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“Guidelines for Mandatory Bargaining of News Media and Digital Platforms” in Australia violated the interests of American technology companies

Published

5 years ago

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For a long time, Australia has been regarded as a loyal ally of the United States, but when Biden just took office and the economy was in urgent need of recovery, the Australian government suddenly turned its coat and took a 180-degree “sharp turn” in attitude to take the lead in increasing taxes and fees for leading technology companies of US. In this way, Australia wants to protect its domestic technology companies and increase its tax revenue, but it does not take into account the interests of American companies and the prestige of the American government.

Since 2019, in order to crack down on American technology companies and protect the interests of the domestic media, the Australian government has begun investigating whether American companies Google and Facebook have disrupted the Australian media market and harmed the interests of Australian publishers and consumers. In April 2020, the Australian government instructed the Competition and Consumer Commission to draft a mandatory code of conduct to improve the bargaining power of the Australian media with technology giants such as Google and Facebook. In December 2020, the Australian government submitted a draft to parliament for deliberation to propose that the government should interfere with the business activities of American technology companies in Australia. On February 22, 2021, the Australian government announced the withdrawal of all advertising activities on Facebook. Australian Finance Minister Simon Birmingham emphasized that Australia would not only withdraw all government advertising activities on Facebook but also the advertising ban on Facebook was extended to the entire government. This might cost Facebook tens of millions of dollars.

When this news was just received, American technology companies were very angry because this charging rule did not conform to the principle of free sharing of internet content, and there was no precedent in other countries. On February 17, 2021, Facebook angrily said that it would prohibit Australian media and people from sharing and reading news content of Australian and international media on Facebook in response to the bill proposed by the Australian government. However, due to the administrative intervention of the Australian government, Facebook had no choice but to bow to the Australian government. On February 22, Facebook issued a statement saying that it would restore the relevant rights of Australian users on the platform; on February 24, Facebook stated again that it planned to invest at least $1 billion in the news industry in the next three years.

Unfortunately, the friendly behavior of American technology enterprises has not changed the attitudes of the Australian government. On February 25, 2021, the Australian Parliament officially adopted the “mandatory bargaining guidelines for news media and digital platforms”. According to the document, Australian news organizations have the right to require digital platforms to pay for the use of their news content and carry out individual or collective negotiations on it. Leading Internet companies in the United States will need to pay royalties to them when using the content of Australian news media.

The Australian government’s administrative intervention in the market has seriously disturbed the order of the free market and caused heavy losses to the leading technology enterprises in the United States. What’s more, the Australian government’s behavior has set off a frenzy of opposition against American technology enterprises. Canada said it would follow Australia’s lead by requiring Facebook to pay for news content. In addition, the United Kingdom, Germany, France, Finland, and other countries have also responded, saying that the measures related to Facebook are on the way. This means that American technology enterprises will pay huge copyright fees to the media of all countries in an unprecedented way, and the negative impact will be continuous and long-term.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

Poly Syncer Opens Free Polymarket Copy Trade Tier

Published

10 minutes ago

on

May 9, 2026

By

Sweden, 9th May 2026 – https://www.polysyncer.com – The category convention for prediction-market and crypto copy trading platforms has been the same for years: free accounts get a tour of the dashboard, paid accounts get the actual product. Poly Syncer is taking the opposite stance. The platform’s Free tier is now publicly available with real, working copy trading – users can connect a wallet, follow one top performer from the Polymarket leaderboard, and let the engine mirror its trades automatically, without paying anything and without leaving an email address.

The tier is intentionally capped, but the cap sits on volume rather than on capability. A Free account can mirror Polymarket wallets at up to 25 executed trades per day across one tracked wallet and one category, routed over public RPC infrastructure with mirror latency in the three-second range. Every other architectural property of the platform – non-custody, EIP-712-scoped trading permission, MEV-resistant routing, and the audited Polymarket bot stack – applies identically at the Free tier as at Pro and Elite.

How Auto Copy Polymarket Works at $0

The reason most copy trading services treat free users as second-class citizens is a cost-structure assumption: every executed trade consumes RPC bandwidth, mempool relays, and listener compute, so giving free accounts the actual product looks like burning unit economics. Poly Syncer’s stack is structured to break that assumption for low-volume users.

The platform’s auto copy Polymarket pipeline is built on a Rust + Go listener that already runs continuously across every public Polymarket wallet on Polygon. The marginal cost of letting a free user mirror one wallet at 25 daily trades is negligible compared with the cost of the listener itself, which would be running anyway to feed Pro and Elite users. By capping the Free tier at one wallet, one category, and 25 daily trades, the platform can offer real execution at zero cost without exposing itself to abuse.

