All posts tagged: contracts

Danny Trejo’s son says dad is ‘handcuffed’ to Ben Shapiro’s controversial ICE film: ‘People don’t know what goes into these contracts’

Danny Trejo’s son says dad is ‘handcuffed’ to Ben Shapiro’s controversial ICE film: ‘People don’t know what goes into these contracts’

Published by Daniella Wilson

Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Membership today. Join today Already a member? Log in Danny Trejo’s son is pushing back against the narrative that his father knew what he was getting into by signing onto the controversial Daily Wire film Pawn Shop. The 82-year-old Mexican actor came under fire after he was cast in the pro-Immigrations and Customs Enforcement movie, which is being produced by conservative commentator Ben Shapiro’s company. The film is set in Minneapolis in the aftermath of the fatal ICE shooting of Renee Good. Danny denied being “pro-ICE” and said he was “pro immigrant” in a short statement shared last week. But now his son, Gilbert Trejo, is claiming that the Spy Kids actor is being forced to keep quiet due to his contract for the film — and that he was tricked into joining the movie in the first place. “My dad can’t really come out and say how he feels about any of this in any real way,” Gilbert, …

Coinbase Michigan Sports Contracts Wind-Down

Coinbase Michigan Sports Contracts Wind-Down

Published by skeptic

Coinbase Financial Markets Inc. has agreed to stop offering new sports-event contracts to Michigan customers and close remaining open positions by midnight Saturday under an agreement with state regulators, the Michigan Gaming Control Board said. The deal gives Coinbase a firm deadline to wind down the products in the state. In return, Michigan will hold off on enforcement action while Coinbase complies and related appeals continue. Coinbase logo – Photo: Coinbase, Inc What the agreement requires The stipulation covers sports-related event contracts traded on Kalshi and other designated contract markets. Coinbase must stop offering new contracts in Michigan and close out any customer positions still open by the deadline. The agreement does not end the dispute over whether Michigan can regulate event contracts registered with the CFTC as gambling. Instead, it sets an operating restriction for Coinbase while the legal question remains before the courts. Michigan agreed not to take enforcement action against Coinbase so long as the company follows the terms and the related appeals proceed before the U.S. Court of Appeals for the …

Brooklyn Museum, Guggenheim Staff Ratify Second Union Contracts

Brooklyn Museum, Guggenheim Staff Ratify Second Union Contracts

Published by Jenni Sidey

Unionized staff at four of New York’s prominent cultural institutions—the Brooklyn Museum, Guggenheim Museum, the Jewish Museum, and the American Folk Art Museum, and (AFAM)—have ratified new contracts, UAW Local 2110 announced today. The Brooklyn Museum and AFAM finalized four-year contracts this week, while the Guggenheim and Jewish Museum unions ratified their agreements in September. ARTnews has contacted the museums for comment. The Brooklyn Museum’s second contract guarantees annual raises and increases the minimum salaries for full-time positions to between $63,585 and $129,854, depending on position level. The increases take effect retroactively to July 1, and these minimums will rise another 10.34 percent by the end of the contract. Meanwhile, front-facing visitor services and retail associates will earn between $28.69 and $32 per hour by the end of the contract. Related Articles “We are pleased to have negotiated a second contract that preserves the quality of our health care and provides significant wage increases,” Elizabeth St. George, an assistant curator at the Brooklyn Museum, said in a statement. “It was important to us to maintain …

Stock Contracts Draw Regulatory Scrutiny

Stock Contracts Draw Regulatory Scrutiny

Published by skeptic

Polymarket International and Kalshi have pushed their event-contract platforms deeper into stock-linked and corporate-metric wagers, with Polymarket traders placing more than $220 million across roughly 31,000 stock-related markets by early September. The growth has caught the attention of securities lawyers who warn that these prediction markets expanding into company-linked contracts remain far smaller than the underlying stock market but are growing fast enough to raise real investor-protection concerns. Nvidia, Apple and Tesla Lead the Action Polymarket International launched individual-stock contracts in October 2025, and by early September nearly 60% of the more than $220 million wagered had gone into bets on individual-stock price moves, according to an analysis by research firm Allium prepared for Reuters. Nvidia, Alphabet, Apple and Tesla were the most popular names, with the remainder split across ETFs and stock indexes. Traders typically pick yes or no on whether a stock or index hits a set level by a set date. The user interface of the Polymarket prediction market platform. One wallet identified by Allium ran roughly 1,300 trades on Apple contracts …

Robinhood’s Event Contracts Reach 6 Million as Sports Face Scrutiny

Robinhood’s Event Contracts Reach $156 Million as Sports Face Scrutiny

Published by skeptic

Robinhood is widening its prediction-market lineup beyond sports, with crypto-linked event contracts already commanding an outsized share of activity on the platform. CEO Vlad Tenev said as much, according to Zacks Investment Research, and he expects sports to eventually make up a minority of the business. The mix shift comes as the product’s scale becomes hard to ignore: event-contract revenue hit $156 million in the second quarter and contracts traded reached a record 13.6 billion. Robinhood has previously called prediction markets its fastest-growing product line by revenue, and the second-quarter figures back that up – both revenue and volume climbed more than tenfold year over year. In June, the company began routing event contracts to Rothera, described by Zacks as a CFTC-licensed exchange and clearinghouse independently managed through Robinhood’s joint venture with Susquehanna International Group. Rothera generated $17 million of that quarter’s event-contract revenue. Robinhood has also added other routing relationships, including Crypto.com’s prediction-market infrastructure, per the Zacks report, as it builds out a broader ecosystem rather than leaning on a single venue. Sports Contracts …

