{"id":435248,"date":"2026-08-17T13:46:07","date_gmt":"2026-08-17T13:46:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/435248\/"},"modified":"2026-08-17T13:46:07","modified_gmt":"2026-08-17T13:46:07","slug":"daily-business-report-august-17-2026-san-diego-metro-magazine","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/435248\/","title":{"rendered":"Daily Business Report: August 17, 2026, San Diego Metro Magazine"},"content":{"rendered":"<p><a href=\"https:\/\/timesofsandiego.com\/politics\/2026\/08\/16\/prediction-market-senators-wildfires-arson\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">\u2018You can\u2019t predict fire. But you can trade on it\u2019 \u2013 Senators warn prediction market activity on wildfires could encourage arson<\/a><\/p>\n<p>By Alysa Horton | Times of San Diego<\/p>\n<p>California senators Alex Padilla and Adam Schiff have joined a call to demand financial regulators restrict prediction market activity on wildfires, citing concerns that the bets could incentivize arson or other destructive interventions.<\/p>\n<p>\u201cOffering bets on destructive wildfires threatens to minimize communities\u2019 suffering all so the rich and powerful can profit,\u201d\u00a0<a href=\"https:\/\/www.schiff.senate.gov\/wp-content\/uploads\/2026\/08\/2026.08.03-LTR-Wildfire-Prediction-Markets-FINAL.pdf\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">reads a letter<\/a>\u00a0sent by nine senators to Michael Selig, chair of the Commodity Futures Trading Commission.<\/p>\n<p>\u201cThere\u2019s also the heightened risk \u2014 according to state and local fire officials \u2014 that individuals could be tempted to commit arson in order to make sure their bets are successful.\u201d<\/p>\n<p><a href=\"https:\/\/timesofsandiego.com\/politics\/2026\/08\/16\/prediction-market-senators-wildfires-arson\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Read more<\/a><\/p>\n<p><a href=\"https:\/\/voiceofsandiego.org\/2026\/08\/14\/theyre-really-trying-to-make-midway-rising-happen\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">They\u2019re Really Trying to Make Midway Rising Happen<\/a><\/p>\n<p>by Nadia Lathan| Voice of San Diego<\/p>\n<p>A new bill related to San Diego\u2019s Midway Rising project was set in motion Thursday as lawmakers began a process to gut and amend an unrelated bill that would potentially give broader environmental exemptions for the planned dual sports arena and housing complex.<\/p>\n<p>New bill language isn\u2019t available yet, but it\u2019s expected to appear next week ahead of an Assembly Natural Resources Committee meeting where it\u2019ll be taken up in a public hearing. State Sen.\u00a0<a href=\"https:\/\/calmatters.digitaldemocracy.org\/legislators\/akilah-weber-165432\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Akilah Weber Pierson<\/a>\u00a0is expected to be the primary author and several San Diego delegates will be co-authors.<\/p>\n<p><a href=\"https:\/\/voiceofsandiego.org\/2026\/08\/14\/theyre-really-trying-to-make-midway-rising-happen\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Read More<\/a><\/p>\n<p><a href=\"https:\/\/timesofsandiego.com\/housing\/2026\/08\/15\/new-rent-limits-take-effect-in-california\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">New rent limits take effect in California<\/a><\/p>\n<p>by\u00a0Robert Matteson\u00a0| The Center Square<\/p>\n<p>Landlords across the state of California face new limits in how much they can increase the rent of their tenants.<\/p>\n<p>Under\u00a0<a href=\"https:\/\/leginfo.legislature.ca.gov\/faces\/billTextClient.xhtml?bill_id=201920200AB1482\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Assembly Bill 1482<\/a>, the California Tenant Protection Act of 2019, landlords are prohibited from increasing their rental rate more than 5% plus the rate of inflation, or 10%, whichever is lower, over a 12-month period.<\/p>\n<p>The new statewide cap came into effect on Aug. 1 and will last until July 31, 2027.<\/p>\n<p><a href=\"https:\/\/timesofsandiego.com\/housing\/2026\/08\/15\/new-rent-limits-take-effect-in-california\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"\u2018You can\u2019t predict fire. But you can trade on it\u2019 \u2013 Senators warn prediction market activity on wildfires&hellip;\n","protected":false},"author":2,"featured_media":218119,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[74,76,75],"class_list":["post-435248","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-diego","tag-san-diego","tag-san-diego-headlines","tag-san-diego-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/435248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=435248"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/435248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/218119"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=435248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=435248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=435248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}