U.S. Officials Review Tencent’s Stakes in Epic Games, Riot Games Over Security Concerns 
DBS Wins Key Licence to Underwrite Corporate Bonds in China’s Interbank Market 
Foxconn Sees Strong Growth Ahead Despite Limited Impact From U.S.–Israel–Iran Tensions 
U.S. Considers New Rules Tying AI Chip Exports to Investment and Security Guarantees 
Indonesia Issues Stern Warning to Meta Over Online Gambling and Disinformation 
OpenAI Explores New Code-Hosting Platform to Reduce Dependence on GitHub 
Broadcom Stock Jumps After Strong Earnings Beat and Bullish AI Revenue Outlook 
Amazon Website Outage Disrupts Thousands of U.S. Shoppers Before Services Recover 
Tanzania’s economy: Strong Foundations, Positive Indicators 
Wizz Air Receives Tentative U.S. Approval for UK–U.S. Flights Amid Rising Travel Demand 
Pentagon Labels Anthropic AI a Supply-Chain Risk, Restricting Use in U.S. Military Projects 
Morgan Stanley to Cut 2,500 Jobs as Wall Street Layoffs Continue 
US Lawmakers Raise Security Concerns Over Intel Testing ACM Research Chipmaking Tools 
SoftBank Seeks Up to $40 Billion Loan to Fund Major Investment in OpenAI 
Iran Crisis Could Threaten AI Data Center Expansion and Global Chip Demand, South Korea Warns 
BYD Launches Next-Generation Blade Battery With 1,000 km Range as EV Competition Intensifies 
FDA Warns Novo Nordisk Over Misleading Ozempic Ad Claims 
Illinois state Rep. Mike Zalewski announced today that a new legislation has been introduced to regulate fantasy sports sites. TechCrunch said that the legislation intends to regulate popular fantasy sports sites like FanDuel and DraftKings. Along with the legislation was the creation of an agency designated to enforce rules that would govern the fantasy sports industry.
Endgadget said the legislation appears to be timely, as both FanDuel and DraftKings were embroiled in an insider trading scandal just recently.
Former Obama administration official, lawyer Seth Harris, who would be leading the Fantasy Sports Control Agency that will monitor and enforce regulations in the fantasy sports industry, told Wall Street Journal about the agency plans, “We’re going to develop a set of industry standards. We’re going to ask all of the companies that are engaged in cash games to establish controls, processes, and leadership that will ensure compliance with those standards.”
Fanduel has since spoken up about the legislation, and told TechCrunch that they welcome the development. A company spokesperson said, “We welcome the opportunity to work with Rep. Zalewski and lawmakers in Illinois to safeguard consumers, introduce best practices that the entire fantasy industry can adhere to, and ensuring that sports fans across Illinois can continue to play fantasy sports.”
