The new round values the prediction market at $21 billion, up from $15 billion. Mr. Trump’s firm, 1789 Capital, will invest around $300 million.
Category: Regulation and Deregulation of Industry
-
Donald Trump Jr.’s Firm Leads $1 Billion Funding Round for Polymarket
The New York Times – Business: -
FTC and 22 States Sue Amazon Over Advertising Practices
The New York Times – On the Runway:Regulators say the e-commerce giant forced more than a million advertisers to pay more than they should have. The company denies the claims.
-
Pennsylvania Gambling Addicts Hope that ‘Skill Games’ Will Go Bust
The New York Times – Business:The machines, which enjoyed legal protection until a recent court ruling, could go dark in October.
-
Prediction Markets Should Be Regulated as Gambling, Appeals Court Says
The New York Times – Business:The outcome contradicted an earlier appeals court decision. Federal regulators said the split rulings called for resolution by the Supreme Court.
-
Companies Can Tell Investors Less Under Proposed S.E.C. Rules
The New York Times – Business:Fewer audit and disclosure requirements could reduce costs, but experts say they could also help disguise fraud or financial stress.
-
Fed Chairman Seeks to Calm Concerns About Elevated Inflation
The New York Times – Business:In a high-profile speech, Kevin M. Warsh said that the Federal Reserve was chiefly responsible for taming inflation. If price increases did not return to the central bank’s target quickly, “we have work to do,” he said.
-
Trump Administration’s Blacklisting of Anthropic Was Illegal, Judge Rules
The New York Times – On the Runway:The government retaliated against the A.I. start-up “for constitutionally protected expressive activities,” a federal judge in California wrote.
-
Prediction Markets and States Clashed, Setting Off a Furious Political Battle
The New York Times – Business:A legal dispute over the future of Kalshi, Polymarket and others has drawn in the Trump administration, the president’s son and nearly every state attorney general.
-
Americans Encounter Risks at Psychedelic Clinics Abroad
The New York Times – Travel:Participants, often in vulnerable states, have little recourse if mistreated or injured.
-
We Know the Risks of A.I. We Need to Act.
The New York Times – On the Runway:A.I. could turn one of our country’s worst habits into a national security crisis.
-
S.E.C. Investigating Near-Implosion of A.I. Hedge Fund
The New York Times – Business:Regulators sent subpoenas to major Wall Street banks seeking information about the trading of Situational Awareness, three people briefed on the outreach said.