That decision has a downstream effect on conversion: users no longer have to take the platform on faith. They can prove out the latency, fill quality, and risk-control behaviour on their own funds before deciding whether the Pro plan ($299/month equivalent in USDC, paid per 30-day window) is worth the upgrade.

Mirror Polymarket Wallets Without an Email Address

Connecting to the Free tier requires no email, no phone number, no KYC document, and no account creation flow. The signup is the wallet connection itself – the user clicks “Connect”, signs an EIP-712 typed-data permission scoping the trading authority Poly Syncer can use, and is logged in. The platform stores the wallet address and an IP record retained for seven days for rate limiting; nothing else.

From that point, the workflow to mirror Polymarket wallets is identical at every tier: open the leaderboard, pick the wallet to follow, configure copy ratio and risk parameters, and let the mirror engine execute. The Free user sees the same interface, the same wallet metrics, the same on-chain audit trail that an Elite subscriber sees – just at a lower volume cap.

Browsing the Polymarket Leaderboard Before Subscribing

The Polymarket leaderboard is open to every visitor regardless of plan, including users who never connect a wallet. The ranking refreshes every 60 seconds and is built around a composite score that weighs Sharpe ratio, ROI, win rate, drawdown, and trade volume – with z-score outlier filtering above 2.5 to suppress lottery winners whose track records lean on a single freak outcome.

Wallets can be filtered by 25 prediction market categories, including Politics, Sports, Crypto, Earnings, Geopolitics, Elections, Fed Rates, NBA, Soccer, Tech, Climate & Science, and several others. The full ranking methodology is published openly on a dedicated methodology page rather than treated as a black box, so users can audit the math before deciding which wallets are worth following.

A Smart Money Tracker That Doesn’t Hide Behind a Paywall

The smart money tracker function on Poly Syncer is architecturally separate from the copy trading function. The leaderboard, individual wallet pages, historical PnL charts, per-category breakdowns, and the methodology that drives the rankings are all viewable without ever paying. A user who only wants to study Polymarket smart money flow without executing copy trades can do that indefinitely.

That openness is intentional. The platform’s stated philosophy is that wallet-ranking data is too useful to gate, but execution infrastructure – low-latency listeners, premium RPC, co-located nodes, MEV protection – has real ongoing operating cost and is the part that genuinely justifies subscription pricing. Pricing maps to where the cost actually sits.

Following Top Polymarket Traders Without Email or KYC

Identifying top Polymarket traders is straightforward enough on the leaderboard. Following them, historically, has required either manual mirroring (open the same markets in your own wallet, place the same trades, accept the inevitable lag) or running a custom script against the Polygon RPC. Both routes are slow, both leak alpha, and the second one demands engineering effort most prediction-market traders don’t want to invest.

The Free tier compresses that workflow into a click-and-confirm flow. Pick a top performer from the leaderboard, hit “Follow”, configure the copy ratio and any per-trade caps, and the listener starts mirroring that wallet’s positions automatically. There is no script to maintain, no node to run, no key file to back up. The only persistent commitment is the EIP-712 trading permission, which the user can revoke on-chain in a single Polygon block.

Prediction Market Copy Trading That Starts at Zero Dollars

Prediction market copy trading carries a structurally different risk profile from continuous-market copy trading. Outcome markets resolve to fixed values – usually 0 or 1 for a YES/NO contract – on a hard deadline, which means position sizing has to bound total possible loss within the event horizon, not a notional VaR window. Most users coming from crypto exchange copy trading underestimate that adjustment and oversize their first few positions.

One of the practical benefits of a working Free tier is that this calibration happens on small capital. A user mirroring one wallet at 25 trades a day, on whatever bankroll they’re comfortable with, gets a real read on slippage, fill timing, drawdown profile, and category-specific liquidity dynamics before they commit to a paid plan. By the time they upgrade to Pro, the question isn’t “does this work?” – it’s “how big do I want to size?”.

When the Free Polymarket Bot Stops Being Enough

The cap on the Free tier is also the upgrade trigger. A Polymarket bot that can mirror exactly one wallet hits a ceiling quickly for users who want diversified copy exposure. Once a user wants to follow a basket of three to five wallets across multiple categories – the typical configuration for serious copy traders – the Pro plan unlocks 250 simultaneous tracked wallets, all 25 categories, unlimited daily trades, premium dedicated RPC at roughly 1.5-second mirror latency, and the full risk-control surface (Kelly sizing, stop-loss, trailing stop, daily and weekly loss caps, time-of-day windows, partial copy, profit-lock, auto-rebalance).

