Meta builds prediction market app as DraftKings, Flutter shares slip
What's new: The app, called Arena internally, is expected to use points rather than cash, though money could be added later.
Bloomberg, NPR +3
Subject
EU moved toward Meta charges over child-safety design on Instagram
What's next: Meta could answer the EU's preliminary findings and, if it fails to satisfy regulators, face fines of up to 6% of global annual sales.
Bloomberg, The Straits Times
Singapore man pleads guilty over fake MBS fire bomb hoax
What's next: Prosecutors sought four to eight weeks in jail after the message triggered a police report and extra patrols at Marina Bay Sands.
Channel News Asia, Mothership
Singapore rolls out S$48 million media fund for AI, digital content
What's next: 117 accredited firms can bid through July 31 for projects aimed at local audiences across social and mobile formats.
Singapore blocks 14 anti-India posts on YouTube, Facebook, X
Police used OCHA to cut access in Singapore, while initial tracing points to platforms based in China.
Channel News Asia, CNN Indonesia +1
Singapore blocks 14 anti-Indian posts linked to China-based platform
Why it matters: Authorities treated the Chinese-language posts as a threat to racial harmony and ordered YouTube, Facebook and X to disable local access.