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    What It Means If Trump Loses Control of His War

    US President Donald Trump appears to be losing control of the war with Iran that he started. More than three weeks in, Tehran remains defiant and has lashed out more fiercely at Gulf neighbors than Trump expected. The Strait of Hormuz is still effectively closed, and even America's closest allies have refused his request to help reopen it. Israel has launched attacks on Iran's energy infrastructure  Trump claims  without Washington's knowledge, prompting an attack on Qatar that has taken 17% of its LNG export capacity offline for three to five years. So where does that put Trump? The conflict's current trajectory looks untenable as the economic, political and military costs mount. Bloomberg Economics Senior Geoeconomics Analyst for Asia-Pacific Adam Farrar joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

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    Bloomberg

    Kalshi Banned From Operating in Nevada for Now by Judge

    Kalshi was temporarily barred by a judge from offering its prediction market contracts in Nevada, after state regulators said the company didn't have a gaming license. District Court Judge Jason D. Woodbury in Carson City signed a temporary restraining order Friday blocking Kalshi event contracts for sports, election and entertainment for as long as two weeks, according to a copy of the order provided by the Nevada Gaming Control Board. A spokesperson for Kalshi declined to comment. Ian McGinley, Partney at Sidley Austin and former Director of Enforcement at the Commodity Futures Trading Commission, joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

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