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Regulators' proposed prediction markets rules ban trading on terrorism, assassinations
Federal regulators came out with their first proposed rules on how to oversee prediction markets on Wednesday. The Commodity Futures Trading Commission, which has taken the lead as the federal regulator over the markets, will seek to develop a framework to determine if contracts are contrary to the public interest and illegal. Those questions surround contracts that relate to terrorism, assassinations, war, gaming or illegal conduct under state and or federal law, based on the Commodity...
Your senior parents are easier to impersonate than you are
Americans 60 and older filed 201,266 complaints with the FBI's Internet Crime Complaint Center in 2025 and reported $7.7 billion in losses, the highest total of any age group. The average loss for older victims was nearly $38,500, almost double the figure for younger filers. The Federal Trade Commission's December 2025 report to Congress estimated that the overall cost of fraud to older adults in 2024 ranged from $10.1 billion to $81.5 billion, depending on how underreporting is measured.
Nintendo will pay a $40 million fine for faulty Joy-Cons
Nintendo will pay a $40 million fine for faulty Joy-Cons A French regulatory authority accused Nintendo of Europe for deceptive business practices. The Joy-Con stick drift saga never ends. France's equivalent of the Federal Trade Commission, Direction Générale de la Concurrence, de la Consommation et de la Répression des Fraudes or DGCCRF for short, hit Nintendo of Europe with a 35 million euro fine, or more than $40 million.
Elon Musk tries again to escape FTC audits of X data handling
Critics hope to keep Elon Musk from escaping a strict data-privacy order imposed by the Federal Trade Commission (FTC) shortly before he took over Twitter. The FTC order placed restrictions on X's data use for 20 years, while requiring regular independent audits and granting the agency authority to request documents as needed to ensure compliance. The FTC’s action came after Twitter voluntarily disclosed that between May 2013 and September 2019, a coding error accidentally allowed phone...
Valve is phasing out physical Steam gift cards due to scammers
After over a decade, Steam will no longer sell physical gift cards in stores. In a support page spotted earlier by Windows Central, Valve says it will no longer restock its gift cards once they run out, citing scammers who "continue to have an impact on Steam customers and other unsuspecting individuals." In its post, Valve links to a Federal Trade Commission article outlining how gift card scammers attempt to convince victims to buy a gift card at a store and give them the code.
Microsoft could be the next Big Tech antitrust target
Over the past several years, Microsoft has largely managed to withstand populist calls to break up Big Tech while peers faced sweeping lawsuits. But a probe by the Federal Trade Commission suggests that grace period could be nearing an end. Earlier this year, Bloomberg outlined the contents of civil investigative demands (CIDs) - similar to a subpoena - the FTC sent to at least half a dozen companies that compete with Microsoft.
Your senior parents are easier to impersonate than you are
Americans 60 and older filed 201,266 complaints with the FBI's Internet Crime Complaint Center in 2025 and reported $7.7 billion in losses, the highest total of any age group. The average loss for older victims was nearly $38,500, almost double the figure for younger filers. The Federal Trade Commission's December 2025 report to Congress estimated that the overall cost of fraud to older adults in 2024 ranged from $10.1 billion to $81.5 billion, depending on how underreporting is measured.
Live: Fair Work Commission to hand down annual wage review
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Polymarket cuts ties with George Santos as regulators probe trades on rival prediction market
Polymarket cuts ties with George Santos as regulators probe trades on rival prediction market Polymarket is ending its paid relationship with George Santos as federal regulators investigate him for possible insider trading - Bookmark The online prediction platform Polymarket is ending its paid relationship with George Santos as federal regulators investigate whether the former congressman illegally bet against his own attendance at President Donald Trump’s State of the Union. Santos placed...
Immigration lawyers slam scammers stealing their identities and offering fraudulent services
Immigration attorney Angel Leal Jr.’s face changes when he talks about how his life has changed since he became a victim of identity theft. “I don’t have enough words to describe these subhuman people, because that’s what they are. They take advantage of other people’s needs, understanding that there is fear in the community, understanding that people are scared,” says Leal, who practices immigration law in Doral, Florida, and whose image and name and even his voice have been cloned with...