Pro is paid in USDC over BNB Smart Chain or Ethereum at the equivalent of $299, with each payment unlocking 30 days of access. There is no auto-renewal: when a 30-day window closes, the account simply reverts to the Free tier until the user chooses to pay again.

Automated Polymarket Trading at Sub-Second Latency: The Elite Tier

For users running larger capital or operating across many categories simultaneously, automated Polymarket trading meaningfully benefits from infrastructure that the public RPC tier cannot match. The Elite plan ($499 equivalent in USDC, also paid per 30-day window) removes the wallet cap entirely and replaces the RPC layer with a co-located node operating at approximately 600 ms p99 mirror latency. That’s the practical limit for mirror execution on Polygon today.

Elite also adds AI alpha discovery (the platform surfaces newly winning wallets as they emerge in the leaderboard rankings), hedge mode (auto counter-trade on losing positions), mempool sniping for front-of-queue execution, an insider-proximity radar that tracks correlated multi-wallet behaviour, a no-code visual strategy builder, an 18-month historical backtesting engine, and an EIP-712 signed-request API at 600 requests per minute with a raw signal feed for users plugging Poly Syncer’s output into their own quant pipelines. Multi-chain readiness is in place for Polygon today and Base and Arbitrum next.

Security Notes That Apply to Every Tier

Trail of Bits completed a Q1 2026 audit of the platform with no medium-or-higher findings. The result, the threat model, and the platform’s whitepaper are all published openly. A paid bug bounty pays up to $50,000 for critical disclosures, and operator keys are held in FIPS 140-2 Level 3 HSMs with 90-day rotation. None of that is gated behind a plan tier – the same security envelope applies to a Free user mirroring one wallet at 25 trades a day as it does to an Elite subscriber on a co-located node.

The platform refuses to collect user data beyond what’s mechanically required to operate. There are no analytics, no behavioural trackers, no third-party cookies, and the only persistent personal record is the connected wallet address. Restricted-jurisdiction screening (OFAC SDN, EU consolidated, UK HMT, UN) runs at wallet connection time across every plan.

Availability

The Free Polymarket copy trade tier is available now to anyone connecting a Polygon-compatible wallet at https://www.polysyncer.com. Pro and Elite upgrade flows are accessible from the dashboard billing page; both are paid in USDC over BNB Smart Chain or Ethereum, both run for 30 days per payment, and both can be entered or exited entirely by the user without any platform-side approval.

Media Contact

Organization: Poly Syncer

Contact Person: Elon Hedlund

Website: https://www.polysyncer.com/

Email: Send Email

Country:Sweden

Release id:44836

Disclaimer: This press release is provided for informational purposes only and does not constitute financial, investment, legal, or trading advice. Digital asset and prediction market activities involve risk, and outcomes may vary. Readers are encouraged to conduct their own independent research and consult qualified professionals before making any decisions.

The post Poly Syncer Opens Free Polymarket Copy Trade Tier appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

Finance Complaint List Issues Warning on Approval Phishing Scams Draining Wallets Through Fake Crypto Platforms

Published

2 hours ago

on

May 9, 2026

By

New advisory highlights how malicious token approvals and fraudulent trading interfaces are enabling unauthorized asset transfers across digital wallets.

Finance Complaint List has released a new public warning addressing the growing threat of approval phishing scams and fraudulent cryptocurrency trading platforms that are increasingly being used to drain digital wallets. As crypto adoption continues to expand globally, the organization notes a significant rise in sophisticated schemes that exploit user permissions rather than directly stealing private keys.

According to Finance Complaint List, many victims are unaware that interacting with certain decentralized applications or fake trading websites can grant malicious actors ongoing access to their funds. These scams often involve tricking users into approving smart contract permissions that allow attackers to transfer tokens without further consent. The organization emphasizes that once such approvals are granted, funds can be drained silently and repeatedly.

Understanding Approval Phishing and How It Works

Finance Complaint List explains that approval phishing differs from traditional crypto scams by targeting wallet permissions instead of login credentials. In these schemes, users are directed to websites that appear to be legitimate crypto platforms, often mimicking well-known exchanges, DeFi protocols, or investment dashboards.

Once on the platform, users are prompted to connect their wallets and approve transactions that appear harmless, such as enabling trading, staking, or liquidity access. However, these approvals may grant unlimited access to specific tokens. Attackers can then exploit these permissions to transfer assets out of the wallet at any time.

The organization highlights that these scams are particularly dangerous because they do not always trigger immediate losses. In many cases, funds are drained gradually, making it harder for victims to identify when and how the compromise occurred.

