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Using advanced safeguards to protect client data when cyberattacks are growingly increasingly sophisticated.

From: Morgan Stanley places big bet on scale as AI commoditizes advice | American Banker.

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Kalshi has said it is severing ties with Donald Trump Jr a week after Democrats swept to victory in the midterm elections, pledging to investigate ties between the US president’s family and corporate America.

From: Kalshi cuts ties to Donald Trump Jr after Democrats’ midterm sweep.

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Prolonged exposure appears to build that trust. About 40% of Instinct users link a credit card within three weeks. Instinct and Meta also work with Stripe, a payments company, to offer a digital wallet that allows users to make purchases without handing over their banking details directly, which may reassure some.

From: Personal AI assistants could soon reshape the digital economy.

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The opening completes the phased rollout established under the Digital ID Act 2024 and introduces a new commercial dynamic. The government-backed myID gives businesses access to an established national identity ecosystem, but that reach will come at a price, while state-issued mobile driver’s licenses (mDLs) and other verifiable credentials offer an alternative that critics say will be cheaper to accept. Private identity providers, meanwhile, gain access to government customers, although restrictions will limit which services they can support.

From: Australia opens myID to business, brings private providers into govt system | Biometric Update.

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The Federation Hub allows different Defense agencies, military services, and approved partners to accept authentication from trusted identity providers without requiring users to establish separate credentials for every system.
Confirming someone’s identity, though, does not automatically authorize access to sensitive information. Those decisions may also depend on factors such as organizational affiliation, security clearance, training and assigned duties.
DISA says the current environment relies heavily on coarse-grained role-based access control rather than the dynamic, attribute-based authorization needed for its zero-trust architecture.

From: Pentagon seeks new identity system as modernization gaps persist | Biometric Update.

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Mischief is one thing, but the incident makes one consider more damaging behaviour. There has been betting on the extent of wildfires on Polymarket and at wyldfyre.io, a startup focused solely on fires in California, which attracted so much negative attention that in August several senators demanded the CFTC shut it down. It isn’t hard to start a wildfire, or to help an existing fire grow. You can’t bet on assassinations or other violent crimes on Polymarket or Kalshi, though Polymarket’s offshore status and crypto-based anonymity mean that it monopolises trades on such events as Maduro’s capture or the ‘removal’ of the Iranian leadership. But it is easy to trade in predictions related to pandemics, say, or the screwworm outbreak currently killing cattle across the US. None of this is immune to deliberate human influence.

From: Geoff Mann · What’s the truth? Prediction Markets.

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The key feature of prediction markets is that, unlike stock markets, there is a point at which the event being traded takes place or concludes, and the market then ‘resolves’ to ‘Yes’ or ‘No’.

From: Geoff Mann · What’s the truth? Prediction Markets.

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A TEE (such as Intel SGX or ARM TrustZone) allows the agent’s code to run in an isolated, hardware-protected enclave. We utilize TEEs to ensure the agent’s internal decision logic and cryptographic keys cannot be tampered with by an outside attacker or even the host of the agent process. When an agent is running inside a TEE, it can produce a remote attestation – a cryptographic quote from the hardware proving that the agent’s code is genuine and untampered. Our system can verify this attestation on-chain (e.g., via a known attestation contract or oracle) before an agent’s actions are accepted. In practice, this means the Agent Wallet Contract would require the agent to provide an attestation quote (or have a set of whitelisted enclave public keys) along with transactions.

From: Secure Autonomous Agent Payments: Verifying Authenticity and Intent in a Trustless Environment.

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Part of the reason that markets are so effective in organizing innovation via “creative destruction” is that markets efficiently assign credit to individual actors and firms in ways that incentivise working to make products and services better, more reliably, and cheaper. Crucially, for this mechanism to work in an agentic economy, it must offer granular mechanisms to represent and propagate credit across complex, distributed AI collaborations. Or, for want of a better word, money. In scenarios where a primary AI agent leverages the capabilities of other agents to deliver a final user-facing result, the value generated is a collective effort. An outcome-based credit system transcends mere participation, focusing instead on the utility and efficiency of each contributing agent, thereby echoing principles of distributed cognition in human groups where knowledge and contributions are collectively managed and implicitly attributed.

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This may well result in high-frequency negotiation (HFN), as an analogue to HFT. In a world where most people may have access to personal AI assistants to negotiate on their behalf, negotiation between AI assistants may become highly relevant to the arising social dynamics. With that in mind, it is plausible that there would be strong emerging preferences towards AI-driven negotiation proceeding at a higher and higher frequency, so as to broker the best deals for each user. One way to interpret this would be to think of this extra compute and energy as being directed towards preference alignment and consensus building. Should this come about, HFN may well become as important for future societies as HFT is today.

From: Virtual Agent Economies.

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