Axios

Members of Congress are rushing to institute new regulatory guardrails around online prediction markets following a series of alleged insider trading scandals.

Why it matters: As with cryptocurrency and artificial intelligence, this is proving to be yet another emerging tech policy area in which Congress finds itself struggling to stay ahead of the curve.

President Trump said Monday that his direct-to-consumer drug website TrumpRx is expanding with the addition of more than 600 generic medicines.

Why it matters: Generic drugs tend to be cheaper — and the expanded offerings help fill a gap in the current version.

Playground Global, an early-stage venture firm focused on deep-tech, tells Axios that it's raised $475 million for its fourth fund.

Why it matters: Playground remains iconoclastic in a venture capital market that's largely turned conformist.