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Crypto

Changpeng Zhao-backed YZi Labs makes additional investment in prediction market startup Predict.fun

Predict.fun, Binance\'s in-app prediction market partner, has received additional investment from YZi Labs, a venture investor backed by Binance founder Changpeng Zhao. The Block reported Susquehanna Crypto also took part in the round. YZi Labs said on X it made a strategic follow-on investment and described Predict.fun as a crypto-native prediction market platform. Zhao has said prediction markets are a key destination for crypto capital and expects the FIFA World Cup to boost activity.

Games & Commerce

TikTok says South Korea is starting point for trends, plans $50 million investment and double rewards

TikTok plans to invest more than $50 million in South Korea’s content ecosystem this year, it said at a Seoul event on April 2. The company will expand creator support by doubling rewards for Korean-language content from April and launching additional reward and growth programmes from May. It also plans broader cooperation with professional partners across sports, news and entertainment, including FIFA, KBO, K League, YTN and SBS.

Telecommunications & Media

Legislative Research Service calls for \'free viewing\' clause in Broadcasting Act, urgent universal access overhaul

South Korea\'s National Assembly Legislative Research Service called for a redesign of the universal viewing rights system following controversy over exclusive Olympic broadcast rights. It said the Broadcasting Act should explicitly state that eligible events must be viewable \"at no additional cost,\" so people without pay-TV or OTT subscriptions can watch. It also raised the need to expand the scope of designated events and rework the channel-based system to include online platforms and services.