Kalshi’s Record Weekend Puts Sports Contracts Under Scrutiny

Kalshi’s Record Weekend Puts Sports Contracts Under Scrutiny

Published by skeptic

Kalshi recorded more than $6 billion in combined trade volume over the weekend, with the NFL driving the bulk of the activity, according to data shared by TickerTracker. It’s the platform’s largest weekend on record, arriving just seven days after its previous best. Saturday and Sunday each pushed past $3 billion in Kalshi volume on their own. Saturday came in at roughly $3 billion, with sports accounting for 26.2% of that activity and parlay-style combo contracts making up another 63.6%. Sunday added more than $3.1 billion. That tops the approximately $4.89 billion two-day record Kalshi had set just the prior weekend, a mark that already looked outsized before this one arrived. The broader prediction-market picture tells a similar story. Total contract volume across tracked platforms hit $7.64 billion for Saturday and Sunday combined, up 20% from $6.34 billion the previous weekend, per TickerTracker’s September 21 data. That figure spans all tracked operators, not Kalshi alone, but it underscores how much sports contracts have come to dominate the category since kickoff. Record Growth Meets Legal Pressure …

Robinhood Routes Football Contracts to Crypto.com’s OG.com

Robinhood Routes Football Contracts to Crypto.com’s OG.com

Published by skeptic

Robinhood is expanding its prediction-markets business through a multiyear partnership with Crypto.com and its OG.com platform, and began routing selected football event contracts to OG.com on Sept. 8, according to Reuters and Axios. The move gives Robinhood customers another regulated venue for trading event contracts as the company’s volumes keep climbing – customers traded 13.6 billion contracts in the second quarter alone, and more than 30 billion in the first eight months of 2026. OG.com operates a Commodity Futures Trading Commission-regulated exchange and clearinghouse, and Robinhood is taking equity stakes in both OG.com and its parent, Crypto.com. Financial terms of the deal were not disclosed, though Robinhood said its Crypto.com equity will be priced in line with a recent Citadel Securities investment that valued Crypto.com Group at $20 billion. The OG.com routing doesn’t replace Robinhood’s existing venues – the company said it will continue sending event contracts through Kalshi, ForecastEX and Rothera, the CFTC-licensed exchange and clearinghouse it built through a joint venture with Susquehanna International Group. JB Mackenzie, Robinhood’s vice president and general manager …

States Clash Over Whether Event Contracts Are Gambling

States Clash Over Whether Event Contracts Are Gambling

Published by skeptic

Missouri Attorney General Catherine Hanaway is pursuing cease-and-desist action against prediction-market companies operating in the state, while Montana has agreed to pause enforcement against Kalshi under a stipulation filed in federal court. The developments, reported September 18, 2026, mark the latest moves in a state-by-state fight over how sports event contracts should be regulated. Hanaway told Heartland News that she views sports event contracts as gambling under Missouri law regardless of how prediction markets structure their fees compared with traditional sportsbooks. She said the products function the same way FanDuel and other licensed operators take bets on sporting events, even if the fee model looks different on paper. Missouri’s Enforcement Path Missouri’s stated goal is to bring prediction-market companies under state gaming law and require them to pay gambling taxes. Hanaway said her office is open to a settlement and is hopeful one can be reached, pointing to Kentucky as a state that pursued enforcement earlier this year and is now close to a deal. If no agreement materializes, Hanaway said Missouri will sue. She …

Gradiant secures 0m in semiconductor fabrication contracts

Gradiant secures $300m in semiconductor fabrication contracts

Published by skeptic

Gradiant has won a series of contracts supporting water management at semiconductor fabrication facilities across the US, with the combined value of new agreements reaching $300m since the beginning of 2026. The contracts cover five semiconductor fabrication sites in New York, Virginia, Idaho, and Utah, with projects spanning ultrapure water (UPW), high-recovery wastewater treatment, local scrubber reclaim, and zero liquid discharge (ZLD) systems. The projects are designed to reduce freshwater demand, increase water reuse, and support production at semiconductor facilities operating in increasingly water-constrained environments. Gradiant CEO Prakash Govindan explained: “Water has become one of the defining constraints on how quickly the world can build the chips powering AI data centres, including high-bandwidth memory. “That’s why leading semiconductor manufacturers keep choosing Gradiant: we own the full water cycle, from ultrapure water to the most complex wastewater streams, as one accountable partner. Water will not be the reason a fab falls behind.” Water management across semiconductor fabrication Rather than focusing on one stage of the water cycle, Gradiant will provide a range of technologies across the …

NFL renews push to remove football contracts from prediction markets exchanges

NFL renews push to remove football contracts from prediction markets exchanges

Published by skeptic

The NFL is again asking designated contract markets to pull several types of football-related prediction contracts, making another push as the 2026 season gets underway. A September 3 letter says exchanges are still listing contracts the league flagged in an earlier March 29 request. NFL officials argue those markets could undermine game integrity while exposing players, coaches, officials and exchange participants to additional risks. “It is deeply concerning that bets within the objectionable categories that we identified months ago have been and continue to be listed as contracts on exchanges,” the NFL said in the letter, first reported by Front Office Sports. The NFL sent a letter to all registered DCMs (i.e. prediction market platforms) reiterating the bets it objects to. As @FOS recently reported, there will be no NFL-prediction-market deals when this season kicks off. https://t.co/k1CtcjrZje pic.twitter.com/KzrBRs1zKK — Ben Horney (@BenHorney) September 3, 2026 Four groups of contracts are targeted: outcomes that one person could readily manipulate, subjects the NFL considers inherently objectionable, officiating-related markets and contracts based on information available before the public …