Ald. Knudsen proposes banning city employees from using inside info to bet on prediction market apps – Chicago Sun-Times

Last week, Gov. JB Pritzker signed an executive order barring state employees from using insider information to bet on prediction market apps, citing highly accurate bets made in February regarding U.S. and Israeli strikes on Iran, an anonymous trader who earned more than $400,000 after placing large bets on the removal of Venezuelan President Nicolás Maduro, and a user who placed a $40,000 bet that OpenAI would launch an AI web browser before the end of the month.
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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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