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Lula bucks prediction markets with Brazilian presidential win

The Hill - Oct 26, 2026

Brazilian President Luiz Inácio Lula da Silva bucked prediction market odds with his unlikely win in the Brazilian presidential runoff election this weekend. On Sunday, Lula was rated an underdog in the election, as his odds were at 20.2 percent on Kalshi and 20.5 percent on Polymarket at noon EDT. His opponent, Flávio Bolsonaro, the...

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Crow: Elon Musk having control to cut off Starlink to Ukraine is 'beyond disturbing to me'

Oct 25, 2026

Crow: Elon Musk having control to cut off Starlink to Ukraine is 'beyond disturbing to me'

Rep. Jason Crow (D-Colo.) on Sunday said that SpaceX CEO Elon Musk having the ability to cut off Starlink access to Ukraine is "beyond disturbing to me." "Face the Nation" host Margaret Brennan asked Crow about satellite services provided by SpaceX being fully restored in Ukraine after Musk on Saturday alluded that he slowed down...

Schiff: Hegseth should face Senate questions over Starlink slowdown

Oct 25, 2026

Schiff: Hegseth should face Senate questions over Starlink slowdown

Sen. Adam Schiff (D-Calif.) on Sunday called for Defense Secretary Pete Hegseth to testify before the Senate over Starlink’s slowdown to its satellite service in Ukraine, which disrupted the country’s military capabilities. On NBC News's “Meet the Press” on Sunday, Schiff told host Kristen Welker that if Democrats were to regain control of the Senate,...

Newsom amasses fundraising machine that could power 2028 bid

Oct 25, 2026

Newsom amasses fundraising machine that could power 2028 bid

If California Gov. Gavin Newsom (D) enters the 2028 presidential race as many Democrats expect, he’ll walk in with an asset other White House hopefuls will inarguably envy: a small-dollar fundraising and organizing machine powered by a massive and ever-growing contact list of potential supporters across the country. Even before last year’s successful Proposition 50...

Musk says he was behind Starlink's slowdown in Ukraine

Oct 25, 2026

Musk says he was behind Starlink's slowdown in Ukraine

Elon Musk on Saturday alluded to being behind last week’s Starlink slowdown in Ukraine which impacted the country’s military capabilities. “Ukraine military violated Starlink terms of service and used it for offensive drone strikes to kill people. That loophole was closed last week,” Musk wrote on social media Saturday. The slowdown happened as Ukraine’s military...

Paxton sues OpenAI, Altman for failing to warn Texans about ChatGPT's 'dangers'

Oct 23, 2026

Paxton sues OpenAI, Altman for failing to warn Texans about ChatGPT's 'dangers'

Texas Attorney General Ken Paxton (R) sued OpenAI and its CEO Sam Altman on Friday, accusing the company of failing to warn consumers about the potential dangers from its AI models. The lawsuit alleges the ChatGPT maker is running afoul of a Texas consumer protection law and kids' online safety law, underscoring warnings about the...

Trump denies speaking to Musk about Starlink but says he will if it’s not fixed

Oct 23, 2026

Trump denies speaking to Musk about Starlink but says he will if it’s not fixed

President Trump said he did not speak to Elon Musk about the tech leader's decision to restrict Starlink access for Ukraine but warned he will do so if access is not restored. "I have not spoken to him," Trump told reporters on the White House South Lawn. "I might have to, but I have not....

Musk midterm spending tops $442M

Oct 23, 2026

Musk midterm spending tops $442M

Tech mogul Elon Musk has spent more than $442 million in the midterm elections, after pouring another $76.8 million into his super PAC over the past month, campaign finance filings show. America PAC, which Musk launched during the 2024 elections, received the influx of cash from the SpaceX and Tesla CEO over the course of...

GOP pushes for oversight of Musk’s dominance of space

Oct 23, 2026

GOP pushes for oversight of Musk’s dominance of space

Republican lawmakers alarmed over Ukraine’s loss of access to Starshield, a critical battlefield tool, are pushing for more congressional oversight on what some view as Elon Musk’s “space monopoly,” fearing that Musk will have too much power over future national security operations. Sen. Kevin Cramer (R-N.D.), a member of the Senate Armed Services Committee, on...

Inside the unlikely coalition taking on prediction markets

Oct 23, 2026

Inside the unlikely coalition taking on prediction markets

A fight over who can regulate prediction markets and whether they constitute gambling is creating strange bedfellows, as the two sides dig in for a protracted legal battle with millions of dollars at stake. The commercial gaming industry finds itself aligned with tribal gaming and unions, as they argue states and tribes should be able...

Treasury Department proposes curbs on high-tech investments in China, Russia, North Korea

Oct 23, 2026

Treasury Department proposes curbs on high-tech investments in China, Russia, North Korea

The Treasury Department on Thursday proposed a rule to curb American high-tech investments, including in AI, based in U.S. adversary countries such as China, Russia, North Korea and other "countries of concern." The rule expands restrictions in the Outbound Investment Security Program (OISP) on hypersonic systems and quantum information technologies, high-performance computing and supercomputing and...

SpaceX investor: Starlink is ‘not reliable for national security for anybody but Trump’

Oct 22, 2026

SpaceX investor: Starlink is ‘not reliable for national security for anybody but Trump’

SpaceX investor Ross Gerber, CEO of Gerber Kawasaki, said he is “disgusted” by the recent events surrounding the slowdown of Starlink services in Ukraine, which impacted the country’s military capabilities. “As a SpaceX shareholder I am disgusted,” Gerber said Wednesday during an appearance on CNN. “I think that these decisions were strategically horrendous and from...

Hegseth bars US forces from using undisclosed information to bet on Polymarket, Kalshi

Oct 22, 2026

Hegseth bars US forces from using undisclosed information to bet on Polymarket, Kalshi

Defense Secretary Pete Hegseth barred all Pentagon staff from using undisclosed information to place wagers on forthcoming U.S. military action using betting platforms and prediction markets like Kalshi and Polymarket. “Make no mistake why this matters. Our enemies watch movements in these markets," Hegseth said in a memo, first obtained by CBS News. "When an American...

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