Commodities Rally

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Nevada Court Blocks Polymarket, Citing Precedent in Crypto Prediction Market Crackdown

A Nevada judge has barred prediction market platform Polymarket from operating in the state, leaning on recent federal rulings against similar platforms. The decision marks a significant setback for the company's regulated U.S. relaunch and underscores the ongoing legal tension between state gambling laws and federal commodities regulations.

Business

Warsh Nomination Sparks Dollar Surge, Sends Precious Metals Tumbling

The U.S. dollar staged a sharp rally Friday, while gold and silver prices plunged, following President Trump's nomination of former Fed Governor Kevin Warsh to lead the central bank. The move, interpreted as a hawkish signal for monetary policy, combined with strong economic data to reshape market expectations.