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Business May 26, 2026

Spain Blocks Polymarket and Kalshi Amid Gambling Licence Probe

Spain’s Ministry of Consumer Rights has ordered domestic providers to block access to prediction‑ma…
Spain’s Consumer Ministry Blocks Polymarket and Kalshi On 26 May 2026, Spain’s Ministry of Consumer Rights ordered domestic internet providers to block access to prediction‑market platforms Polymarket and Kalshi while it investigates whether the sites operate without a required gambling licence. Disciplinary Proceedings Launched Over Unlicensed Gambling Operations The ministry announced disciplinary proceedings, stating the platforms allow bets on “uncertain future outcomes” such as weather and political events, which under Spanish law classifies them as gambling. Operators must obtain a specific administrative licence that mandates identity verification, age checks, and exclusion mechanisms. Three‑to‑Four‑Month Investigation Timeline and European Precedents Investigation expected to conclude in 3‑4 months. Similar bans already in place in France, Belgium, the Netherlands, and Romania. Prediction‑market sector valued at several billion dollars, with some platforms seeking valuations up to $15 bn. Ripple Effects Across the European Prediction‑Market Landscape The Spanish action adds pressure on an industry that has faced accusations of immorality and insider‑trading concerns. Companies may need to redesign compliance frameworks, potentially raising operating costs and limiting user growth in the EU. Future Outlook: Tighter EU Oversight and Possible Market Fragmentation If Spain’s investigation results in a licence denial, other EU regulators are likely to follow suit, leading to a fragmented market where platforms operate only in jurisdictions with clear gambling licences. Conversely, a granted licence could set a regulatory benchmark for the sector.
#Polymarket #Kalshi #Spain
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Tech May 26, 2026

US Students Boo Pro-AI Graduation Speakers: 'They're Not Reading the Room'

