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Likely Voters Express Broad Concern About Online Election Prediction Markets, New National Poll Commissioned by the Partnership for Large Election Jurisdictions (PLEJ) Poll Finds

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75% of Likely Midterm Voters Say Prediction Markets Create Confusion and 39% Say a Wrong Prediction Could Undermine Their Confidence in the Official Results

WASHINGTON, July 29, 2026 /PRNewswire/ — Online prediction/betting markets have already attracted nearly $200 million in wagers on the 2026 elections. But a more than half who identified themselves as likely midterm voters say these markets are bad for democracy, according to a new national survey of 1,000 U.S. adults commissioned by the Partnership for Large Election Jurisdictions (PLEJ). 

The poll found concern across party lines about the potential effects of election prediction markets on public understanding and trust. Among likely 2026 midterm voters:

75% say prediction markets create confusion60% say they fuel inaccurate election information45% believe people participating in prediction markets may have access to insider information about election outcomes

Confusion extends to what prediction market odds actually represent. Nearly four in ten likely midterm voters believe that prediction market odds reflect either the number of votes currently counted, or official projections issued by state and local election officials. But the reality is different. Prediction market prices only reflect the activity and expectations of market participants—not votes cast, votes counted, or official election results.

The potential effect on confidence is significant: 38% of likely midterm voters say that if an official election result differed from prediction market odds, it would reduce their confidence in the outcome.

“Prediction markets are becoming part of the election information environment—but they are not election results,” said Carolina Lopez, PLEJ Executive Director. “What we saw surrounding the Los Angeles mayoral primary may be a preview of what election officials will encounter across hundreds of races nationwide. Large election jurisdictions are preparing now to distinguish speculation from official information, address confusion quickly, and communicate clearly about how votes are cast, counted, and certified. That preparation starts with understanding what Americans believe and where the greatest information gaps exist.”

At the same time, likely midterm voters continue to place substantially greater trust in the officials responsible for administering elections. Nearly two-thirds express high trust in their state election officials, at 64%, and 61% express high trust in their local election officials. By comparison, fewer than one in four report high trust in news media, social media, or prediction markets for election information.

Together, the findings underscore the importance of clearly distinguishing between market speculation and official election information—and ensuring that voters know where to turn for accurate information about voting, vote counting, and certified results.

“When speculation, projections, and prediction markets compete for attention, voters need to hear directly from the state and local election officials responsible for administering elections,” Lopez said. “Clear, timely information from official sources helps the public understand the process and distinguish market expectations from actual election results.”

State and local election officials can take practical steps to reduce confusion and strengthen public understanding as online prediction markets become more prominent in the election information environment, including:

Providing clear, accessible explainers—in written, video, and graphic formats—about how ballots are cast, collected, processed, counted, reported, and certified, as well as the safeguards built into each stage.Monitoring emerging questions, claims, and information trends so officials can identify potential confusion early and respond quickly with accurate, authoritative information.Maintaining open lines of communication with local, state, and federal partners, as well as media and community stakeholders, to coordinate information and ensure that voters’ questions are addressed in real time.

Together, these steps can help voters distinguish speculation and prediction market activity from the official voting and counting processes that determine election outcomes.

About the Polling
PLEJ commissioned SurveyMonkey to survey 1,037 American adults from July 16-19. 867 of those surveyed identified themselves as likely 2026 midterm voters. The polling has a margin of error of +/- 3%. For the full polling results, please contact media@taketheplej.org.

About PLEJ
PLEJ is a national, nonpartisan organization that provides a community of support, best practices, and peer-to-peer engagement among large election jurisdictions—the esteemed community leaders that work across the country to implement safe, secure, free, and fair elections nationwide. The PLEJ Network is currently comprised of over 170 member jurisdictions across 39 states (plus DC), and they collectively administer elections for over 140 Million Americans (about 40% of the U.S. population).

