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Here's your morning TNB Tech Minute for Wednesday, June 10th.

I'm Danny Lewis for the Wall Street Journal.

We exclusively report that federal regulators are proposing an expansive new set of rules on how they will govern prediction

markets. According to a copy of the proposal viewed by the journal, the Commodity Futures

Trading Commission is seeking the ability to block prediction wagers it finds aren't in the public

interest or that seem highly susceptible

to manipulation. That likely includes some sports-related trading, like bets on player injuries,

and virtually all bets on war, terrorism, or assassinations would be prohibited.

People familiar with the matter say the proposal doesn't outright ban trading on specific

events contracts,

but outlines factors regulators will use to review them. In another WSJ exclusive, a cloud computing

startup has closed a new funding round valuing it at $1.55 billion. Tensurwave, which exclusively

uses hardware and software made by advanced micro devices, raised $350 million

in its series B round, nearly quadrupling its value.

The fundraising was led by AMD and Hudge Fund Magnitar Capital.

Unlike most other data center firms, TensorFlow's co-founder and CEO says the startup doesn't

...