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SEC eyes enforcement action over prediction market insider trading

The U.S. Securities and Exchange Commission (SEC) has warned that prediction markets offering contracts linked to corporate earnings and business performance could face enforcement action over insider trading, fraud and market manipulation. Summary The SEC is monitoring prediction markets for insider trading, fraud and market manipulation. Enforcement Director David Woodcock said contracts linked to company…

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Elon Musk warns AI agents could exploit crypto after Binance hack

Elon Musk has warned that superintelligent AI agents could eventually exploit cryptocurrency systems to obtain money for themselves, following reports that the Binance hacker used stolen stablecoins to borrow millions of dollars in Ethereum. Summary Elon Musk warned that superintelligent AI agents could eventually exploit cryptocurrency systems to obtain money for themselves, following reports of…

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