KakaoPay has lost its court challenge against South Korea's privacy regulator over the transfer of roughly 40 million customers' personal data to Alipay, with a Seoul court ruling that the fintech company hand... (more story)

The US Commodity Futures Trading Commission released draft rules for prediction markets such as Kalshi and Polymarket that would set up a framework for evaluating case by case whether wager contracts are illeg... (more story)

Ireland says it will try to seal political deals with EU lawmakers on key, and often tricky, financial reforms during its time chairing legislative talks for the bloc's member states between July and December ... (more story)

The Financial Stability Board has proposed a set of 12 practices aimed at helping financial institutions adopt artificial intelligence responsibly, as regulators across jurisdictions seek to balance innovation... (more story)

Travis Hill, the head of the US Federal Deposit Insurance Corp., unveiled preparations to scale back resolution plan requirements for large banks and to reduce these firms’ deposit insurance assessments. As pa... (more story)

Former UK fund manager Neil Woodford’s investment "news and views" service, W4.0, has pushed back at the financial regulator over its plan to take legal action against it for potentially offering investment ad... (more story)

The US Securities and Exchange Commission and the US Commodity Futures Trading Commission established technical standards for data submitted to some financial regulators under a 2022 law. The two agencies were... (more story)

Samuel Bankman-Fried, the founder of FTX who was sentenced to 25 years in prison for stealing billions of customer deposits and investor funds provided to his cryptocurrency exchange, has asked President Donal... (more story)