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Crypto

U.S. Senate bars senators from prediction market trading amid insider trading concerns

U.S. senators have been barred from trading in prediction markets after the Senate unanimously passed a resolution, S. Res. 708. The measure aims to prevent illegal trading using inside information. Concerns grew after a Polymarket account earned $400,000 betting that Venezuela President Nicolas Maduro would step down by the end of this month. Prosecutors recently arrested an active-duty U.S. Army soldier, Gannon Ken Van Dyke, over allegations he used classified information to place bets.

Mobility

Rivian expands Georgia plant to 300,000-vehicle capacity to bolster R2 production base

U.S. electric vehicle maker Rivian increased the initial annual production capacity planned for its Georgia plant to as many as 300,000 vehicles from 200,000, Electrek reported. The company redesigned the plant to support a new midsize platform, lifting capacity by 50 percent. Rivian said it adjusted a U.S. Department of Energy loan of up to $4.5 billion to match the new design and kept its target to begin production in late 2028.

Crypto

U.S. CFTC adds New York to lawsuit to block prediction market regulation

The U.S. Commodity Futures Trading Commission has filed a lawsuit against New York state over its move to regulate prediction market operators. In a complaint filed in the U.S. District Court for the Southern District of New York, the CFTC argued that authority to regulate related derivatives, including prediction market contracts, belongs to it under federal law. New York has sued Coinbase and Gemini, citing alleged violations of state gambling law.