Bobby Allen
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Cauchy says putting money down on a company's performance or national security matters like the war in Iran will now mean revealing where you work.
Prediction market apps like Cauchy and Polymarket have soared in President Trump's second term thanks to lax regulations allowing virtually anyone to bet on anything, from the color of President Trump's tie to who will be eliminated on the next season of Love Island.
But there's growing research that some of the billions of dollars traded every week on the apps is done so using insider intel.
Cauchy's new employer disclosure requirements come as lawmakers and regulators in Washington weigh new rules for the industry.
But critics of the administration say since the president's son, Donald Trump Jr., is an advisor to both companies, the new rules are not expected to be too stringent.
After months of praising Trump, Bankman-Fried has formally asked for a presidential pardon.
A jury convicted the one-time crypto star in 2023 after prosecutors alleged he used money from his customers at the crypto exchange FTX to prop up another business and to pay for his luxury penthouse in the Bahamas.
Bankman-Fried was a Democratic mega-donor before he was sent to federal prison, but he has since changed his tune, taking jailhouse interviews with Fox News and celebrating President Trump.
Trump has issued more than 1,600 pardons and clemencies in his second term, most of those tied to the January 6th Capitol rioters.
After months of praising Trump, Bankman-Fried has formally asked for a presidential pardon.
A jury convicted the one-time crypto star in 2023 after prosecutors alleged he used money from his customers at the crypto exchange FTX to prop up another business and to pay for his luxury penthouse in the Bahamas.
Bankman-Fried was a Democratic mega-donor before he was sent to federal prison, but he has since changed his tune, taking jailhouse interviews with Fox News and celebrating President Trump.
Trump has issued more than 1,600 pardons and clemencies in his second term, most of those tied to the January 6th Capitol rioters.
Polymarket and Kalshi are paying influencers up to $500 per post to spread the word about prediction markets.
where people can bet on everything from the color of President Trump's tie to war to election outcomes.
In recent weeks, some of those paid influencers have been spreading fabrications about the Los Angeles mayor's race, claiming without evidence that the process has been beset with fraud.
After NPR pointed this out to Cauchy, the company asked influencers to take down posts.