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Crypto, AI and betting firms fuel record elections spending
Elon Musk could spend up to $120 million through America PAC as crypto, artificial intelligence and betting firms expand election spending.
- Crypto, artificial intelligence, and online betting firms are driving record spending in 2026 U.S. midterm elections, displacing traditional power brokers who dominated Washington politics for decades.
- Elon Musk is reportedly preparing to spend up to $120 million through his America PAC to help Republicans defend their congressional majorities in the midterms.
- Major corporations including Coinbase and Ripple, alongside AI firms OpenAI and Anthropic, have emerged as significant donors deploying millions to influence policy across races.
- Critics argue this surge in corporate capital distorts political discourse, warning that industry spending prioritizes favorable regulatory oversight over public interest concerns.
- Tech leaders are increasingly shaping industry rules through aggressive electoral participation, representing a strategic shift toward direct influence rather than relying on established interest groups.
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13 Articles
Coverage Details
Total News Sources13
Leaning Left1Leaning Right1Center11Last UpdatedBias Distribution84% Center
Bias Distribution
- 84% of the sources are Center
84% Center
C 84%
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