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House Questions Big Tech Over Antitrust Concerns

PYMNTS

Across a trio of hearings , Facebook was grilled about Libra , the cryptocurrency program that has been increasingly drawing scrutiny from regulators. He said there has been a “less open” environment that has become “hostile to innovation and entrepreneurship.” Cicilline noted there have not been challenges from antitrust regulators.

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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

Indeed, co-founder Alejandro Resnik, the CEO, told the WSJ in 2015 that it was looking to raise a “monster round” of $300 million at a $2 billion valuation to fuel its national expansion. The company also found itself confronted by conflicting energy program mandates and regulations. Company: Bling Nation. via TechCrunch.

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Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

PYMNTS

Three other states are ready to do so, according to one analysis : Pennsylvania, New York and Rhode Island — all of which have some form of pre-fabricated legislation paving the way for sports betting. The state allows both online and offline sports betting, with regulation oversight provided by the West Virginia Lottery Commission.