Regulation Clash: New York sued prediction market platform Kalshi, arguing it’s an unlicensed gambling operation and asking a court to halt services, force forfeiture of illegal gains, and order restitution—setting up a high-stakes fight over who regulates the fast-growing betting-on-outcomes business. Monetary Policy Watch: After the Fed held rates, markets shifted toward a “twist” steepening in the Treasury curve, while Cleveland Fed President Beth Hammack said inflation is still too high and she voted for a hike—fueling renewed debate over Fed credibility. Crypto & Payments: Circle won a limited-purpose trust charter from New York’s financial regulator (NYDFS) for Circle New York Trust, strengthening oversight for USDC as stablecoin use expands; meanwhile Coinbase shares slid after a wider-than-expected quarterly loss as crypto trading stayed soft. AI, Energy, and Markets: Amazon shares jumped on AWS growth and AI-driven demand, even as investors weigh heavy capex and free-cash-flow pressure; Ecolab’s CEO highlighted major water-focused spending tied to AI-era industrial needs. Local Business & Consumer Issues: NYC is investigating complaints about Sail4th 250 “Premier Access” ticket cancellations where refunds were denied, and the state is also weighing broader consumer protection as new rules roll out. Sports Business: The New York Mets inked Novig as a prediction-market partner, underscoring how quickly sports wagering ecosystems are evolving even as regulators move to rein them in.