite the increased risks to Japan's economy from the Middle East conflict, the International Monetary Fund (IMF) still recommends that the Bank of Japan continue to raise interest rates to address mounting inflation pressures. Affected by the conflict, rising oil prices and a depreciating yen have led to higher import costs. The IMF forecasts that although economic growth has slowed (partly due to the Iran war), moderate wage growth will support consumption. It is expected that by

Japan Strengthens Security Protections for Cryptocurrency Exchanges, Adding More Safeguards for Investors' Assets
The Japan Financial Services Agency recently issued new policies, focusing on the cybersecurity of companies such as crypto asset exchanges. To protect investors' assets, it proposes a three-tier security protection system of “self-help, mutual assistance, and government support,” covering coordinated protection among the companies themselves, self-regulatory organizations, and regulatory authorities. The policy notes that the risk of sophisticated attack methods such as social eng

Strait of Hormuz: Iran’s secret weapon, with intrigue hidden in the global oil price crisis
Recent reports indicate that Iran still controls the world’s most important oil transportation route—the Strait of Hormuz—and will not open it in the short term. It has become a key bargaining chip in the standoff between Iran and the United States. It can not only manipulate energy prices, but also force the Trump administration to end a war lasting five weeks. It is worth noting that this war has not won broad support among the American public and may instead strengthen Iran’s influence in the Middl