Recent graduates at multiple US universities have booed speakers who praised artificial intelligenc…
The Graduation Backlash Against AI OptimismWhen Jacob Pagel graduated from Middle Tennessee State University this spring, predictions about artificial intelligence already had him questioning the value of his degree. Then a music executive started preaching about AI's transformative power during a commencement speech."This industry will change on you in a heartbeat. It has already changed more in the last 10 years than in the 50 years prior … AI is rewriting production as we sit here," said Scott Borchetta, CEO of the record label Big Machine. After a few stray boos from graduates, he doubled down: "Deal with it."The students' jeering grew louder, but Borchetta barreled through: "You can hear me now or you can pay me later … then do something about it. It's a tool. Make it work for you." He continued: "The things you learned in your first year here may already be obsolete."Multiple Universities, Same Student FrustrationBorchetta's speech is one of several at commencement ceremonies this spring that have revealed a disconnect between the executives championing AI and students, eliciting derision in real time even for Google's former CEO. Recent graduates at the University of Central Florida and the University of Arizona booed speakers who compared the advent of AI to the Industrial Revolution and the development of the laptop and smartphone.At the University of Arizona, 20-year-old Arian Chavez, was angry about his school's decision to let ex-Google CEO Eric Schmidt speak, even before he got on stage. Chavez, a junior studying chemical engineering, is part of a group called Students for Socialism, and helped them organize an online petition to remove Schmidt as a commencement speaker."I know what many of you are feeling about that. I can hear you," Schmidt said, amid a chorus of boos. "There is a fear in your generation that the future has already been written, that the machines are coming, that the jobs are evaporating, that the climate is breaking, that politics is fractured, and that you are inheriting a mess that you did not create, and I understand that fear."Public Sentiment: AI's Poor ReceptionThe students at these ceremonies "are a mouthpiece for the population at large", according to Cornell University professor Sarah Kreps, who has studied societies' reactions to new technology. "These tech executives are not reading the room … These kids have spent hundreds of thousands of dollars on a degree that they don't know will serve them well."While they may feel AI's disruptive effects acutely as entry-level job seekers, AI has proved unpopular among the general US public. A national survey conducted for NBC News earlier this year polled 1,000 registered voters and found only 26% view AI positively and 46% view it negatively. AI scored worse than US Immigration and Customs Enforcement (ICE), Donald Trump and Kamala Harris on the same poll, but better than the Democratic party and Iran.Anger against AI is palpable across the country – from communities protesting against datacenters powering the AI boom, to workers disputing their CEOs' claims that AI can, effectively, replace them.The Economic Reality Behind the Student AnxietyPagel and his peers are entering a job market where AI's efficiency is already being used to justify mass layoffs. While it's unclear which jobs may be entirely replaced by AI – and whether AI could eventually create more career pathways than it destroys – recent graduates are feeling betrayed."We've been pushed our entire lives to get our diplomas. Then you pulled the rug out from underneath us, and said: 'Oh, you know those four years you spent learning how to do very specific things, you don't need to do it any more,'" Pagel says. "We can get a computer to do it for two-thirds the price."CEOs' graduation speeches about AI have become a preventable PR disaster, according to Parry Headrick, founder of Crackle PR, a tech public relations agency that has worked with startups. Executives should have acknowledged and reassured students' anxieties, while also advising them to adapt."What in the heck is anybody who is young and in school supposed to do when you have these tech executives beating their chests about the next Industrial Revolution when they can't afford to buy groceries or pay for rent?" Headrick asks. Nearly half of college students said their financial stress made it hard to concentrate on their coursework, according to a 2026 report from Trellis Strategies, a research group focused on postsecondary education.AI's Practical Impact on Education CeremoniesAt Glendale Community College in Arizona, it wasn't a graduation speaker that drew students' ire, but the AI-powered machine reading out their names. Turns out, it missed some.College president Tiffany Hernandez apologized and told graduates towards the end of the ceremony: "Here's what's happening. We're using a new AI system as our reader," she said, as boos roared through the arena. Hernandez paused for a few seconds and let out a few nervous laughs. "That's a lesson learned from us."Aidan Benjamin, who is graduating from Glendale Community College this summer with an associate's degree in accounting, was at the ceremony to support his cousin. He thought she would be walking the stage. She never did, because the AI announcement system never called her name."I was booing because I was like, this sucks. This is such a big moment for students." Benjamin said they both laughed about the malfunction afterwards. "But it just didn't feel good at the end of the day, like, it shouldn't have happened that way," he says.The Future of AI in Education and CareersPagel is considering a career in helping children undergoing medical treatment, or entering politics – perhaps running for office, or working as a liaison for federal agencies. "That sphere depends on human face-to-face interaction. No computer can take that," he says, calling AI-generated campaign ads "the cheap route"."It's up to us as engineering students to use our knowledge for the service of the planet and not billionaires," says Arian Chavez, who wants to work in the environmental regulation of chemical plants.As AI continues to reshape industries and education, the graduation protests may represent an early indicator of a generational shift in how technology is perceived – not as an unqualified good, but as a force that requires careful management to avoid displacing workers and devaluing human expertise.
#AI #Education #Technology
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Politics May 26, 2026

UK Pushes for Stricter Under‑16 Social Media Rules Amid Growing Safety Concerns

The UK government is consulting on tighter controls for under‑16s on social‑media platforms, propos…
The Consultation Aims to Rein in Under‑16 Social Media UseBritain’s Online Safety Act is being extended with a new consultation that could impose an Australia‑style ban on users under 16, or force platforms to disable "addictive" features such as infinite scrolling, push notifications and autoplay. The deadline for written submissions is Tuesday night, and ministers have signalled a rapid legislative response.Possible outright ban for under‑16s on major platforms.Alternative: block only services that fail strict safety standards.Targeted curbs on algorithmic feeds and endless‑scroll designs. Bereaved Parents Call for a Nuanced, Not Blanket, ApproachIan Russell, 62, father of Molly Russell (who died after exposure to harmful content on Instagram and Pinterest), urges a "nuanced" strategy. He opposes a blanket ban, warning it would create a "cliff edge" where teens jump to unregulated apps once they turn 16. Russell wants platforms that do not meet safety criteria blocked for under‑16s, while "safe" apps remain accessible.Esther Ghey, 39, mother of the late Brianna Ghey, backs raising the age limit. She argues that social‑media addiction contributed to her daughter’s mental‑health decline and risky behaviour. Ghey also stresses the need for digital‑literacy education alongside any age‑based restrictions. Teen Voices Highlight Complexity and Practical ConcernsFin, a 17‑year‑old sixth‑form student, describes the proposals as "incredibly harsh" for youths who rely on platforms for news and social connection. He suggests tiered restrictions rather than a total ban and points out that schools already depend on smartphones for learning tools like Google Classroom and Microsoft Teams.Focus groups run by the NSPCC with 11‑ to 18‑year‑olds echoed these sentiments, calling for a "layered approach" that lets young people gain gradual exposure while retaining control over content and interactions. Parliamentary Perspective on Regulation and EnforcementChi Onwurah, MP, emphasises that any new rules must be enforceable and backed by clear accountability for tech firms. She warns that without robust monitoring, a simple age limit could be bypassed, undermining the intended protective effect. What Comes Next for UK Online Safety Policy?The government will review the consultation responses and is expected to draft legislation before the end of the year. Stakeholders are urging a balance between protecting children from harmful content and preserving their ability to engage responsibly online. The outcome will shape how the UK aligns with global trends in digital‑age regulation and could set a precedent for future tech‑policy debates.
#UK Government #Online Safety Act #Molly Russell
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Politics May 26, 2026

