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.

Industry

U.S. asks Ford, GM if they can boost arms output over EVs

The Trump administration\'s Defense Department is sounding out U.S. automakers on whether they can temporarily defer electric vehicle production plans and increase output of weapons and military supplies. Senior officials discussed the idea with executives including GM CEO Mary Barra and Ford CEO Jim Farley, and also involved GE Aerospace and Oshkosh. The talks are at an early stage. They come as the U.S. EV share of auto sales has fallen since peaking in 2025.