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Recent Editions
Risk Channel
North America
The Senate has unanimously approved a bipartisan resolution to prohibit its members from participating in prediction markets. The decision follows concerns about senators using sensitive information for personal gain. Senator Bernie Moreno, who sponsored the resolution, said: “United States senators have no business engaging in speculative activities like prediction markets while collecting a taxpayer-funded paycheck, period.” The resolution also extends to staff members. Additionally, Senators Todd Young and Elissa Slotkin have proposed a bill to ban all federally elected officials from using insider information for betting.
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Risk Channel
UK/Europe
The focus of the EU’s Digital Markets Act (DMA) is to turn to cloud and AI services after the European Commission said it has seen progress in other digital areas. The commission said its aim for the near future was to make cloud services and AI “fairer and more contestable,” and that it planned to look into whether certain AI services should be designated as core platforms in the market for virtual assistants. "The DMA was designed to be future-proof and adapt to emerging challenges, for example in AI and cloud," European Union antitrust chief Teresa Ribera said.
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