Morning Minute: Meta Is Building a Prediction Market

Onyx Odds' funding boost and strategic partnerships could reshape the prediction market landscape, challenging traditional sportsbooks' dominance. The post Kraken parent Payward leads $20 million Series A in sports prediction app Onyx Odds appeared first on Crypto Briefing.

CLARITY Act rules could pull Bitcoin treasury companies into CFTC commodity-pool oversight as digital-commodity regulation expands.

Cboe launched its first prediction market product tied to the S&P 500 index, citing a growing investor demand for binary options contracts.

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.

Arena revives Meta's earlier attempt at prediction markets after the shutdown of its Forecast app in 2022.

The CLARITY Act has drawn fresh opposition from U.S. law enforcement organizations and anti-trafficking advocates ahead of a House hearing scheduled for July 17, with both groups warning that a provision tied to decentralized finance could weaken oversight of illicit…

Prediction markets are one of the fastest-growing sectors of the digital economy, and Meta is apparently getting ready to enter it. An internal team has been assigned by CEO Mark Zuckerberg to create a stand-alone platform called Arena. It will function independently of Meta’s core products, such as Facebook, Instagram,