The Commodity Futures Trading Commission (CFTC) introduced its first proposed rules to oversee prediction markets, aiming to identify contracts that may be illegal or against public interest, especially those related to terrorism, assassinations, and war. The rules do not ban contracts based on categories like sports or elections but focus on sensitive topics that regulated exchanges have avoided. The CFTC plans further rulemaking, particularly on gaming-related contracts, and will open the proposal for public comment. This move comes amid growing popularity and regulatory debates over prediction markets, with states challenging some platforms as illegal betting and Congress expressing concerns about insider trading risks.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