The Role of Fake Crypto Trading Platforms

Finance Complaint List notes that fraudulent crypto trading platforms play a central role in facilitating approval phishing attacks. These platforms are often professionally designed, featuring real-time charts, fake account balances, and simulated trading activity to create a sense of legitimacy.

Victims may initially see fabricated profits within their accounts, encouraging them to invest more funds. However, when attempting to withdraw, users may encounter additional requests for approvals, fees, or verification steps, further exposing their wallets to malicious permissions.

The organization warns that these platforms are frequently promoted through social media, messaging apps, and unsolicited investment offers. Scammers may impersonate financial advisors, influencers, or even customer support representatives to build trust and guide victims through the process.

Key Warning Signs and Risk Indicators

Finance Complaint List outlines several warning signs associated with approval phishing and fake crypto platforms. These include unsolicited investment opportunities, guaranteed returns, pressure to act quickly, and requests to connect a wallet to unfamiliar websites.

Other indicators include platforms that lack verifiable company information, domains that closely resemble legitimate services, and withdrawal restrictions that require additional payments or approvals. The organization advises users to be cautious of any platform that requires repeated permissions or does not clearly explain transaction details.

Steps to Protect Digital Wallets

To reduce the risk of approval phishing, Finance Complaint List encourages individuals to carefully review all transaction prompts before confirming them. Users should verify the exact permissions being granted and avoid approving unlimited access unless absolutely necessary.

The organization also recommends regularly reviewing and revoking unnecessary token approvals using trusted tools. Keeping wallet software updated, using hardware wallets where possible, and separating funds across multiple wallets can further enhance security.

In addition, individuals are advised to only interact with verified platforms and to access services through official websites rather than links shared via messages or advertisements.

What to Do If You Are Affected

Finance Complaint List emphasizes that individuals who suspect unauthorized approvals or wallet activity should act immediately. This includes revoking all suspicious permissions, transferring remaining assets to a secure wallet, and documenting all relevant transaction details.

Victims are encouraged to report incidents to appropriate authorities, crypto platforms, and consumer protection services. Providing detailed information, including wallet addresses, transaction hashes, and communication records, can support investigations and help identify broader scam networks.

Where to Report

Victims in the United States are encouraged to report suspected scams to:

  • FBI Internet Crime Complaint Center: www.ic3.gov
  • Federal Trade Commission: ReportFraud.ftc.gov
  • Local law enforcement
  • Their cryptocurrency exchange or wallet provider

Individuals may also document their experience at financecomplaintlist.net or send an email to financecomplaintlist@gmail.com, where reports are logged to help identify patterns and warn other users.

Promoting Awareness and Preventive Action

Finance Complaint List reiterates that awareness remains one of the most effective defenses against evolving crypto scams. By understanding how approval phishing works and recognizing the tactics used by fraudulent platforms, individuals can make more informed decisions and reduce their exposure to risk.

The organization continues to advocate for proactive vigilance, encouraging users to stay informed about emerging threats and to approach all investment opportunities with caution.

About Finance Complaint List

Finance Complaint List is a consumer awareness and investor protection platform dedicated to helping individuals report, track, and review financial fraud and scam-related incidents. The platform provides resources aimed at improving transparency, promoting informed decision-making, and supporting individuals navigating financial misconduct situations.

Through its reporting system and educational content, Finance Complaint List works to raise awareness about emerging scam tactics and encourage responsible financial practices.

For more details, contact:

Website: financecomplaintlist.net

Email: financecomplaintlist@gmail.com

Disclaimer

Finance Complaint List is not a law enforcement agency and does not guarantee financial recovery outcomes. Individuals are encouraged to report fraud to appropriate regulatory and law enforcement authorities in addition to using consumer reporting platforms.

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Cloud PR Wire

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

Finance Complaint List Cautions Fraud Victims Against Fake Recovery Services Promising to Return Lost Crypto Funds

Published

2 hours ago

on

May 9, 2026

By

New advisory warns of rising “recovery scams” that target prior victims, highlighting the risks of double victimization and the importance of informed reporting.

Finance Complaint List has issued a new public advisory warning individuals about the growing threat of fraudulent “crypto recovery services” that claim to help victims recover lost digital assets. The organization highlights that these schemes often target individuals who have already experienced financial fraud, exposing them to a second wave of deception commonly referred to as double victimization.

As cryptocurrency-related scams continue to increase globally, Finance Complaint List notes that a parallel rise in recovery scams has emerged. These fraudulent services frequently approach victims through unsolicited emails, social media messages, or online advertisements, promising to retrieve lost funds in exchange for upfront fees or sensitive personal information. In many cases, victims are misled into believing that these services have special access to blockchain systems, law enforcement channels, or proprietary recovery tools.

