A picture of an electronic sphere displaying wagers on the April Federal Reserve decision and who the leader of Venezuela will be in 2026 during the opening of The Situation Room by Polymarket pop-up bar in Washington, DC, in March.

The burgeoning predictions market is gaining users and volume rapidly and is being largely embraced by the Trump administration. But banks are torn between the promise of new revenue streams and the iffy legal foundations of the new market.

Richmond, Virginia, USA - 26 July 2019: Illustrative Editorial of CB Financial Services Inc website homepage. CB Financial Services Inc logo visible on display screen.

An employee uploaded customer data to an unauthorized AI app. The bank says it reached the vendor before a model could train on the data.

Joni Ernst

Republican Sen. Joni Ernst is calling for more scrutiny of 10 lenders that were ejected from a Department of Agriculture program. Several of the lenders are pushing back, questioning officials' characterizations of their lending results and announcing appeal plans.

Technology
Jonathan Gould

There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.

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