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New Jersey

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World Sports 08 Oct 2026, 10:15 PM IST

NFL Urges Supreme Court to Treat Prediction Markets as Gambling, Backing State Oversight

The National Football League has told the U.S. Supreme Court that sports prediction contracts are effectively gambling and should be regulated by states, sharpening a high-stakes legal fight over the fast-growing market for event-based trading. In an amicus brief supporting New Jersey regulators in their dispute with Kalshi, the league argued that allowing such contracts to operate outside state gambling laws would undermine long-standing protections around sports wagering.

By RDU Global Wire6 min read
Global Markets & Equities10 Oct 2026, 03:31 AM IST

SALT Cap Spurs Tax Planning, With Some High Earners Weighing Marriage Decisions to Preserve Deductions

The federal cap on state and local tax deductions, or SALT, is again reshaping year-end tax planning for affluent households and business owners, with some couples reportedly considering divorce or delaying marriage to preserve access to larger deductions. The issue has gained urgency as the 2026 deduction limit rises to $40,400, but remains constrained by income phaseouts and a complex set of rules that can materially affect after-tax outcomes.

6 min readRead โ†’
India Sports & Cricket09 Oct 2026, 04:35 PM IST

Mandaviya Unveils New Jersey as Indiaโ€™s Para Asian Games Team Gets Warm Send-Off

Indiaโ€™s Para Asian Games contingent received a formal send-off in New Delhi on Wednesday, with Sports Minister Mansukh Mandaviya unveiling the teamโ€™s new jersey ahead of the continental event. Para-badminton star Pramod Bhagat was named flag bearer, underscoring Indiaโ€™s reliance on proven medal contenders as it seeks to strengthen its standing in para sport across Asia.

6 min readRead โ†’
Space Exploration & Commercial Space11h ago

Nor'easter Batters U.S. Northeast With Flooding, Outages and Emergency Declarations

A powerful nor'easter is sweeping across the northeastern United States, bringing coastal flooding, strong winds, heavy rain and widespread travel disruption from Virginia to Maine. New York and New Jersey have declared states of emergency as officials warn of dangerous inundation, power outages and worsening conditions tied to Saturday's full moon.

5 min readRead โ†’
World Politics & Diplomacy9h ago

Natural Diamond Prices Sink to Record Lows as Oversupply and Lab-Grown Gems Reshape the Market

Natural diamond prices have fallen more than 50% from 2021 levels, pressured by a glut of mined stones and the rapid rise of far cheaper lab-grown alternatives. The downturn is forcing a reckoning across the global diamond trade, as consumers rethink value, retailers adapt to new demand patterns, and producers scramble to stabilize a market that has lost much of its pricing power.

7 min readRead โ†’
Global Markets & Equities10h ago

Appeals Court Says States Can Police Kalshi's Sports Contracts, Deepening Prediction Market Legal Fight

A federal appeals court has ruled that Ohio and Tennessee may enforce their gambling laws against Kalshi's sports-related event contracts, handing prediction market platforms another setback as the industry's clash with state regulators intensifies. The unanimous 6th Circuit decision adds to a widening split among federal courts and increases pressure on the U.S. Supreme Court to eventually settle the question.

5 min readRead โ†’

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