Prediction: The Trump right is heading for chaos.
It seems the MAGA-tech bro alliance is crumbling, with uncertainties over the administration’s loyalties. Once bound by Elon Musk’s antics and Big Tech’s financial contributions to Trump’s legal battles, the Trump administration has now prioritized financial interests. The Commodity Futures Trading Commission (CFTC) plans to sue states attempting to regulate prediction markets. On Tuesday, the CFTC filed an amicus brief to the Ninth Circuit Court of Appeals, opposing states’ lawsuits against prediction markets like Kalshi and Polymarket. CFTC chairman Michael Selig issued a video warning against any challenges to its authority.
Utah Governor Spencer Cox criticized the CFTC, arguing that prediction markets resemble gambling and pledged to continue legal challenges. Utah previously opposed federal overreach on tech matters, aligning with the Church of Jesus Christ of Latter-day Saints’ anti-gambling stance.
Anthropic CEO Dario Amodei has encountered Pentagon skepticism regarding collaboration. Despite Anthropic’s advanced AI technologies, they face potential backlash over ideological perceptions.
Steve Bannon faces internal scrutiny within the MAGA camp due to controversial past communications, while anti-Big Tech lawyer Mike Davis has acknowledged influencing the removal of Gail Slater from the Justice Department. Bannon also faces legal issues concerning a cryptocurrency venture.
The White House is hosting discussions with the crypto and banking sectors to finalize stablecoin interest agreements. A decision deadline is looming.
Finally, Health and Human Services Secretary Robert F. Kennedy Jr. appears to outshine Kid Rock in recent media.
For more insights, tips can be shared with The Verge.