Regulatory Landscape & Compliance - CFTC regulates prediction markets, including event contracts on elections, sports, and more [1][11] - Prediction markets are designated contract markets and registered with the CFTC, implying obligations to prevent manipulation and abusive trading [11][17][18] - Failure to comply with CFTC obligations results in liability for the organization, not just individual participants [18] - Common compliance solutions include training and awareness programs, especially for those involved in events covered by prediction markets [9][10] Market Growth & Trends - Prediction markets have experienced rapid growth, expanding from elections (e.g, KALSI, Polly Market) to sports and other areas [2][3] - Prediction markets are becoming a permanent asset class, influencing how people follow events like elections [19][20] Risks & Challenges - Insider trading is a significant risk in prediction markets, similar to equity, crypto, and sports betting markets [8][9] - There are risks associated with individuals betting large sums (e.g, liquidating 401Ks) on prediction market outcomes [13][14] - Recent cases involving NBA players and major league pitchers highlight the risks of inappropriate gambling and performance manipulation [5][6] Risk Mitigation & Deterrence - Strong policies and procedures, along with enforcement cases, are crucial for deterring misconduct in prediction markets [15][16] - Enforcement actions raise awareness about the risks of participating in these markets [15] - Transparency in prediction markets allows for quick detection of anomalous activity [7][8]

Brazil extends financial sector regulations to crypto service providers https://t.co/Ww9JfoIcw3 ...

🇺🇸 JUST IN: The US Senate Agriculture Committee releases bipartisan crypto market structure draft to regulate digital commodities under the CFTC. https://t.co/GBOkcNhHyF ...

🚨JUST IN: JAPAN’S FSA PLANS STRICTER OVERSIGHT FOR CRYPTO SERVICE PROVIDERS, REQUIRING REGISTRATION BEFORE WORKING WITH EXCHANGES ...

路透：中国互联网平台正在悄悄复苏消费贷业务，将北京推动降低家庭借贷成本的举措视为监管机构可能正在放松对该行业长达数年的打击的信号。一位业内人士表示：“监管环境变得更加宽松。在当前充满挑战的经济形势下，经济发展需要依赖大型互联网金融平台。” https://t.co/HPVKDGcN26 ...

Japan’s Financial Services Agency (FSA) is considering introducing a new framework that would require crypto asset custody and trading management service providers to register with the regulator before offering services to cryptocurrency exchanges. The proposed rules would also mandate that exchanges use only custody and trading systems provided by registered institutions.https://t.co/nB0QJPJ8QE ...

veil at $13m market cap has coinbase ventures backing and just launched selective disclosure for kyc compliance. coinbase can't build privacy tools directly but base can host them. 13% of supply already staked in 2 weeks. first privacy protocol designed to survive regulation not fight it ...

Regulation remains the test.Zcash’s view keys allow users to disclose transactions to auditors while staying private from the world; a bridge between compliance and confidentiality. ...

AI Safety Concerns - A new open letter, signed by over 80,000 people including celebrities and AI experts, calls for a ban on the development of super intelligent AI until it is safe and controllable [1][2] - The letter warns that hypothetical AI technology could exceed the intelligence of all humanity, potentially leading to negative consequences similar to or worse than those seen with social media, such as mental health decline, extremism, and democratic backsliding [1][6] - A poll indicates that 95% of Americans do not want a race to super intelligent machines that could replace human labor and make people economically dependent [9] Regulatory Landscape - The AI industry is currently under-regulated, with some arguing that there are more regulations on sandwiches in San Francisco than on super intelligent AI [10] - AI companies are portrayed as resisting regulation, claiming that safety standards would stifle innovation [11] - The letter's signatories aim to initiate a movement towards establishing legally binding safety standards for AI development, similar to those in other industries [11][14][15] AI Development Focus - The letter advocates for prioritizing the development of AI as a tool to help people, such as curing diseases and strengthening national security, rather than focusing on creating AI that imitates humans for profit-maximizing purposes [3][4][7] - Concerns are raised that companies like Meta and OpenAI are prioritizing the development of AI that can manipulate human emotions and attention for profit, similar to the tactics used in social media [5][6] - The discussion highlights the need for personal responsibility alongside laws to address the potential negative impacts of AI [16]

When it comes to Chinese e-commerce platforms, the EU is taking far too long enforcing its own rules, write @LionelRALaurent and @AndreaFelsted (via @opinion) https://t.co/P9o9LDrTai ...