North Carolina enacted a law recognizing the CFTC's authority over prediction markets like Kalshi and Polymarket, imposing a 6% tax on operators' revenue from state residents starting in 2027. This contrasts with other states' crackdowns and litigation.
Nebraska becomes the first state to implement Medicaid work requirements under the One Big Beautiful Bill Act, requiring about 70,000 expansion enrollees to work, train, or attend school at least 80 hours monthly starting May 1. Health policy analysts and advocates fear thousands will lose coverage due to administrative barriers, echoing Arkansas's 2018 experience where nearly 18,000 people lost coverage—mostly for paperwork failures rather than failing to meet work requirements.
Defense Secretary Pete Hegseth and Joint Chiefs Chairman Dan Caine testified before the House Armed Services Committee on Wednesday, the first congressional questioning of Trump's defense chief since the war with Iran began two months ago. Lawmakers probed the Pentagon's $1.5 trillion fiscal 2027 budget request while the conflict has caused global economic turmoil by restricting Strait of Hormuz shipping. The war has depleted U.S. munitions stockpiles, requiring congressional replenishment funding.
