Beaver County’s population has been declining since the steel mill there closed 40 years ago. The shift to plastic manufacturing isn’t panning out, so some residents are investing in a different kind of economic model.
The war in Iran has cost the global oil supply roughly 15 million barrels a day, or 15%, so far. A shock that poses a “major, major threat” to the global economy, said Fatih Birol, the head of the the International Energy Agency.
Prediction markets are regulated by the federal Commodities Futures Trading Commission, even in states that don’t allow gambling. That could spark a legal battle to define an industry with little oversight in fields from sports to national security.