Category: Semafor

Category Added in a WPeMatico Campaign

Polymarket parent company got Paycheck Protection Program loanPolymarket parent company got Paycheck Protection Program loan

The News Blockratize, the firm that launched Polymarket, received a government loan from the pandemic-era Paycheck Protection Program less than two years before federal regulators fined it $1.4 million for operating an unregistered prediction market. The previously unreported $39,727 loan was approved in June 2020 — the same month Polymarket ...

House pivots to the midterms as members depart for recessHouse pivots to the midterms as members depart for recess

House lawmakers departed Washington on a campaign footing ahead of the five-week-long August recess. House Speaker Mike Johnson is vowing to crisscross the country in support of GOP candidates and incumbents, and he’s framing the midterms as “common sense versus communism” in an effort to hitch Democratic candidates to insurgent ...

Economists predict minor disruption from Trump’s new tariffsEconomists predict minor disruption from Trump’s new tariffs

Economists predicted that the US’ sweeping new tariffs, which take effect Friday, will not seriously disrupt the global economy. Tariffs’ inflationary effects are “likely to have already peaked,” Commerzbank wrote, pointing to the Trump administration’s propensity for exempting key consumer goods and failing to implement certain threatened levies. While higher ...