According to Finance Complaint List, such claims are typically misleading or entirely false. Once payment or information is provided, these so-called recovery agents often disappear or continue requesting additional fees under various pretexts, leaving victims further exposed to financial and emotional harm.

Understanding the Risks of Double Victimization

Finance Complaint List emphasizes that individuals who have already experienced financial fraud are particularly vulnerable to recovery scams. After an initial loss, victims may feel urgency, frustration, or a strong desire to recover their funds, making them more susceptible to promises of quick solutions.

The organization explains that recovery scams exploit this emotional state by presenting themselves as legitimate services offering assistance. However, in most cases, these operations are conducted by unrelated fraudulent actors or, in some instances, the same networks responsible for the original scam.

Finance Complaint List stresses that legitimate recovery of cryptocurrency funds is often complex, limited, and typically involves official law enforcement or regulatory processes rather than third-party intermediaries demanding upfront payment.

Common Tactics Used by Fake Recovery Services

Finance Complaint List outlines several common tactics used by fraudulent recovery services to gain the trust of victims.

One frequent approach involves impersonating legal authorities, cybersecurity experts, or blockchain specialists. Fraudsters may use fabricated credentials, fake websites, or stolen identities to appear credible. In some cases, they claim to have already traced the victim’s funds and request payment to “unlock” or “release” them.

Another tactic includes charging upfront fees for investigation, processing, or legal documentation. Victims may also be asked to provide sensitive information such as wallet credentials, identification documents, or access to digital accounts, further increasing their exposure to financial loss.

Finance Complaint List also notes that these scams often create a false sense of urgency, pressuring victims to act quickly before an alleged recovery window closes.

How to Identify and Avoid Recovery Scams

To help individuals protect themselves, Finance Complaint List advises exercising caution when approached by any service claiming to recover lost cryptocurrency.

The organization recommends verifying the legitimacy of any entity before engaging, including checking official registrations, reviewing independent sources, and confirming whether the service operates through recognized legal or regulatory channels.

Finance Complaint List strongly cautions against paying upfront fees to unverified recovery providers or sharing private keys, passwords, or personal financial information. Legitimate authorities do not require such information to initiate investigations.

Individuals are also encouraged to be skeptical of guaranteed recovery claims, as cryptocurrency transactions are typically irreversible, and no service can promise successful retrieval in all cases.

The Importance of Reporting Recovery Scams

Finance Complaint List highlights that reporting recovery scams is just as important as reporting the initial fraud. By documenting these incidents, victims contribute to a broader understanding of how such schemes operate and help authorities identify patterns across multiple cases.

The organization notes that increased reporting can support enforcement actions, improve public awareness, and reduce the likelihood of others falling victim to similar tactics.

Victims are encouraged to report suspicious recovery services to appropriate authorities, including law enforcement agencies, consumer protection platforms, and financial institutions.

Where to Report

Victims in the United States are encouraged to report suspected scams to:

  • FBI Internet Crime Complaint Center: www.ic3.gov
  • Federal Trade Commission: ReportFraud.ftc.gov
  • Local law enforcement
  • Their bank or cryptocurrency exchange

Individuals may also document their experience at financecomplaintlist.net or send an email to financecomplaintlist@gmail.com, where reports are logged to help warn other consumers and identify emerging scam patterns.

Promoting Awareness and Preventing Further Losses

Finance Complaint List underscores that awareness is one of the most effective tools in preventing recovery scams. By understanding how these schemes operate and recognizing warning signs, individuals can avoid becoming victims a second time.

The organization encourages individuals to take a cautious and informed approach following any financial fraud incident. Seeking guidance from verified sources, maintaining realistic expectations about recovery, and prioritizing secure reporting channels can help reduce further risk.

Finance Complaint List reiterates that while the desire to recover lost funds is understandable, engaging with unverified recovery services can lead to additional losses and prolonged distress.

About Finance Complaint List

Finance Complaint List is a consumer awareness and investor protection platform dedicated to helping individuals report, track, and review financial fraud and scam-related incidents. The platform provides resources aimed at improving transparency, promoting informed decision-making, and supporting individuals navigating financial misconduct situations.

Through its reporting system and educational content, Finance Complaint List works to raise awareness about emerging scam tactics and encourage responsible financial practices.

For more details, contact:

Website: financecomplaintlist.net

Email: financecomplaintlist@gmail.com

Disclaimer

Finance Complaint List is not a law enforcement agency and does not guarantee financial recovery outcomes. Individuals are encouraged to report fraud to appropriate regulatory and law enforcement authorities in addition to using consumer reporting platforms.

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

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