Billionaire Bill Ackman blasts $2M ‘shakedown’ demand by former staffer

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Billionaire hedge fund boss Bill Ackman says he’s the victim of a “shakedown” attempt by a former employee demanding a $2 million severance payment after alleging an “unsafe workplace” — prompting wealthy captains of industry to publicly back the moneyman. Ackman recently laid out his case in a lengthy X post that quickly went viral, […]


Iowa prediction markets bill taxes trading platforms

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The Iowa Senate has signed off on a bill that would bring new rules and taxes to a fast-expanding corner of finance often called prediction markets. Lawmakers approved Senate File 2470 on Tuesday (March 31), making it the first time a state legislative chamber has moved to formally regulate this type of trading. The proposal […]


Billionaires bolt from Bill Gates’ scandal-scarred Giving Pledge as critics brand it ‘Epstein-adjacent’

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The Bill Gates-backed campaign urging billionaires to donate most of their fortunes to good causes is reportedly facing backlash as tech moguls mock the philanthropy club and Gates’ recently revealed ties to late financier and sex offender Jeffrey Epstein continue to shadow the initiative. Critics like Peter Thiel, who is not a signatory, have derided […]


Wisconsin mobile sports betting bill heads to Senate

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The Wisconsin State Assembly has signed off on Assembly Bill 601, pushing forward a plan that would allow mobile or online sports betting across the state under a structure run by federally recognized Native American tribes. The vote sends the proposal to the State Senate, showing the clearest momentum yet for supporters who want to […]


Maryland online gambling bill sparks enforcement concerns

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Maryland lawmakers are weighing a proposal that could stretch the state’s gambling laws well beyond its borders, potentially pulling web hosts, payment companies and platform providers around the world into its enforcement net. House Bill 1226, titled the Maryland Illegal Online Gambling Enforcement Act, would let the Attorney General issue cease-and-desist orders to any sweepstakes […]


Congress members back bill banning insider prediction markets

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Thirty Congress members have supported a bill that would prevent federal officials and political employees from using prediction markets that could be influenced by insider information. After an anonymous Polymarket user cashed out with over $400,000 on a trade related to the operation to depose Venezuelan President Nicolás Maduro, concerns were raised that the bet […]


Bill Gates sends $8B to ex-wife Melinda’s charity in one of largest divorce-related payouts ever

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Bill Gates quietly sent nearly $8 billion to the private foundation of his ex-wife, Melinda French Gates, in what amounts to one of the largest divorce-related payouts ever disclosed. The $7.88 billion donation was made in 2024 to the Pivotal Philanthropies Foundation, a relatively new nonprofit launched by French Gates, according to a newly released […]


Bill Ackman doubles down on his dating advice despite being ruthlessly mocked online

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Billionaire investor Bill Ackman said Wednesday he was pleased that his dating advice went viral on X over the weekend, adding that he hopes it encourages more real-world connection in an age of social media isolation. On Saturday, Ackman wrote in a post on X that “the online culture has destroyed the ability to spontaneously […]


Business leaders cheer Bill Gates ditching climate doom

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After years of predicting a global warming doomsday scenario, Bill Gates is seemingly walking back those views and prioritizing innovation above alarmism. Earlier this week, Gates released “Three Tough Truths About Climate,” a memo that marked a striking departure from his previous advocacy. He wrote that ultimately global warming “will not lead to humanity’s demise” […]


California passes bill to give insurance interest to homeowners

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An aerial view of properties cleared of wildfire debris which burned in the Eaton Fire on July 03, 2025 in Altadena, California. Mario Tama | Getty Images News | Getty Images The California state legislature passed a bill Monday that ensures homeowners, not lenders, receive at least some of the interest on insurance payouts for […]