New capital rules for U.S. banks could reportedly boost the private credit space. That’s according to a report Wednesday (March 25) from the Wall Street Journal (WSJ), which noted that an “obscure” bank capital regulation has already helped foster the growth of non-bank lenders such...
President Donald Trump has appointed 13 tech leaders to an advisory committee focused on strengthening American leadership in science and innovation. The newly appointed members of the President’s Council of Advisors on Science and Technology (PCAST) include Oracle Executive Chairman and Chief Technology Officer Larry Ellison, Nvidia Founder, President and CEO Jensen Huang and Meta Founder,...
The Federal Trade Commission (FTC) said Tuesday (March 24) that it has reached a settlement with Air AI in which the company and its owners will be banned from marketing business opportunities. The settlement followed the FTC’s August complaint that alleged that Air AI, five related companies, and owners...
The Commodity Futures Trading Commission (CFTC) has launched a task force dedicated to advancing “clear rules of the road” for those who want to build novel products and technologies within U.S. derivatives markets. The Innovation Task Force and the regulator’s existing Innovation Advisory Committee will...
The Federal Reserve’s internal watchdog has found that the central bank is taking longer to approve bank mergers and acquisitions than it did four years ago, despite launching a dedicated reform effort to speed things up. The finding lands at a moment of heightened scrutiny...
British regulators have fined the Bank of London for providing fabricated documents about its finances. The Prudential Regulation Authority (PRA) announced the fine of 2 million pounds ($2.6 million) against the bank and its parent company Oplyse Holdings Limited on Tuesday (March 24) for misleading the regulator about its capital position,...
Kalshi is launching technological guardrails that block politicians, athletes and other relevant people from trading in certain politics and sports markets on the company’s prediction markets platform. The capabilities are designed to prevent insider trading and market manipulation, the company said in a Monday (March...
Prediction market Polymarket has introduced new rules designed to stamp out insider trading. The company on Monday (March 23) announced updated market integrity rules across both its decentralized finance (DeFi) platform and its Commodity Futures Trading Commission (CFTC)-regulated U.S. exchange. The rules appear in the...
Two U.S. senators want to curb prediction markets’ involvement in the sporting world. To that end, the lawmakers are set to introduce legislation that would bar entities regulated by the Commodity Futures Trading Commission (CFTC) from listing contracts related to sporting events, The Wall Street Journal (WSJ) reported...