UK government department, formed in 2023 from DIT and parts of BEIS.
Prediction platforms Kalshi, Polymarket and Rothera have seen record or near-record volumes during June as the FIFA World Cup boosts activity. Kalshi and Polymarket report multi-billion notional volumes; open interest exceeds $1 billion on Kalshi and near $400 million on Polymarket’s international platform. U.S. volumes on Polymarket exceed $3.5 billion, with the U.S. event draw strong bets amid low odds of winning.
The government has ordered 658 employers to repay about £4 million to more than 27,000 workers after robust enforcement of the minimum wage rules. Officials say 7 million pounds in penalties have been issued and a list of named firms will be published regularly to ensure accountability.
Carers UK reports a rise in people leaving work to provide unpaid care, with about 1.5k individuals per day doing so and a £37 billion annual cost to the economy. The government is reviewing employment rights for carers while calls for paid leave grow.