UK to Crack Down on Teenagers' Social Media Use 'Very Quickly'

The UK government plans to impose a crackdown on teenagers' social media use 'very quickly' after a…
The Government's Plan to Regulate Social Media Keir Starmer has announced that the government will take action to regulate social media use among teenagers 'very quickly' after a consultation on the topic ends tonight. The Consultation and Proposed Measures The consultation on children and social media is closing this evening, and Starmer emphasized that the government has received many responses and held discussions with parents and experts. Starmer stated: 'The question now is not whether we do something, we are going to act, I'm absolutely clear that this needs to be something where there's a game changer.' He did not specify which crackdown options the government would choose. The Impact on Teenagers and Social Media The proposed measures are likely to include time limits, curfews, or a ban on certain platforms for under-16s. The Academy of Medical Royal Colleges has called for action, stating that 'unfettered exposure to tech and devices is currently having on children and young people's health.' The Future of Social Media Regulation The government's decision to regulate social media use among teenagers reflects growing concerns about the impact of social media on children's health and wellbeing. The move is expected to have significant implications for the tech industry and social media platforms.
#Keir Starmer #Social Media #UK Government
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Sports May 26, 2026

João Palhinha Expresses Desire to Stay at Tottenham After Relegation Escape

Midfielder João Palhinha, who scored the decisive goal to help Tottenham avoid relegation, has expr…
The Lead: Palhinha Commits to Tottenham FutureJoão Palhinha has made it clear he wants to remain at Tottenham Hotspur after playing a crucial role in helping the club avoid relegation from the Premier League. The midfielder, currently on loan from Bayern Munich, scored the decisive goal against Everton that secured Tottenham's top-flight status for another season.The Decisive Moment: Goal That Secured Premier League StatusPalhinha's strike against Everton proved to be the difference as Tottenham preserved their Premier League status on the final day of the season. The club finished two points clear of West Ham, who filled the final relegation spot. Tottenham's survival was largely attributed to an impressive return of 11 points from seven games under manager Roberto De Zerbi, who was brought in to save the team from the drop.The Financial Analysis: €30m Option to Make Deal PermanentTottenham holds an option to make Palhinha's move permanent for a fee of €30m (£26m). Manager Roberto De Zerbi has been unequivocal in his desire to complete the signing, stating he "100%" wants the deal to happen. This would represent a significant investment for the club, but one they appear willing to make given Palhinha's impact during his loan spell.The Player's Perspective: Finding a Home at Tottenham"Since the first day I arrived I feel at home," Palhinha said. "From the supporters, the crowd. Top club. Who doesn't want to play for Tottenham and stay here? I have everything here. But this is like a marriage. What I can say to you is I would really like to be here and I enjoy it a lot this season with this club – even with it being a tough season."The Future Outlook: Learning from a Difficult SeasonLooking ahead, Palhinha is confident that Tottenham can learn from their challenging season and improve significantly. "I think the next season will hopefully be really different and I truly believe," he said. "This season will help Tottenham for the future. Analyse the season, what we did wrong, what we did well and it will be a big improvement and a big relief after the season." The player's positive outlook suggests he sees a long-term future with the club if they can build on their survival and develop a more consistent performance next season.
#João Palhinha #Tottenham #Bayern Munich
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Business May 26, 2026

