The Defiant·
The Commodity Futures Trading Commission is conducting a broad investigation into Polymarket covering staged trades and fake winning bets, Bloomberg reported Friday, advancing the agency’s scrutiny beyond the platform’s prior influencer scheme.
Read full articleThe CFTC's action underscores the importance of regulatory compliance for foreign firms, highlighting risks for US investors using unregistered platforms. The post CFTC orders two foreign firms to pay $2.5M for illegal transactions with US customers appeared first on Crypto Briefing.
The court overturned a 91-year precedent, allowing President Trump to fire key federal regulators whenever he wishes for almost any reason.
Ford has rehired approximately 350 experienced engineers after the company’s investment in AI and automated quality control systems failed to meet expectations, according to Bloomberg. In short, the technology did not detect enough problems. “We mistakenly believed that we could create a high-quality product simply by introducing artificial intelligence and inputting our design requirements,” Charles Poon, head of Ford’s hardware development, told Bloomberg. The rehired quality inspectors — known internally as “gray beard” engineers for their experience and years with the company — are now working to identify defects before components reach the factories. Still, Ford is not abandoning AI completely; the experienced engineers will be asked to help train younger employees and improve the company’s AI tools.
The situation raises concerns about the ethical and security implications of prediction markets potentially exploiting insider information. The post Nine Polymarket accounts linked to millions in profits from US military bets appeared first on Crypto Briefing.
The CFTC's expanded probe into Polymarket could set a precedent for regulating off-chain marketing practices in decentralized finance. The post CFTC expands probe into Polymarket over staged trades and fake wins appeared first on Crypto Briefing.
DraftKings has launched DKeX, a proprietary prediction markets exchange, reporting $3.4 billion in annualized consumer volume as it enters a field increasingly crowded by Kalshi, Polymarket, Meta Arena, and Robinhood.
Pump.fun's revenue decline highlights shifting DeFi dynamics, emphasizing revenue as a key metric over TVL, impacting Solana's ecosystem. The post Pump.fun surpasses Polymarket in 24-hour revenue, reclaiming its DeFi crown appeared first on Crypto Briefing.
Japan's innovative prediction platforms could redefine market engagement, challenging global norms by prioritizing compliance and user interaction. The post Japan’s prediction platforms seek to rival Polymarket using loyalty points appeared first on Crypto Briefing.
