Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

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Separately, Kalshi has also suspended and fined a politician who was running to be Governor of California. "In May, our Surveillance Department saw an online video by a candidate for Governor of California that appeared to show him trading on his own candidacy," Kalshi says. "We immediately froze his account and opened an investigation. The candidate was initially cooperative and acknowledged that this violated the exchange rules. As a candidate in a race, you can (and probably should) follow and use Kalshi’s market forecast, but you should not trade on it."

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SpeedPro CEO Paul Brewster says demand for the company’s services has remained strong, with the system now at 130 studios and $115 million in annual sales.

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