Ofgem Should Admit Electricity Prices Will Remain Elevated for Years, Says Nils Pratley

Energy regulator Ofgem is expected to keep the electricity price cap high as wholesale and non‑comm…
Britain’s energy regulator is poised to announce another steep quarterly price‑cap, signalling that electricity bills will stay high for the foreseeable future. The rise is driven not just by volatile wholesale prices but by a cascade of non‑commodity costs that are set to balloon over the next decade.Why the Next Ofgem Price Cap Is Likely to Remain ElevatedEnergy consultant Cornwall Insight predicts the typical household electricity bill will reach £1,850 this quarter – an increase of £209 from the previous period. The regulator’s messaging will likely cite the ongoing disruption of the Strait of Hormuz and the mitigating effect of new wind and solar generation.Cost Drivers Behind the Rising Electricity BillsWholesale electricity now accounts for only 30% of the bill, down from 90% a few years ago.Non‑commodity charges – grid upgrades, carbon taxes, warm‑home discounts and nuclear subsidies – dominate the cost structure.Network Use of System charges are projected to jump from £7.6bn this year to £12.1bn by 2029‑30, a ~60% increase.Balancing costs could rise from £2bn annually now to as much as £8bn by 2030.Industry leaders warn that even a 50% cut in wholesale prices would still leave bills 20% higher due to fixed non‑commodity costs.Broader Economic and Industrial ImplicationsHigh electricity prices threaten UK manufacturing competitiveness, as highlighted by the CBI and Energy UK. The Climate Change Committee stresses that cheaper power is essential to accelerate heat‑pump and electric‑vehicle adoption, yet the current cost trajectory delays those decarbonisation gains.What Transparent Medium‑Term Forecasts Could ChangeAnalyst Ben James estimates an average increase of £79 per household between 2025 and 2030. If Ofgem published similar medium‑term models, policymakers could better allocate levies, decide on taxation versus direct subsidies, and provide households with clearer expectations. Greater openness would also sharpen the political debate on who should bear the rising grid and balancing costs.
#Ofgem #Cornwall Insight #Neso
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Sports May 26, 2026

Haitian Community Fears ICE Enforcement at 2026 World Cup

Haitian Americans fear immigration raids as the United States co‑hosts the 2026 FIFA World Cup. Ris…
Haitian Diaspora’s Fear of ICE at the 2026 World CupEmile, a Haitian truck driver living in Ohio, says he may skip the opening match against Scotland at Gillette Stadium because he worries about being arrested by ICE under the Donald Trump administration’s immigration crackdown. His story reflects a broader anxiety among immigrant communities across the United States as the tournament approaches.Immigration Crackdown Shadows US‑Hosted MatchesThe United States will host 78 of the 104 World Cup matches, including Haiti’s group‑stage games against Scotland, Brazil and Morocco. All three matches are on U.S. soil, raising concerns that ICE operations could target fans, workers, and even tourists at stadiums and fan zones.Haiti’s first World Cup appearance since 1974.Matches: June 14 vs Scotland (Foxborough, MA), Brazil (Philadelphia, PA), Morocco (Atlanta, GA).Haitian diaspora in the U.S.: ~850,000 (largest concentrations in Miami and New York).Ticket Prices and Demographic CostsTicket pricing adds a financial barrier to an already fearful environment. FIFA’s December pricing for the USA opener against Paraguay ranges from $1,120 to $2,735. By comparison, the cheapest seats for the 2022 Qatar final were $302.87,000 Haitians reside in Ohio alone.Hispanic community makes up 20% of the U.S. population, concentrated in CA, TX, FL.According to civil‑rights groups, 70% of those detained by ICE have no criminal record.Broader Implications for Immigrant Communities and Event SecurityMore than 120 U.S. civil‑rights organizations, including the ACLU, issued a travel advisory warning of “serious rights violations” for fans and journalists. Labor union UNITE HERE Local 11, representing ~2,000 hospitality workers at Los Angeles’ SoFi Stadium, has threatened to strike if ICE is deployed on match days.FIFA maintains it “is committed to respecting all internationally recognised human rights,” while a DHS spokesperson argues that only undocumented individuals are legitimate targets for enforcement.What the Future Holds for Immigration Policy and Global Sports EventsIf ICE presence is perceived as a threat, attendance from diaspora groups could decline, pressuring organizers to negotiate clearer protections. Ongoing legal challenges to the Trump administration’s attempt to end Temporary Protected Status may influence future tournament hosting decisions and set precedents for how major sporting events address immigration enforcement.
#Haiti #ICE #World Cup 2026
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Sports May 25, 2026

