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News
U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court
2+ week, 2+ day ago (354+ words) Legal experts have widely expected that the question of sports-related event contracts, and whether state..."Ultimately, this is the kind of legal controversy or legal difference of opinion which will make its...
HBK takes outside investment
2+ week, 5+ day ago (358+ words) Houlihan Lokey served as financial advisor and Levenfeld Pearlstein LLC as legal counsel to HBK, while...William Blair served as financial advisor and Ropes & Gray LLP as legal counsel to H.I.G....
Thomson Reuters develops independent AI frontier model 'Thomson' in push for 'AI sovereignty"
2+ week, 4+ day ago (413+ words) independently developed AI frontier model Thomson, which the company plans to deploy throughout its legal...and tax portfolio over time, starting with Tabular Analysis inside CoCounsel Legal, where it now provides...
False info, real problems: The human in the AI loop
1+ week, 4+ day ago (1104+ words) "Anything involving technical conclusions, regulations, citations, legal interpretations, client recommendations...
Statement on Regulation Crypto Assets
3+ week, 5+ day ago (460+ words) The Commission’s approach to crypto in recent years—advancing untested legal theories through enforcement...
Will AI replace accounting firms in the small biz market?
2+ week, 6+ day ago (944+ words) Because of artificial intelligence, small-business owners today have choices that they never had before. Financial reporting is just one of the areas where AI can reduce costs the most, especially for companies with $10 million to $70 million in revenue. Today, many…...
NFL and midterm elections set up prediction markets for a critical fall season
1+ day, 5+ hour ago (839+ words) Prediction markets that rode politics and sports to new heights the past two years are betting on their convergence this autumn to drive even more adoption. In 2024, event contract exchanges entered the mainstream with trades tied to the presidential election…...
Right-sizing risk management
1+ mon, 1+ week ago (522+ words) Review practical tips for small firms and sole practitioners to right-size the building blocks of risk management: acceptance, billing, communication, documentation, and engagement letters — to help avoid disputes and malpractice claims....