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CFTC sues three states for trying to regulate prediction markets
The US Commodity Futures Trading Commission is suing Illinois, Arizona and Connecticut for attempting to outlaw or regulate prediction markets like Kalshi and Polymarket. The CFTC believes it has sole [...]
Epic is laying off more than 1,000 workers, citing a downturn in Fortnite engagement
Epic Games has announced sweeping layoffs of more than 1,000 employees. “The downturn in Fortnite engagement that started in 2025 means we're spending significantly more than we're making, [...]
Google, OpenAI, and Anthropic are all bracing for Deepseek's next big release
Deepseek apparently trained its next model on Nvidia's banned Blackwell chips and the timing of the leak, combined with growing complaints from US AI labs, suggests another market-shaking release [...]
EU tells Apple it has "no intention" of repealing the Digital Markets Act
The European Union has summarily rejected calls from Apple to repeal and replace its Digital Markets Act (DMA), the law that governs much about how giant tech companies must operate within the 27-nati [...]
Apple repeats its long held criticism of the EU's Digital Markets Act
Apple has long opposed the Digital Markets Act, which is pretty much expected for a Big Tech company. Now, a bit over a year after it came into force, Apple has asked the European Commission to repeal [...]
Nevada sues Kalshi for operating a sports gambling market without a license
Nevada is taking action against the rapidly growing Wild West of prediction markets. The state's gambling regulators and attorney general sued Kalshi on Tuesday. They accuse the company of bypass [...]
New Jersey has no right to ban Kalshi's prediction market, US appeals court rules
Kalshi can't be stopped in New Jersey. A 3rd US Circuit Court of Appeals panel ruled on Monday that New Jersey has no authority to regulate Kalshi's prediction market allowing people to bet [...]
New York Attorney General sues two prediction markets on illegal gambling allegations
New York is the latest state to take a stand against prediction markets. Attorney General Letitia James has sued Coinbase Financial Markets and Gemini Titan on charges that both are illegally running [...]