US financial regulators

US health insurers warn that AI-driven medical billing and coding could add billions of dollars in unnecessary claims and raise overall healthcare costs. Medical billing and coding companies reject the claim, arguing that AI improves accuracy and efficiency rather than driving up spending. The dispute comes as regulators and providers weigh how quickly artificial intelligence should be adopted across the healthcare revenue cycle.

A federal court has ruled that prediction market operator Kalshi is subject to Tennessee's gambling laws in relation to its sports event contracts. The decision means the company cannot treat its sports offerings as federally regulated financial products exempt from state gambling regulation in Tennessee. It marks a setback for Kalshi's efforts to expand sports event trading across US states and could prompt similar challenges elsewhere.

UBS has been fined $125 million by US regulators, an amount analysts see as a signal of a broader hardening in Washington's approach to financial enforcement. The penalty suggests US authorities are taking a tougher stance toward major international banks, with commentators watching whether this marks the start of more aggressive supervision of the sector.

The Conference of State Bank Supervisors has announced a new AI supervisory framework covering state-chartered banks and nonbank financial institutions. The framework is intended to guide how state regulators oversee the use of artificial intelligence in financial services, adding to growing regulatory attention on AI across the US financial sector.