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Kalshi Settles Michigan Market Early, Reverses Payouts After Outcome Change

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Kalshi prematurely settled its Western Michigan vs. Michigan market before the game concluded, distributing payouts to the losing side and then reversing them after the result changed.

BeInCrypto cited the market as generating about $18.6 million in volume, and Kalshi subsequently reimbursed the incorrectly paid losers and paid Michigan holders last.

Kalshi's sports account noted a specific example: a $2,265 Western Michigan position that would have paid $93,201.

The sequence followed a Michigan court order on September 1 barring Kalshi from offering sports contracts in the state, with a $500,000 daily penalty.

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US Bond Traders Expect Further Yield-Curve Volatility

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U.S. government bond investors are bracing for renewed volatility across the yield curve, as catalysts expected in the coming week could spur sizable moves in both near-term and longer-dated securities.

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Polymarket Brewers-Reds odds drop to 14.5% in Reds matchup

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On Polymarket, the Milwaukee Brewers vs. Cincinnati Reds submarket showed a steep reversal in the Brewers' win odds, slipping from 57.5% to 14.5% within about an hour, a 43-point swing.

ChainCatcher noted that such abrupt moves can reflect the impact of breaking news.

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Energy Secretary Sees Potential Decline in Gasoline Prices After Labor Day

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Axios reported that Energy Secretary Chris Wright said that lower gasoline prices would not be an unreasonable expectation, but he did not offer a precise forecast. Speaking on CBS's Face the Nation and CNN's State of the Union, he noted that U.S. gasoline demand typically eases after Labor Day as the summer driving season ends while refinery output is expected to rise. He also pointed to administration steps aimed at relaxing certain environmental requirements for summer gasoline blends and cited expectations for lower gasoline futures in the months ahead.

On Sunday, U.S. regular gasoline averaged $4.15 per gallon according to AAA data, while diesel prices remain near record highs. Crude oil was trading near a six-week high, with the global benchmark above $96 per barrel at Friday's close.

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Berlin Refuses 30 BTC Ransom as Rhysida Publishes 5.7 TB of Data

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Berlin's state government declined to pay the 30 Bitcoin ransom demanded by the Rhysida ransomware group, saying it would not surrender to blackmail. Officials cautioned that residents' personal data could be exposed in the data release.

The attack came to light on August 14, with the Senate Chancellery valuing the ransom at about two million euros. The State Criminal Police Office and Germany's federal cybersecurity agency are leading the investigation.

After the deadline passed, the hackers published about 5.7 terabytes of stolen data on the dark web.

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U.S. Navy Escort Through Hormuz to Continue as Oil Traffic Recovers

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Citing Jin10, U.S. Energy Secretary Wright said on Sunday that Navy escort vessels are assisting tankers passing through the Strait of Hormuz and that the escort operation will continue into the foreseeable future.

Wright noted that the Navy views the protection of shipping as essential, that U.S. involvement is necessary, and that Iran continues to provoke trouble, but the Navy is prevailing in the effort.

He said the average daily oil flow through the Strait now exceeds 9 million barrels, and that the region’s transport of crude and refined products has recovered to two-thirds or more of its pre-crisis level as more routes and pipelines move supplies.

Last week, he cited that about 17 million barrels passed through on a Monday.

Wright also indicated that unleaded gasoline prices may ease as the summer driving season ends and federal blending policy adjustments increase supply.

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Geopolitics: USS Abraham Lincoln Crew Recounts Strain of 286-Day Deployment

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The USS Abraham Lincoln completed a 286-day deployment that included a record 264 days at sea and months of combat operations in the Middle East, according to Bloomberg.

Philip Heijmans, a Bloomberg News Southeast Asia correspondent who traveled with the ship to Thailand, said sailors spoke of food shortages, limited contact with family, and uncertainty about when they would return, while many also expressed pride in the mission.

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