The Commodity Futures Trading Commission (CFTC) is making a bold move to claim full control over prediction markets, a fast-growing sector blending cryptocurrency with event-based betting. Instead of waiting for states to set rules, the agency is suing three states— Arizona, Illinois, and Connecticu
Missouri lawmakers want to add a new layer of state control over high school sports rules. A bill that would create a government board to handle final appeals for the Missouri State High School Activities Association is moving through the legislature. The proposed board would be picked by the govern
Arkansan leaders want to cut back on rules set by the U. S. Department of Education, saying they block progress in local schools. They have asked parents and teachers to share their thoughts by May 7 before sending three requests for special permission. The move comes as the federal agency is shrink
Los Angeles City Council members on the far left are pushing a plan to move key decisions about policing away from the experts who run the LAPD. Instead they want city politicians and the city controller to write the rules on how officers work, who gets disciplined, and where money goes. One council
South Korea’s financial watchdogs are making crypto exchanges check their records more often after a serious error at Bithumb last year. Instead of waiting a full day to update their numbers, exchanges now have to sync their digital ledgers with real assets every five minutes. This rule came after i
A recent decision by U. S. regulators has set off a clash between old-school banks and cryptocurrency companies. The Office of the Comptroller of the Currency gave Coinbase the green light to launch a national trust bank, but not everyone is happy about it. Critics argue that digital firms shouldn’t
A dispute over digital money could stall new financial regulations. A proposed bill tried to set clear rules for crypto exchanges, tokens, and storage by dividing the work between the SEC and CFTC. But the plan ran into four major roadblocks. First, some lawmakers and big crypto companies still wan
The House Financial Services Committee looked at how the SEC handles crypto. Rep. Stephen Lynch said he likes new tech but worries about recent rules. He claimed the SEC stopped many teams that fight fraud and shut down FinHub, an office that helped the agency understand digital money. Lync
The idea that a person can simply watch over an AI system and stop it from doing something wrong has become popular in many companies. Companies that use AI for things like coding or customer service claim that a human will catch any mistakes before they cause problems. However, this belief can be
In Charleston County, a group of school leaders wants state lawmakers to give local districts more say in how charter schools use their money. Daniel Prentice, the district’s chief finance officer, is urging representatives to add a clause that would require charter budgets to be approved by the
