U.S. House Democrats push FTC probe into prediction market ads

Nine House Democrats have asked the Federal Trade Commission to investigate online prediction market platforms.  Summary Nine House Democrats asked the FTC to probe prediction market ads and customer messaging practices. Lawmakers say platforms market sports bets while calling contracts financial products in regulatory filings publicly. Recent reports show rising pressure from insider trading cases,…

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OpenAI and Anthropic Sign Letter to Prevent AI-Developed Biological Weapons

The CEOs of several major artificial intelligence companies are urging members of Congress to adopt new laws that would make it harder for bad actors to develop biological weapons using their technology. Google DeepMind’s Demis Hassabis, OpenAI’s Sam Altman, Anthropic’s Dario Amodei, and Microsoft AI’s Mustafa Suleyman are among the signatories on a public letter…

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SEC Commissioner Challenges Blockchain Oversight Push That Could Shape Crypto Rules

Key Takeaways Peirce questioned whether securities rules should cover blockchains, validators, developers, and neutral software. Regulators could focus more on custody, control, and discretion than infrastructure alone. Builders may face pressure to improve audits, key management, disclosures, and security safeguards. Why the SEC’s Blockchain Boundary Fight Could Reshape Crypto Rules A June 3 speech from…

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