Additional Resources

PLEJ Registration Link for Media Roundtable on Wed 07/29/26, 12p-1p ETPLEJ One-Pager on Speaker Lineup

View original content:https://www.prnewswire.com/news-releases/likely-voters-express-broad-concern-about-online-election-prediction-markets-new-national-poll-commissioned-by-the-partnership-for-large-election-jurisdictions-plej-poll-finds-302837952.html

SOURCE Partnership for Large Election Jurisdictions

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Seatrium and Karpowership Sign Contract for a Series of Whale Class Powership Conversion and Integration Projects

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October 23, 2026

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SINGAPORE, Oct. 23, 2026 /PRNewswire/ — Seatrium Limited and its strategic partner, floating power leader Karpowership, have strengthened their longstanding collaboration with the award of a contract for the development, major conversion and integration of Karpowership’s third-generation hydrogen-ready Whale Class Powerships, reinforcing both companies’ commitment to delivering reliable, flexible and sustainable energy solutions to meet growing global electricity demand.

Under the contract, Seatrium will undertake the major conversion work and integration of five Whale Class Powerships. Seatrium’s scope of work encompasses equipment integration, mechanical completion and pre-commissioning works. Engineering activities are currently underway – both parties are working closely to advance the project’s execution phase progressively, with the first vessel in the series targeted for arrival in Seatrium Tuas Boulevard Yard in December 2027.

Powerships are floating power plants equipped with hydrogen-ready multi-fuel generation systems and integrated onboard substations that connect directly to national electricity grids. Leveraging Karpowership’s plug-and-play design, they can begin generating electricity in as little as 30 days. The next-generation Whale Class offers Karpowership’s highest capacity, engineered to deploy up to 600 MW of immediate, grid-ready power using an ultra-efficient footprint optimised for seamless, continuous fuel supply.

By combining advanced power generation technologies with maritime engineering excellence, these vessels will enhance energy security while providing the flexibility to support diverse market requirements.

Mr Alvin Gan, Executive Vice President, Repairs and Upgrades, Seatrium, said, “This significant milestone marks Seatrium’s first major conversion work and integration of Karpowership’s Whale Class Powerships. We are proud to support Karpowership’s drive to pioneer innovative floating power solutions and the next phase of its fleet development, bringing our capabilities in complex vessel integration and offshore engineering to the project. We thank Karpowership for the continued trust and look forward to advancing cutting-edge floating solutions that bolster energy resilience worldwide.”

Building on a strategic relationship established in 2018, Seatrium and Karpowership share an ambition to deepen their partnership and shape the next generation of energy infrastructure, strengthening energy resilience in Singapore and worldwide.

Mr Gokhan Kocak, Chief Technical Operations Officer, Karpowership, said, “Karpowership has transformed global power generation with its innovative Powership model, delivering fast-track and dependable electricity solutions to millions worldwide. The next-generation Whale Class Powerships demonstrate our continued commitment to innovation, operational excellence and energy security. We are pleased to build on our strong partnership with Seatrium, whose proven expertise in complex vessel integration make them an ideal partner.”

The contract marks the next step following an earlier Letter of Intent (LOI) signed in August 2025, solidifying the long-term partnership between the two companies. The LOI had provided for three FSRU conversions and the potential integration of up to six new-generation Powerships. Since 2018, Seatrium has successfully delivered seven FSRU conversion projects to Karpowership, with the eighth and ninth FSRU conversion projects secured this year.

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SOURCE Karpowership

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Scage Future Announces Effective Date for ADS Ratio Change

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October 23, 2026

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NANJING, China, Oct. 22, 2026 /PRNewswire/ — Scage Future (“Scage Future” or the “Company”) (Nasdaq: SCAG), a provider of new energy and zero-emission heavy-duty commercial vehicles and e-fuel solutions, today announced the effective date and new CUSIP number for the previously announced change in the ratio of its American Depositary Shares (“ADSs”) to its ordinary shares (the “ADS Ratio”), from the current ADS Ratio of one (1) ADS to one (1) ordinary share to a new ADS Ratio of one (1) ADS to fifteen (15) ordinary shares (the “ADS Ratio Change”). The ADS Ratio Change will be effective on October 27, 2026 (the “Effective Date”).

For Scage Future’s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-fifteen reverse ADS split. On the Effective Date, holders of ADSs will be entitled to receive one (1) new ADS for every fifteen (15) existing ADSs then held, and the exchange will occur automatically, with the then-held ADSs being cancelled and new ADSs being issued by Citibank, N.A., as the depositary bank for the Company’s ADS program (the “Depositary Bank”). Holders of ADSs will not be required to take any action in connection with the ADS Ratio Change.

