Regulating Prediction Markets & Meta’s $375M Lawsuit 3/25/26
As lawmakers take aim at prediction markets, Senators Adam Schiff (D-CA) and John Curtis (R-UT) discuss the bipartisan ‘Prediction Markets Are Gambling Act,’ why they support banning sports-style betting. The Senators and CNBC’s own Emily Wilkins all weigh in on the Capitol Hill negotiations on DHS funding. Then, a New Mexico jury has ordered Meta to pay nearly $400 million in a civil case over child safety on its platforms. New Mexico Attorney General Raúl Torrez explains the ruling, what it could mean for big tech and social media, and what comes next in the appeals process. Plus, OpenAI shutters its video app Sora. Emily Wilkins - 12:04 Senators John Curtis & Adam Schiff - 17:23 Raúl Torrez - 35:56 In this episode: Emily Wilkins, @emrwilkins John Curtis, @SenJohnCurtis Adam Schiff, @SenAdamSchiff Raúl Torrez, @TorrezforNM Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Audio is streamed directly from the publisher (dts.podtrac.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
As lawmakers take aim at prediction markets, Senators Adam Schiff (D-CA) and John Curtis (R-UT) discuss the bipartisan ‘Prediction Markets Are Gambling Act,’ why they support banning sports-style betting. The Senators and CNBC’s own Emily Wilkins all weigh in on the Capitol Hill negotiations on DHS funding. Then, a New Mexico jury has ordered Meta to pay nearly $400 million in a civil case over child safety on its platforms. New Mexico Attorney General Raúl Torrez explains the ruling, what it could mean for big tech and social media, and what comes next in the appeals process. Plus, OpenAI shutters its video app Sora.
Emily Wilkins - 12:04
Senators John Curtis & Adam Schiff - 17:23
Raúl Torrez - 35:56
In this episode:
Emily Wilkins, @emrwilkins
John Curtis, @SenJohnCurtis
Adam Schiff, @SenAdamSchiff
Raúl Torrez, @TorrezforNM
Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick
Cameron Costa, @CameronCostaNY
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.