Former solicitor general Elizabeth Prelogar is writing justifications for prediction market gambling apps, joining several Biden administration colleagues defending the industry.
consumer protection
Posted inEconomic Policy
Anti-Monopoly Bill Hits Make-or-Break Moment in California
Advocates have gained momentum to beef up the state’s primary antitrust law, but the largest companies in the nation are trying to stop it.
Posted inEconomic Policy
New York City Wants to End Surveillance Pricing
States have attempted to prevent companies from using personal information to set prices. New York City wants to give the public a chance to enforce the law.
Posted inMoney, Politics, and Power
‘Magic Pill’ or Placebo?: Black Politicians and the Crypto Lobby
Young Black congresspeople are winning their seats with support from the crypto industry. But can investing in crypto help close the racial wealth gap?
Posted inEnergy and the Environment
Blackstone’s Utility Gambit in New Mexico Could Slip Away
Both the firm and the utility company it’s trying to take private face potential maximum fines and a hard reset of the acquisition process for flouting New Mexico state law.
Posted inPodcasts
Organized Money: California Dreamin’ … of a Slush Fund for Uber
Regulatory capture could be the grandest scam ever, and California is the Wild West.
Posted inPolitics
The Candidate Pitching Single-Payer—for Disaster Insurance
In the low-profile race for California insurance commissioner, Jane Kim wants to borrow from other countries to solve a crisis in the homeowner’s insurance market.
Posted inEconomic Policy
When Consumer Protection Stops, Scammers Run Amok
Hundreds of consumers have complained to the CFPB about a credit card for rental payments called Bilt. But the agency has been prohibited from responding.
Posted inEnergy and the Environment
How to Save Americans $70 Billion
With five minor tweaks to existing utility law—and a whole lot of elbow grease—policymakers could save American households $500 per year on electricity.
Posted inTechnology
The Unregulated AI Experiment on America’s Children
Some states have crafted consumer protection laws aimed at shielding kids from AI chatbots despite opposition from Big Tech.