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2026

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hot_img Cryptocurrency, AI, and betting companies drive corporate political spending to a record high in the 2026 midterm elections

According to a report by Reuters, American companies have invested a record $517 million in the congressional elections for the House and Senate in 2026 over the 15 months ending in the first quarter of 2026, surpassing the previous high of $461 million during the two-year 2024 election cycle. The cryptocurrency, technology, and online betting industries contributed at least $294 million, becoming a major force in shaping the midterm elections.The Fairshake super PAC, primarily funded by Coinbase, Ripple, and a16z, had $193 million in funding at the beginning of the year and currently has about $130 million remaining; a16z has donated over $81 million to cryptocurrency and AI-related PACs. Elon Musk has invested over $90 million, and Meta has donated $65 million to four super PACs. The AI-related organization Leading the Future has raised $140 million, and Anthropic has donated at least $40 million through dark money non-profit organizations. Online betting companies like DraftKings and FanDuel have donated over $72 million.AdImpact expects total political ad spending for this round of midterm elections to reach a record $11.6 billion. Related industries are making unlimited expenditures through super PACs, affiliated PACs, and dark money non-profit organizations for advertising, voter mobilization, and more, with critics arguing that this amplifies the influence of niche issues such as cryptocurrency regulation, data center energy, and betting regulation.

The ULTRA Web3 Festival in Kuala Lumpur has successfully concluded and will join hands with Web3Labs to showcase at the GWDC 2026 conference in South Korea

The ULTRA Web3 Festival successfully concluded on July 30-31 at The Arch Galeries in Kuala Lumpur. As the core site of the "Global Series Conference Integrating Web3, Traditional Finance, and Artificial Intelligence," this two-day summit brought together international builders, business leaders, and institutional investors to build a bridge between decentralized technology and traditional markets.The success of the Kuala Lumpur event was attributed to the support of a wide range of visionary alliances and industry-leading sponsors, including Pudgy Penguins, Orca, DDNEXUS, Alpha Insight, AI Nova, Decentralized Intelligence, SuperFlow, CloudBank, Morpheus, Razer, ChainUp, DYLI, Saat Dimensi, Oper8 Capital, Lavo Protocol, WageFlow, Echobit Exchange, LifyX Exchange, X18, and Starshine. Additionally, the event further expanded its influence through strategic collaboration with key ecosystem partners such as Access Blockchain Association, CCACC, Emerge Group, Global Impact Fintech, Web3Labs, and ADI Foundation.It is reported that the ULTRA Web3 Festival is set to enter the South Korean market, partnering with Web3Labs as the official global business partner to appear at the second Global Web3 Developers Conference (GWDC 2026 Korea). The conference is scheduled to take place on September 29-30 at the aT Center in Seoul, where both parties will promote cross-border collaboration, technology exchange, and drive international business growth in the Asia-Pacific region.
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