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New CFTC Prediction Market Proposal Would Ban War And Terrorism Bets While Allowing Sports Markets
New CFTC Prediction Market Proposal Would Ban War And Terrorism Bets While Allowing Sports Markets
The Commodity Futures Trading Commission (CFTC) has unveiled a proposed framework for prediction markets that would prohibit contracts tied to violent or harmful events, including terrorism, war, and political assassinations, while largely preserving sports-based markets, according to Bloomberg.
Under the proposal, "gaming" would be interpreted more narrowly, focusing on activities driven primarily by chance. As a result, most existing sports event contracts would remain permissible.
According to CFTC Chairman Michael Selig, the agency's goal is to "protect...
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Jun 29, 2026 / Tyler Durden
GM Replaces 1,000 Factory Zero Workers With 50 Robots
GM Replaces 1,000 Factory Zero Workers With 50 Robots
General Motors is once again under the microscope after expanding automation at its Detroit-based Factory Zero plant, installing about 50 collaborative robots not long after cutting more than 1,000 positions, according to Yahoo Finance.
The decision reflects a broader shift across the auto industry as manufacturers lean more heavily on robotics and AI to improve efficiency while labor groups warn about the impact on employment.
Factory Zero, where GM builds the GMC Hummer EV and Chevrolet Silverado EV, was originally marketed as the...
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Mar 24, 2026 / Tyler Durden
Nvidia CEO: "I Think We've Achieved AGI"
Nvidia CEO: "I Think We've Achieved AGI"
Nvidia CEO Jensen Huang joined podcaster Lex Fridman for a 2-plus-hour conversation on the future of AI infrastructure, covering everything from chips, racks, and cooling systems to Nvidia's broader strategy for the next computing era.
Jensen spoke about how computers are evolving from retrieval machines into generative AI factories. The discussion also turned to one of the biggest questions in the AI cycle: whether AGI has already arrived.
Near the two-hour mark of the conversation, Fridman asked Jensen about the "AGI timeline" and whether it...
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Jul 14, 2026 / Tyler Durden
China's Helium Export Ban Raises New Risks For Global Supply Chains
China's Helium Export Ban Raises New Risks For Global Supply Chains
Authored by Michael Zhuang via The Epoch Times,
China has imposed a temporary ban on helium exports, adding fresh uncertainty to global supplies of a gas essential to semiconductor manufacturing, aerospace, medical equipment, and other high-tech industries.
The first pilot helium production facility in Europe, located in Saint-Parize-le-Châtel, France, on Sept. 11, 2024. FREDERIC MOREAU/Hans Lucas via AFP/Getty Images
The July 10 announcement by China's Ministry of Commerce and General Administration of Customs comes as Beijing faces mounting pressure on its own...
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