
Prediction markets are booming. Oversight is barely there.
Prediction markets once lived on the academic fringe. Now they’re trading billions on politics, sports, and celebrity gossip — under rules never designed for retail gamblers.
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Prediction markets once lived on the academic fringe. Now they’re trading billions on politics, sports, and celebrity gossip — under rules never designed for retail gamblers.
The Trumps “debank” major customers from their “anti-debanking” cryptocurrency venture, and a CFTC nominee says the Winklevosses are blackballing him
President Trump’s deregulatory agenda emboldened prediction markets to push boundaries around permitted event contracts. Now sites advised by his son are allowing bets on his death.
Crypto recaps
The regulator set to take on primary crypto oversight is down to a single Commissioner, and new pro-crypto PACs focus on installing more Republicans in the midterms
A crypto billionaire who once feared arrest in the US is now a Trump business adviser and White House guest. His lawsuit against Bloomberg reveals what he doesn't want Americans to know about his crypto fortune.
Crypto recaps
The Trump administration cracks down on software to limit surveillance of crypto transactions, while celebrating a “deregulatory blitz” tailored for its billionaire benefactors
Better web
Escape newsletter inbox chaos and algorithmic surveillance by building your own enshittification-proof newspaper from the writers you already read
The Trump administration’s regulatory whiplash has left prosecutors scrambling with misattributed chat messages and questionable victim testimony
Crypto recaps
Trump stands to profit from a $2 billion bitcoin bet as the crypto industry pushes through bills aimed at bolstering the sector
Crypto recaps
Crypto firms hope putting a blockchain veneer on traditional equities will allow them to sidestep lessons learned in the 1929 Wall Street crash, crypto firms look to become banks, and Congress celebrates crypto surveillance while claiming to outlaw it
Crypto recaps
Trump’s crypto empire attracts more foreign millions, the FHFA pushes crypto on mortgage lenders, and Mamdani’s mayoral primary win makes billionaires sweat
Crypto recaps
The GENIUS Act passes the Senate after explicit threats to Democrats from the crypto lobby, and shady crypto billionaire Justin Sun cozies up even closer to the Trump family
Giving up on the idea that truth matters is not just cynicism, it’s surrender.
Crypto recaps
As Trump’s web of crypto projects gets tangled up in itself, a regulator warns of “regulatory Jenga” in the crypto sector that echoes the 2008 financial crisis
New crypto trading and wallet application, created in partnership with Magic Eden, invites fans of President Trump to buy his memecoin; Trump sons deny any involvement or knowledge
Artificial intelligence
OpenAI's featured chatbot recommends $200,000 in surgeries while promoting incel ideology