Tag Archives: Regulatory

Polymarket battles cyberattack while regulatory pressure intensifies across American prediction markets

Polymarket battles cyberattack while regulatory pressure intensifies across American prediction markets Suswati Basu     Polymarket is dealing with mounting problems on several fronts after a phishing campaign stole millions of dollars from users just as the prediction market platform faces growing pressure from lawmakers, regulators and fresh criticism over its marketing strategy and public … Continue reading Polymarket battles cyberattack while regulatory pressure intensifies across American prediction markets

CFTC sues Kentucky over prediction markets amid regulatory battle

CFTC sues Kentucky over prediction markets amid regulatory battle Suswati Basu     The Commodity Futures Trading Commission (CFTC) has taken Kentucky to federal court, accusing the state of overstepping its authority in a growing dispute over prediction markets and event-based contracts. A lawsuit filed June 23 in the U.S. District Court for the Eastern … Continue reading CFTC sues Kentucky over prediction markets amid regulatory battle

Global unregulated gambling market reaches $5.9 trillion amid regulatory concerns

Global unregulated gambling market reaches $5.9 trillion amid regulatory concerns Suswati Basu     A fresh industry report says unregulated online gambling has become one of the world’s largest hidden digital economies, with global wagering volume reaching an estimated $ 5.9 trillion during 2025. Gaming Compliance International’s latest study, Online Gaming 2025: Global, found the … Continue reading Global unregulated gambling market reaches $5.9 trillion amid regulatory concerns

Kalshi reportedly raises $1B at $22B valuation in funding amid regulatory pressure

Kalshi reportedly raises $1B at $22B valuation in funding amid regulatory pressure Suswati Basu     Kalshi is said to have pulled in more than $ 1 billion in a fresh funding round, pushing its valuation up to about $ 22 billion, according to sources cited by The Wall Street Journal. This appears to be … Continue reading Kalshi reportedly raises $1B at $22B valuation in funding amid regulatory pressure

PointsBet starts Alberta iGaming registration after AGLC regulatory approval granted officially

PointsBet starts Alberta iGaming registration after AGLC regulatory approval granted officially Brian-Damien Morgan   Suswati Basu     PointsBet has begun the registration process to operate in Alberta’s iGaming market As a result of the announcement, PointsBet can now begin the process of setting up its digital stall across the province and fire up its … Continue reading PointsBet starts Alberta iGaming registration after AGLC regulatory approval granted officially

The EU has reached a historic regulatory agreement over AI development

The EU has reached a historic regulatory agreement over AI development The decision puts Europe at the forefront of the technology’s regulation efforts. Andrew Tarantola   Updated Sat, Dec 9, 2023 Anadolu via Getty Images Following a marathon 72-hour debate, European Union legislators Friday have reached a historic deal on its expansive AI Act safety … Continue reading The EU has reached a historic regulatory agreement over AI development

Generative AI faces more regulatory and legal challenges

The FTC has opened an inquiry into ChatGPT owner OpenAI, while Google faces a genAI-related lawsuit. Kim Davis on July 13, 2023 With creative workers across the board, including marketers, looking to a future of generative AI-powered content creation, some of the highest profile vendors of the disruptive technology are facing regulatory inspection and at … Continue reading Generative AI faces more regulatory and legal challenges

How Regulatory Requirements Impact Software Development in 2023

How Regulatory Requirements Impact Software Development in 2023 Dilyan Dimitrov / Jul 11, 2023   The world of tech regulation is ever-changing as new technologies, guidelines, and reporting requirements arise. If you’re developing software in such a rapidly evolving landscape, you’ll have an increasing number of challenges to overcome. With new regulations set to go … Continue reading How Regulatory Requirements Impact Software Development in 2023