Mexico Steps In to Host Iran’s World Cup Team After US Refusal

Mexico has agreed to host Iran’s national football team for the 2026 World Cup after the United Sta…
Mexico Accepts Iran's World Cup Team Amid US Diplomatic StandoffIn a rapid diplomatic pivot, Mexico announced it will accommodate the Iranian national football team for the upcoming 2026 FIFA World Cup after the United States refused to grant entry visas to the squad. The announcement, made on May 25, 2026, positions Mexico as a critical fallback host and spotlights the intersection of sport and geopolitics.Background: US Refusal to Grant Entry to Iranian SquadU.S. Department of State cited security concerns and existing sanctions as the basis for denying visas.Iranian officials had initially planned to travel through the U.S. for pre‑tournament training camps.The denial left Iran without a viable venue for its group‑stage matches, prompting urgent negotiations.Financial and Logistical Implications for Host NationsEstimated additional cost for Mexico: $12‑15 million covering stadium upgrades, security, and transportation.Travel rerouting adds roughly 2,300 km per team member, increasing airfare and accommodation expenses by 15‑20%.Mexico’s existing infrastructure from the 2026 joint‑host plan (stadiums in Guadalajara, Monterrey, and Mexico City) reduces incremental spending.Regional Repercussions: Shifting Alliances in International SportsThe episode may reshape how regional blocs respond to political interference in sport. Latin American nations, traditionally supportive of FIFA’s neutral stance, now face pressure to balance diplomatic ties with the United States while upholding the tournament’s inclusive ethos.Looking Ahead: What This Means for Future World Cup Hosting PoliciesFIFA is expected to review its contingency protocols, potentially instituting clearer guidelines for visa‑related disputes. Analysts predict that future host contracts will include explicit clauses guaranteeing entry for all qualified teams, reducing the likelihood of last‑minute venue swaps.
#Mexico #Iran #World Cup
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Sports May 25, 2026

