Search results for Donald Trump Jr
Crypto
U.S. CFTC staffing hits 15-year low as crypto and prediction market oversight burden grows
The U.S. Commodity Futures Trading Commission\'s workforce has fallen to its lowest level in 15 years after dropping 24% since President Donald Trump\'s return, even as oversight demands increase for cryptocurrencies, oil futures and rapidly growing prediction markets. Staff numbers fell to 535 as of February after layoffs and departures. Lawmakers and former officials raised concerns about weakened enforcement capacity, while the agency said it is using artificial intelligence and software to fill gaps.
Crypto
HBO\'s John Oliver targets prediction markets, says manipulation is too easy and regulation is a void
HBO satire show \"Last Week Tonight with John Oliver\" criticised prediction market platforms, highlighting regulatory gaps and the ease of manipulation. Oliver cited Kalyshi and Polymarket and described betting on political statements or whether events occur. He also criticised the U.S. Commodity Futures Trading Commission for not adequately controlling contracts tied to risky events such as terrorism, assassination and war. The sector is growing fast, with forecasts it could reach $1 trillion by 2030.
AI & Enterprise
Reflection seeks funding at $25 billion valuation to target sovereign AI with open-source models
Nvidia-backed AI startup Reflection is seeking to raise $2.5 billion at a $25 billion valuation, foreign media reported. The company focuses on developing open-source AI models that companies, research institutes and universities can use and modify. Nvidia invested about $800 million in Reflection at an $8 billion valuation. JPMorgan Chase is considering joining the round. Reflection also signed a deal with South Korea\'s Shinsegae Group for a Korean-language model.
