Meta Prediction Market App Push Puts Polymarket Model In Big Tech Spotlight

Polymarket's fabricated betting wins highlight the urgent need for stricter regulations and transparency in crypto prediction markets. The post Polymarket faces scrutiny as viral betting wins may be fabricated appeared first on Crypto Briefing.

Pro- and anti-AI groups spent $24m on a congressional contest in New York, but it’s unclear to what end US politics live – latest updates When the Democratic primary for New York’s 12th congressional district was called on Tuesday night, the result capped off one of the most expensive races of its kind in the state’s history. More than $24m poured into the Manhattan contest from tech-backed financial groups as the campaign turned into a battleground for pro- and anti-AI groups to test their influence. Much of the spending targeted candidate Alex Bores, a member of the state assembly who sponsored an AI safety bill and subsequently became a lightning rod for the tech industry. Pro-AI political action committees (Pacs) put more than $8m into the race to oppose Bores, according to Tech Influence Watch, while industry groups supporting regulation spent more than $16m to counter the attacks. Continue reading...

The CFTC filed suit against Kentucky on Monday after the state sued prediction-market operators Kalshi and Polymarket for operating without gaming licenses, making Kentucky the ninth state to face federal litigation over who controls event-contract regulation.

The surge in prediction market activity during the World Cup highlights growing investor interest and potential regulatory challenges in this sector. The post Polymarket volume surges 300% during World Cup, Kalshi hits $1B open interest appeared first on Crypto Briefing.

The CFTC sued Kentucky on June 23, 2026, challenging its 14.25% excise tax and state lawsuits targeting Kalshi, Polymarket, and Robinhood as unlicensed gambling operators. The post Kentucky’s Prediction Market Crackdown Faces Federal Lawsuit and Preemption Fight appeared first on 99Bitcoins.

Arthur Hayes put out a bull case for the CARDS token, and the Clarity Act is facing some surprising opposition from a new group.

Workers signed petition against tool that tracked staff keystrokes, mouse clicks and computer screen content Mark Zuckerberg’s Meta has paused a program that tracked employees’ computer activity amid data privacy concerns and a staff backlash. The owner of Facebook, Instagram and WhatsApp had introduced a tool that tracked staff keystrokes, mouse clicks and content displayed on computer screens in order to collect data for training its AI models. Continue reading...

The massive data center investments by tech giants could lead to significant financial risks if AI demand doesn't meet expectations. The post Meta and Microsoft commit tens of billions each to data center leases as industry tops $850B appeared first on Crypto Briefing.