US Sues Illinois Over Prediction Market Regulation
The US government has filed a lawsuit against Illinois to halt state efforts to regulate prediction markets like Kalshi and Polymarket, citing federal authority under the CFTC.
Category : Regulations
Kentucky Law Shields Bayer from Roundup Cancer Lawsuits
Kentucky lawmakers override governor's veto to pass law protecting Bayer from state lawsuits alleging Roundup weedkiller causes cancer, as Supreme Court prepares to hear pivotal case.
Thames Water Close to Deal Suspending Ofwat Fines Until 2030
Thames Water is reportedly nearing a deal with regulator Ofwat to avoid new fines for four years, contingent on investment commitments, as creditors aim to prevent temporary renationalisation.
Government Crackdown on Subscription Traps to Save Millions
New regulations will require companies to send reminders before trials end and contracts renew, with a 14-day cooling-off period, aiming to save consumers £400 million annually.
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New Subscription Rules to Save Consumers £400 Million
The UK government announces new consumer protection rules targeting subscription traps, requiring easier online cancellations and reminders before auto-renewals.
UK Government Crackdown on Subscription Traps Begins
New regulations will force firms to send reminders before trial periods end and make cancellations easier, saving consumers an estimated £400 million annually.
Microsoft Faces UK Competition Probe Over Business Software
The UK's Competition and Markets Authority launches a strategic market status investigation into Microsoft's business software ecosystem, including Word, Excel, and Teams, to assess licensing practices and cloud competition concerns.
Car Finance Scandal: FCA Sets £7.5bn Payout Scheme
The Financial Conduct Authority finalises a redress scheme for car finance victims, offering average payouts of £830 but reducing eligible loans from 14m to 12.1m contracts.
Australia Bans Card Surcharges from October
The Reserve Bank of Australia has announced a ban on credit and debit card surcharges starting in October, aiming to simplify payments for consumers and businesses.
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FCA Car Finance Scheme Excludes Two Million Drivers
The FCA has approved a £7.5 billion compensation scheme for unfair motor finance deals, offering average payouts of £829, but two million fewer drivers will qualify than initially proposed.
Car Finance Compensation: How Redress Works and Eligibility
The Financial Conduct Authority finalises a compensation scheme for 14 million mis-sold car loans, with payouts averaging £700. Learn how the process works and who is eligible.
FCA to Release Final £700 Car Finance Compensation Plan Monday
Millions of drivers mis-sold car loans will learn final compensation details on Monday, with average payouts of £700. The FCA's definitive scheme covers deals from 2007 to 2024.
Just Eat and Autotrader Under CMA Investigation for Reviews
The Competition and Markets Authority has launched investigations into five UK firms, including Just Eat and Autotrader, over potential breaches of consumer laws regarding fake and misleading online reviews.
Just Eat and Autotrader Among Firms in CMA Review Probe
The Competition and Markets Authority has launched investigations into five companies, including Just Eat and Autotrader, over potential breaches of consumer laws regarding fake and misleading online reviews.
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CMA Investigates Autotrader, Just Eat for Fake Review Failings
The Competition and Markets Authority has launched investigations into five firms, including Autotrader and Just Eat, over concerns they failed to tackle fake and misleading online reviews, threatening consumer trust.
JustEat and Autotrader in CMA Fake Reviews Investigation
The Competition and Markets Authority is investigating five companies, including JustEat and Autotrader, for potential fake and misleading reviews under consumer law.
Just Eat, Autotrader Among Five Firms in CMA Online Reviews Probe
The Competition and Markets Authority has launched investigations into Just Eat, Autotrader, Dignity, Feefo, and Pasta Evangelists over potential breaches of consumer laws regarding fake and misleading online reviews.
CMA Crackdown on Fake Reviews Targets Autotrader and Just Eat
The Competition and Markets Authority has initiated a sweeping investigation into fake reviews on platforms like Autotrader and Just Eat, aiming to protect consumers from misleading online content.
Guardian Corrects Oxford Street Photo in Consumer Confidence Article
The Guardian has issued a correction for a photograph used in a business story about UK consumer confidence, clarifying it depicted an artificial street scene on Oxford Street.
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Ticketmaster's Sneaky Fee Workaround After US Ban
Ticketmaster reportedly raised other fees to offset revenue lost from banned 'junk fees,' potentially violating FTC rules. This comes as parent company Live Nation faces an antitrust trial.
Pension Schemes Bill Clears House of Lords Third Reading
The Pension Schemes Bill has passed its third reading in the House of Lords, moving closer to law. It aims to improve defined contribution pensions with better information and returns, but faces controversy over mandatory investment powers.
Insider Trading Fears Over $1M Iran War Bets and Market Moves
Concerns about insider trading have intensified after a trader made nearly $1 million with highly accurate bets on Iran conflict events, alongside unexplained market activity minutes before Trump's diplomatic announcement.
MPs Urge Halt to Palantir's FCA Data Access Over Security Fears
UK MPs call for investigation into Palantir's contract with the Financial Conduct Authority, citing risks from the Trump-linked firm's access to sensitive financial data.
Fever-Tree Profits Slump 16% in Packaging Tax Row
Premium mixer brand Fever-Tree reports a 16% annual profit decline to £42.4m, citing a contested £2.8m packaging tax and US partnership integration costs with Molson Coors.
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Vets Must Cap Prescription Fees and Publish Price Lists
The Competition and Markets Authority introduces reforms requiring veterinary practices to cap prescription fees and publish detailed price lists to enhance transparency and competition for pet owners.
Vet Price Caps and Transparency Rules Announced by CMA
The Competition and Markets Authority has announced legally binding reforms for veterinary practices, including prescription fee caps, mandatory price lists, and ownership transparency to help pet owners.
Veterinary Industry Overhaul as CMA Exposes Price Gouging
A Competition and Markets Authority report reveals pet owners are paying excessive fees, with prices up 63% since 2016. The £6.7bn industry faces new transparency rules.
Bipartisan Bill Seeks Ban on Sports Betting Prediction Sites
Senators Adam Schiff and John Curtis propose legislation to prohibit sports betting on platforms like Kalshi and Polymarket, citing addiction and consumer risks amid regulatory disputes.
Palantir Gains Access to Sensitive FCA Data in UK
Palantir secures a major contract with the Financial Conduct Authority, providing the AI firm with deep insights into UK financial operations and raising concerns over privacy and criminal exploitation.
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Treasury Forecasts £1.8bn Business Rates Rebate for Companies
Government modelling reveals around £1.8 billion in business rates payments expected to be returned to firms following valuation changes and appeals process.
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