China's securities regulator announced a crackdown on stock market manipulation and illicit activities related to artificial intelligence themes, citing concerns over market abuse and potential bubbles fueled by the AI rally.
Germany, a 12% shareholder in Commerzbank, has rejected UniCredit's hostile public exchange offer (OPS), citing the Italian group's aggressive approach and the bid's lack of an adequate premium. The German government emphasized Commerzbank's strategic role in financing the German economy and the Mittelstand.
George Santos is reportedly being investigated by the DOJ and CFTC for allegedly trading against his own attendance at the State of the Union on prediction market Kalshi, pocketing tens of thousands of dollars.
Decentralized exchange edgeX attributes a 40% plunge in its EDGE token to market manipulation by an external party. Onchain investigator ZachXBT disputes this, citing the token's low circulating float and insider control as the likely cause.
President Lee Jae Myung ordered prompt action to stabilize consumer prices and stern punishment for market manipulation. He emphasized price stability as crucial for economic growth and people's livelihoods, also vowing to focus on balanced development and global leadership.
West Bengal CM Mamata Banerjee claims the Trinamool Congress will win over 200 seats in the assembly elections, dismissing exit polls as stock market manipulation. She also criticized the Central Armed Police Forces for alleged brutality against her party workers.
John Oliver's 'Last Week Tonight' scrutinized prediction markets like Polymarket and Kalshi, highlighting risks of manipulation, regulatory gaps, and the platforms' controversial event contracts.
John Oliver devoted his latest deep dive on HBO's 'Last Week Tonight' to prediction markets like Kalshi and Polymarket, questioning Donald Trump Jr.'s advisory role with both platforms and criticizing the CFTC for not blocking event contracts on terrorism, assassination and war. Oliver highlighted how easily outcomes can be manipulated, citing Coinbase CEO Brian Armstrong's deliberate mention of crypto terms during an earnings call to help users win bets. The segment comes as prediction market trading volume has surged, with projections reaching $1 trillion by 2030, while gaming authorities in multiple states sue these platforms and traditional financial firms like Charles Schwab and Citadel Securities signal interest in entering the market.
John Oliver devoted his latest weekly deep dive on HBO's Last Week Tonight to prediction market platforms like Kalshi and Polymarket, examining trivial event contracts including bets on Trump administration members' word usage. The host highlighted Donald Trump Jr.'s advisory roles with both platforms and criticized the CFTC under Chair Michael Selig for not blocking contracts on terrorism, assassination and war. Oliver cited Coinbase CEO Brian Armstrong's deliberate mention of crypto words during an earnings call to help users win bets, while predicting markets are expected to reach $1 trillion by 2030 amid ongoing legal battles with state gaming authorities.
RaveDAO denies involvement in the dramatic surge and collapse of its RAVE token, which climbed from $0.25 to nearly $28 before plunging over 80%. Onchain investigator ZachXBT alleges more than 90% of tokens are controlled by insiders in a pump-and-dump scheme. Binance and Bitget are reviewing the situation.
