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U.S. Army Master Sergeant Gannon Ken Van Dyke pleaded not guilty Tuesday to five federal charges over a series of Polymarket bets that turned $33,000 into more than $404,000, in what prosecutors describe as the first insider-trading case ever filed against a prediction-markets trader. Key Takeaways: Van Dyke pleads not guilty to five federal charges … Read more
At least 276 people were arrested in a global cryptocurrency scam crackdown that dismantled nine alleged fraud centers targeting Americans. Authorities said the schemes used fake platforms, online trust-building, and rapid laundering to move victims’ crypto beyond their control. Key Takeaways: U.S. authorities cited “unprecedented” cooperation with China and Dubai in arresting 276 suspects. Fraud … Read more
President Donald Trump directed aides to prepare for an extended naval blockade of Iranian ports, pushing Brent crude above $115 per barrel on April 29 and widening what the International Energy Agency called the largest supply shock on record. Key Takeaways: Brent crude climbed above $115 per barrel on April 29 as Trump ordered preparations … Read more
The Senate Banking Committee voted 13-11 along party lines Wednesday to advance Kevin Warsh’s nomination as the next chair of the Federal Reserve, sending the pick to the full Senate for a final confirmation vote. Key Takeaways: The Senate Banking Committee advanced Kevin Warsh’s Fed Chair nomination 13-11 on April 29, 2026. Sen. Thom Tillis … Read more
The United Arab Emirates officially withdrew from OPEC and the broader OPEC+ alliance on April 28, 2026, and bitcoin fell below $76,000 within hours of the announcement. Key Takeaways: The UAE exits OPEC on May 1, 2026, ending 59 years of membership and removing OPEC’s third-largest producer. Bitcoin fell from a weekly high of $79,490 … Read more
Warren Buffett used his first sit-down interview since stepping down as Berkshire Hathaway CEO to bundle prediction markets, legalized sports betting, and day trading into a single critique, calling state-sponsored gambling a “tax on stupidity” that quietly subsidizes wealthy Americans – a take which is now receiving renewed attention on social media, having been originally … Read more
Bitcoin fraud claims led to a federal prison sentence for Sze Man Yu Inos. The case highlights how personal trust and false investment promises can expose older victims to major losses. Key Takeaways: Inos received prison time after prosecutors described false bitcoin investment claims. Saipan victims faced wider financial harm as the scheme expanded geographically. … Read more
Sanders stressed that even as most AI scientists acknowledge the possibility of AI escaping control and becoming a danger to our existence, no major measures have been taken to avoid it. “We must make certain that Al benefits humanity, not hurts us,” he stated. Key Takeaways: Bernie Sanders warns humanity might lose control of AI, … Read more
Prediction markets and CME futures traders have converged on one outcome ahead of the April 29 Federal Open Market Committee (FOMC) meeting: the Federal Reserve will hold rates steady, and likely will continue doing so well into the summer. Key Takeaways: CME Fedwatch puts a Fed hold at 99% for the April 29 FOMC meeting, … Read more
State gambling enforcement against Kalshi is being challenged as 38 attorneys general back Massachusetts’ lawsuit. The case could shape whether states can enforce gambling licensing rules against event contracts. Key Takeaways: Coalition of 38 attorneys general supports Massachusetts lawsuit alleging Kalshi enables unlicensed sports betting activity. CFTC filing adds to the dispute as federal regulator … Read more