No fractional new ADSs will be issued in connection with the change in the ADS Ratio. Instead, fractional entitlements to new ADSs will be aggregated and sold by the Depositary Bank, and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes and expenses) will be distributed to the applicable ADS holders by the Depositary Bank.

The change in the ADS Ratio will have no impact on Scage Future’s underlying ordinary shares, and no ordinary shares will be issued or cancelled in connection with the change in the ADS Ratio. Scage Future’s ADSs will continue to be traded on the Nasdaq Global Market under the symbol “SCAG.” In connection with the ADS Ratio Change, the CUSIP number for the ADSs will change from 80590A105 to a new CUSIP number of 80590A204, effective as of the Effective Date.

As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be equal to or greater than fifteen times the ADS trading price before the change.

About Scage Future

Scage Future is a leading zero-emission technology provider in China, dedicated to decarbonizing global commercial transportation through its portfolio of advanced heavy-duty NEV trucks and innovative e-fuel systems. Through strategic partnerships with top-tier vehicle manufacturers and a strong quality control framework, the Company delivers intelligent, high-performance NEVs addressing the transport needs across logistics, mining and port operations. The Company has a proven track record in the design, production, and testing of next-generation heavy-duty NEVs, including the Dragon II plug-in hybrid dump truck, Galaxy II plug-in hybrid truck, and autonomous tractor trailer.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the completion of the ADS Ratio Change on the Effective Date, the anticipated effects of the ADS Ratio Change on the trading price of the Company’s ADSs, and the Company’s expectations regarding the treatment of fractional ADS entitlements and the exchange of existing ADSs for new ADSs. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequently occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Scage Future
Investor Relations
Emily Wang
Head of Investor Relations
Email: scageIR@scagefd.com

 

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SOURCE Scage Future

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Hanwha Power Receives ABS Approval in Principle for 1,700 TEU Battery-Powered Containership Design

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October 23, 2026

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Fully electric propulsion design featuring approximately 151 MWh of energy storage strengthens capabilities in zero-carbon maritime transportIntegrated solution combines electric propulsion, and containerized battery energy storage systemsExpanded eco-friendly marine propulsion portfolio lays the groundwork for entry into the next-generation zero-carbon vessel market

SEOUL, South Korea, Oct. 23, 2026 /PRNewswire/ — Hanwha Power announced that it had received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its design of a 1,700 TEU battery-powered containership.

The certificate presentation ceremony took place on October 22, local time, at the MHE (Maritime Hybrid, Electric & Hydrogen Fuel Cells) Conference & Exhibition 2026 in Bergen, Norway. Jong-kyu Hwang, Vice President, Technology Solutions at Hanwha Power, attended the ceremony alongside senior representatives from ABS. The event runs from October 21 to 23 at the Scandic Hotel Bergen City.

The newly approved design concept features a fully electric container vessel powered by a large-scale 151 MWh Energy Storage System (ESS). Electrical energy stored in containerized battery units serves as the vessel’s primary propulsion source, enabling operation without direct carbon emissions through the use of port charging infrastructure.

The use of containerized batteries, which can be handled and stowed like standard cargo containers, enhances space efficiency, maximizes cargo capacity, and optimizes overall vessel performance. This approach also supports flexible battery replacement and scalable operation, offering a practical pathway for the decarbonization of short-sea and regional container transport.

The AiP strengthens Hanwha Power’s capabilities in fully electric vessel design using large-scale battery energy storage and expands its portfolio of marine propulsion solutions. The company plans to build on this achievement to pursue opportunities in the next-generation zero-carbon maritime transport market.

Alongside the approval, Hanwha Power has also completed the basic design of a 1,000 TEU battery-powered container vessel. Building on its expertise in vessel design across multiple ship classes, the company aims to develop a comprehensive lineup of electric-propulsion vessels tailored to a wide range of operating conditions and customer needs.

“This AiP from ABS marks an important step in extending Hanwha Power’s marine technology capabilities to fully electric vessels powered by large-scale battery systems,” said Jong-kyu Hwang, Vice President, Technology Solutions at Hanwha Power. “We will address the needs of the next-generation zero-carbon maritime transport market with integrated solutions that combine electric propulsion and containerized battery system technologies.”

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/hanwha-power-receives-abs-approval-in-principle-for-1-700-teu-battery-powered-containership-design-302917556.html

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