Prediction market Kalshi has permanently banned former Rep. George Santos after finding reasonable cause he bet on whether he would attend Trump's State of the Union address, allegedly netting him nearly $18,000. Kalshi also fined him over $71,000 and separately suspended or penalized several other political candidates, including Ben Midgely, Laurie Buckhout and Stephen Cloobeck, for allegedly wagering on their own races.
BlackBerry's business today centers on secure government communications and its QNX operating system, which powers safety-critical functions like braking and driver assistance in 275 million cars worldwide. CEO John Giamatteo described the shift from the company's smartphone era on a CNBC podcast, positioning BlackBerry as an embedded software provider rather than a device maker.
Prediction market Kalshi has teamed up with The Weather Channel to verify outcomes of trades tied to weather events, including bets on record temperatures and extreme conditions. The partnership aims to add credibility to Kalshi's weather markets by using an established meteorological source for settling wagers.
Kalshi, an online prediction market, announced it has permanently banned former Republican Congressman George Santos after determining he likely used insider knowledge to profit from a bet against his own attendance at the State of the Union address. The company said this marks the first permanent ban it has ever issued.
Homebuilders in several booming Southern housing markets have ramped up construction so aggressively that newly built homes are now priced at or below comparable existing homes. This reverses the usual pattern where new construction commands a premium over older housing stock.
Prediction market Kalshi has permanently banned former congressman George Santos and fined him $71,356, marking the platform's first-ever lifetime ban. Santos had allegedly profited over $17,500 by betting he'd skip the State of the Union due to travel issues, then selling those contracts after claiming publicly he would attend. Kalshi says it flagged the scheme to regulators and imposed the harsher penalty because Santos failed to cooperate fully with its internal investigation.
Kalshi issued its first-ever lifetime ban against former Rep. George Santos and fined him $71,356 for insider trading and market manipulation. Santos had placed bets on whether he'd attend Trump's February 2026 State of the Union address, then posted misleading claims about attending to move contract prices before revealing he was actually at an airport. Kalshi froze his account and referred the case to the CFTC, which he settled with earlier this summer for $35,000.
Huawei has started taking pre-orders in China for its second-generation tri-fold phone, the Mate XT 2, ahead of a formal launch on September 7. The device switches to an inward-folding mechanism that fully shields the inner display, unlike the zig-zag fold on the original Mate XT that left part of the screen exposed, and will come in 16GB/512GB and 16GB/1TB configurations, including a purple variant with a built-in privacy screen.
YouTuber Mark 'Markiplier' Fischbach has purchased an 8.5 percent stake in GoPro, making him the camera maker's biggest shareholder, according to Bloomberg. He told the outlet he views GoPro as undervalued and frames the investment as supporting his broader goal of making filmmaking more accessible, following his debut feature film Iron Lung.
Bloomberg's Mark Gurman reports Apple built and tested a shorter, magnetically attaching Pencil variant designed for its rumored foldable iPhone, expected to launch alongside the device this fall. Gurman notes the accessory isn't expected to ship as a consumer product at launch, citing storage challenges and the fragility of foldable plastic displays.
A federal appeals court ruled Friday that Nevada may enforce its gambling statutes against Kalshi's sports-related prediction contracts, rejecting the company's claim that CFTC oversight shields it from state gaming law. The Ninth Circuit panel called Kalshi's sports event contracts functionally identical to sportsbook bets and dismissed its attempt to distinguish them as disingenuous.
New pricing data tracked across 10 countries shows graphics card prices jumping sharply in the six weeks since the last survey, reversing a modest decline seen earlier in 2026. Nvidia's GeForce lineup appears to be absorbing the steepest increases, based on lowest verified in-stock prices from comparison sites in each region.
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