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The Financial Times

Trump has undermined the US national security apparatus

Trump’s unchecked rush to war with Iran, enabled by a gutted diplomatic and security apparatus, underscores how weakened institutions are eroding constitutional and practical restraints on US military power.

Prediction market Kalshi seeks US approval to offer margin trades

Prediction market operator Kalshi is seeking US regulatory approval to allow margin trading on its platform, as it seeks to lure institutional investors with more sophisticated financial contracts. Kalshi has held meetings with the Commodity Futures Trading Commission over several months in its effort to win approval, according to people

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