latest news in economy
US Sports Betting Growth Halts as Prediction Markets Siphon Billions
Washington, Saturday, 5 September 2026.
Legal NFL sports betting will stall at $29.5 billion this season. Unregulated prediction markets have diverted $1.3 billion in tax revenue while attracting over $5 billion from underage gamblers.
Federal Reserve Shifts Strategy to Focus on Artificial Intelligence and Quieter Policy
Jackson Hole, Friday, 4 September 2026.
Federal Reserve Chair Kevin Warsh announced plans to abandon traditional forecasts, leveraging artificial intelligence productivity gains to curb inflation while actively tracking corporate AI pricing models.
How Lower Medicaid Payments for Routine Care Limit Patient Access to Doctors
Fairfax, Friday, 4 September 2026.
A September 2026 study reveals Virginia Medicaid pays over 40% less for routine preventive care than marketplace plans, creating financial disincentives that threaten patient access to doctors.