United States: Technology

The CFTC escalates its jurisdictional battle over prediction markets while federal banking regulators propose sweeping changes to the CAMELS rating system. Meanwhile, states and foreign governments implement new restrictions on prediction-market platforms, and Tennessee introduces a tax on international money transmissions as the Federal Reserve unveils a new payment account framework.

The private credit market is experiencing rapid transformation as artificial intelligence reshapes transaction sourcing, evaluation, and portfolio management. As AI adoption accelerates amid heightened credit scrutiny and competitive pressures, market participants face critical questions about data reliability, documentation standards, and regulatory compliance that will define the future of private debt investing.

In-house counsel should treat artificial intelligence (AI) governance as a legal and compliance priority—not simply a technology decision to be made by the business—because these tools can generate costs and claims...