REGULATORYSTORY 542· AUGUST 5, 2026

U.S. customs repays $100 billion in liberation day tariffs after Supreme Court ruling

About $100 billion has been returned to American importers after US customs officials repaid roughly 60 percent of the levies collected under the Trump administration's "liberation day" tariff program. A levy is a charge the government…

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01REGULATORY

Cardinal Infrastructure's contracting subsidiary adds $250 million in new borrowing capacity

A credit agreement amendment, a formal revision to an existing loan rather than a new deal, closed September 10, 2026, opening up to $250 million in new borrowing capacity for the contracting subsidiary of Cardinal Infrastructure Group…

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03REGULATORY

U.S. appeals courts split on prediction market contracts, Supreme Court fight likely

Two federal appeals courts have now reached opposite conclusions on whether sports-related event contracts are swaps, a class of regulated financial instrument under federal law. The Ninth Circuit Court of Appeals ruled that those…

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04REGULATORY

NFL's top preseason pick opens 2026 with a loss as full-season projections favor the Bengals

A preseason favorite, in football terms the team most analysts expect to win the championship before a single game is played, rarely keeps that label undisturbed. The Los Angeles Rams held it going into 2026. They lost the opener to the…

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