News in Systemic Risk: Friday, September 12, 2025 (9:45 a.m.) September 12, 2025 How prediction markets are shaking up sports gambling in America (Sam Learner and Oliver Roeder; Financial Times) Russia’s Central Bank Cuts Key Rate for Third Consecutive Meeting (Paul Hannon and Ed Frankl; The Wall Street Journal) CFTC Staff Withdraws Guidance on DCO Recovery Plans and Wind-down Plans (Commodities Future Trading Commission) SEC Investor Advisory Committee to Host Panels to Discuss Reconsideration of the Eligibility Criteria and Regulatory Treatment of Foreign Private Issuers (U.S. Securities and Exchange Commission) Related Stories Yale Program on Financial Stability Presents Financial Crisis-Fighting Playbook Fed Official Michael Barr Provides an Inside Look at Crisis Response High School Students Visit Yale SOM for Introduction to Careers in Business and Economics