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Joshua Kushner has broken his silence on FIFA's failed plan to sell stakes in its tournaments, attributing the collapse to political infighting in global football. The investor conceded his firm underestimated the backlash, despite backing the initiative's goals.
FIFA has officially cancelled its plan to sell stakes in World Cup tournaments to private investors after strong opposition from continental confederations and the threat of a European boycott. President Gianni Infantino said the project had become too divisive and no longer served its original goals.
Democratic Senators Elizabeth Warren and Adam Schiff have urged the SEC to investigate Trump Media's Truth API, which sells early access to President Trump's Truth Social posts for up to $100,000 per month. They argue this could constitute insider trading and conflicts of interest, as Trump holds a 41% stake in the company and his past posts have moved markets.
France and Germany have formally ended the FCAS joint sixth-generation fighter jet project due to leadership disputes, dealing a blow to EU defense cooperation. Experts say the failure highlights conflicts between national interests and integration goals but does not end Europe's strategic autonomy ambitions.
Kalshi, a prediction market platform, is implementing new measures to combat insider trading, including collecting employment data from users in high-risk markets. The move follows a series of allegations and legal cases involving insider trading on Kalshi and rival Polymarket.
Italian financial police announced the seizure of over $232 million in assets linked to late Cosa Nostra boss Matteo Messina Denaro. The cross-border operation traced illicit funds through multiple countries and included luxury resorts, financial portfolios, and business holdings. Three people were arrested.
The Republican-controlled US Senate has delayed a vote on a $72 billion immigration enforcement bill, citing disputes over a $1.8 billion 'anti-weaponisation' fund tied to a Trump lawsuit and a $1 billion White House ballroom request. The move reflects rare intraparty opposition to President Trump ahead of the Memorial Day recess.
