In partnership with

Today's edition is sponsored by Kalshi. Their support keeps these briefings free and focused on what actually matters.

The hemp fight acquired a price list yesterday. Sen. Tim Sheehy told hemp farmers the bipartisan replacement bill is coming "relatively soon," and for the first time the framework has numbers attached: a one percent crop threshold, a nickel per milligram on beverages, a five percent fee on interstate commerce. While Congress prices the fix, the Department of War (legal name Department of Defense) wrote a memo declaring rescheduling irrelevant inside the ranks, and it wrote the memo as if April never happened. In the states, Massachusetts counted its delivery holdouts, Idaho's failed petition turned into a state police referral, and a beverage category asking Washington for legitimacy flunked a label test it needed to ace.

๐Ÿงพ Sheehy prices the hemp fix
๐Ÿช– The War Department's future-tense memo
๐Ÿท๏ธ THC beverage labels miss their own numbers

โ

The power to tax involves the power to destroy.

John Marshall, McCulloch v. Maryland (1819)

The Polls Got 2024 Wrong. This Doesn't.

Pundits predicted. Polls projected. Most of them missed. Prediction markets didn't.

Kalshi is where people put real money behind their political read โ€” which means the prices you see on who wins the 2028 nomination aren't opinions. They're commitments. Right now, tens of millions of dollars are already trading on who gets the Republican and Democratic nominations.

That's a different signal than any poll you'll read this week.

Trade what you actually believe. Get $10 free to start.

Trade responsibly.

Subscribe to keep reading

This content is free, but you must be subscribed to Policy, Decoded to continue reading.

Already a subscriber?Sign in.Not now

Recommended for you

View all
caret-right