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Inflation cools slightly; New York City Council probes prediction markets like Kalshi and Polymarket
Posted
August 12, 2026
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August 12, 2026
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3:21Now PlayingU.S. inflation cooled slightly in new data from July. Also, the New York City Council launched a sweeping investigation into the marketing practices of prediction market companies such as Kalshi and Polymarket. Axios markets correspondent Matt Phillips shares his thoughts.
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