The Senate unanimously agreed to a resolution Thursday barring its members from trading on prediction markets in the face of growing concerns about insider trading on the platforms. The resolution, which was introduced by Sen. Bernie Moreno (R-Ohio) last week, amends the chamber’s rules to prohibit senators from entering into “an agreement, contract, or transaction...
Federal Reserve Chair Jerome Powell said Wednesday that he plans to stay on at the central bank as a governor after his term as chair ends next month “for a period of time to be determined.” “I have said that I will not leave the board until this investigation is well and truly over with...
Tesla CEO Elon Musk and OpenAI CEO Sam Altman are poised to face off in court Monday, as the yearslong feud between the two tech titans comes to a head at a trial over the ChatGPT maker’s corporate structure. Musk, who helped found OpenAI in 2015 before leaving and later launching his own AI company,...
{beacon} Technology Technology The Big Story Soldier’s arrest in alleged prediction market bet spotlights risks for military The arrest of a U.S. soldier accused of using classified information to place a bet on Polymarket on the capture of Venezuelan President Nicolás Maduro is stoking new fears over how betting markets could threaten national security in...
A U.S. Army soldier has been accused of using classified information about the military operation to capture Venezuelan President Nicolás Maduro to place bets on the prediction market Polymarket, federal officials said Thursday. Gannon Ken Van Dyke, a soldier stationed at Fort Bragg who was involved in the planning of the operation, was charged with using confidential government information...
Measures seeking to block or rein in data center construction are gaining momentum at the state and local level, as Americans increasingly sour on the massive buildout of AI infrastructure in their communities. The Maine legislature became the first in the nation to pass a bill banning the development of large-scale data centers last week,...
Senators grilled Kevin Warsh, President Trump’s pick to lead the Federal Reserve, on Tuesday over the central bank’s independence and his plans to divest his financial assets amid the push to confirm Fed Chair Jerome Powell’s replacement. Warsh argued that “independence is up to the Fed” and defended his ethics agreement with the administration during...