Crypto

Clarity Act could shape CFTC authority over prediction markets in U.S.

A bill known as the Clarity Act being discussed in the U.S. Congress could provide grounds to expand the Commodity Futures Trading Commission\'s oversight of prediction markets, a claim said to have been raised. At a House subcommittee hearing, legal experts focused on regulatory gaps around sports event prediction markets and conflicts between federal and state rules. Debate is intensifying over how far the CFTC can oversee platforms such as Kalshi and Polymarket.

AI & Enterprise

U.S. Treasury secretary says U.S. could sanction Chinese AI firms if tech theft confirmed, IP probe launched

The United States is investigating whether Chinese open-source artificial intelligence models infringed U.S. intellectual property and warned it could impose sanctions on Chinese AI companies if violations are confirmed. Treasury Secretary Scott Bessent said the U.S. supports open-source AI but not IP infringement. The remarks come amid concern in the United States about the performance and rapid global spread of Chinese models and debate over whether model distillation using competitors’ outputs constitutes IP theft.