Régis Le Bris: The Quiet Architect of Sunderland's European Resurgence

Régis Le Bris has transformed Sunderland from a Championship club to Europa League qualification th…
The LeadOne of Régis Le Bris's first acts as Sunderland's head coach was to preside over a pre-season training camp near Alicante. It was July 2024 and, according to those present, the Breton sometimes cut a slightly isolated figure. "I arrived alone, without any collaborators," Le Bris has said, reflecting on his leap of faith that involved exchanging the familiarity of Lorient for a job that, initially, meant working with Sunderland's existing backroom team rather than bringing hand-picked assistants.The Strategic Transformation at WearsideThe coach who ended last season with a Championship playoff final victory and, a year to the day later, led Sunderland into the Europa League was playing a longer game. "Step by step I started to express my ideas and my concepts," Le Bris said. Slowly but surely he also began to establish a power base on Wearside.Le Bris went unrecognised when, shortly before taking charge at the Stadium of Light, he slipped into the back of a lecture room where Sunderland's club historian, Rob Mason, was recounting the team's sometimes illustrious past. But within six months Le Bris would be serving as a magnet, his unshowy pulling power attracting some of football's brightest emerging talents.Everything changed in January 2025. Sunderland's young, inexperienced side were pushing for automatic promotion and, unusually, the owner, Kyril Louis-Dreyfus, allowed Le Bris rather than the then sporting director, Kristjaan Speakman, to take the lead on pursuing a statement signing.The Recruitment Revolution and Financial InvestmentLe Bris had first coached Enzo Le Fée as a 12-year-old in Lorient's academy and knew the playmaker's recent transfer, to Roma, was not working out. With Le Fée receptive to a loan, Louis-Dreyfus and Speakman began talking to Florent Ghisolfi, then Roma's sporting director.Ghisolfi was gaining a reputation as a shrewd, well-connected recruitment specialist, with his work at Lens and Nice seen as highly impressive. What went under the radar was that Ghisolfi had worked with Le Bris at Lorient and had tried to lure him to Nice.Louis-Dreyfus and Ghisolfi bonded and the idea of the latter relocating to Wearside as football director no longer seemed ridiculous. Sure enough he arrived last July, partnering with Speakman to sign 15 players. Including Le Fée, whose assists would help to clinch promotion.The presence of Le Fée and Ghisolfi ensured that when Louis-Dreyfus called Granit Xhaka out of the blue at 11pm last summer as the Switzerland captain was preparing for bed, the midfielder did not immediately cut the call.If it helped that Louis-Dreyfus is Swiss-French and knew Xhaka slightly through mutual acquaintances in Basel, Xhaka needed a little more convincing. Not that it took long for him to decide that swapping Bayer Leverkusen for a club managed by a coach who reminded him of his old Arsenal boss, Arsène Wenger, and serious enough to have acquired Le Fée and Ghisolfi, was an exchange worth making.Sunderland's long-serving club captain Luke O'Nien – who joined back in the League One days and now helps Xhaka run the dressing room, takes up the story. "I always say Enzo was the catalyst for all this," the defender says. "He was the first top player to trust us as a club and he's made a big contribution to where we are today. Enzo works so hard, he's unbelievably humble and, as good a player as he is, he's an even better person."The same could be said of Xhaka. In a recent interview with the Guardian Le Fée said: "Granit's arrival changed everything." Significantly, Xhaka played a key role in persuading one of Sunderland's stars of this season, the former Paris Saint-Germain defender Nordi Mukiele, to join. The pair had played together at Leverkusen and Mukiele says: "When Granit speaks you have to hear with both ears."With last summer's Ghisolfi-inspired £155m investment in, among others, Robin Roefs, Noah Sadiki, Habib Diarra, Omar Alderete, Reinildo, Chemsdine Talbi and Brian Brobbey paying rich dividends, Sunderland reached Le Bris's pre-season target of 40 points with a win at Leeds in early March and finished seventh.The Power Restructuring and Club CultureIn February Speakman departed, amicably if not exactly willingly, as it became clear Ghisolfi's arrival had made a large part of his role redundant. Other high-profile executive exits followed, prompting erroneous suggestions Le Bris could be next. In reality the coach who arrived "without collaborators" had built an on- and off-field support network the envy of many Premier League peers.Now, a cerebral manager whose natural courtesy and gentle humour are said to conceal a capacity to be "utterly ruthless" when necessary, faces twin tasks. He must nurture his power base and a tightly-bonded dressing room amid the demands of playing European football on Thursday nights.Xhaka, though, harbours few fears. "As Sunderland's captain I can promise you that this is the just the beginning," he says. "We want more."Le Bris, sensibly, talks of the need to "stay humble" and remember the essential "fragility" of footballing success, but he is also justifiably proud. "This club is a special place in English football and our journey is really special because we feel the connection, the alignment with our fans," he says. "It's a really nice feeling."The European Challenge and Future ProspectsThe impeccably polite, quietly unassuming Frenchman who spent his first two weeks in charge of Sunderland unnoticed by fellow guests at a County Durham hotel, no longer walks alone on Wearside. Having transformed the club's fortunes from Championship contenders to Europa League participants, Le Bris now faces the challenge of maintaining momentum while navigating the complexities of European competition.The question for Sunderland and their supporters is whether this remarkable ascent represents a temporary resurgence or the dawn of a new era for the Wearside club. With Le Bris's methodical approach, the backing of owner Kyril Louis-Dreyfus, and a squad increasingly filled with quality internationals, the foundations appear to be in place for sustained success at the highest level of English and European football.
#Régis Le Bris #Sunderland #Europa League
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