Prediction markets are working to ingratiate themselves with mainstream news and culture: The Golden Globes broadcast in January was plastered with Polymarket odds, the AP is licensing election data to Kalshi, and a partnership between Polymarket and Substack means more prediction market data in newsletters. Some prediction market exchanges are now attempting to strike deals […]
In 2021, the virtual world was the future of the internet. The pandemic had sequestered everyone indoors, heightening the appeal of digital communities. Facebook rebranded to Meta – a sign of the tech giant’s investment in and commitment to the metaverse as the future of the internet. Despite losing billions in VR, Meta released an […]
A bipartisan duo is pushing back on President Donald Trump’s attempts to end a program that lets hundreds of thousands of foreign students work in the US for a year after graduation. Reps. Sam Liccardo (D-CA) and Jay Obernolte (R-CA) introduced a bill that would codify Optional Practical Training (OPT), which allows international students to […]
FBI director Kash Patel admitted that the agency is buying location data that can be used to track people’s movements. Unlike information obtained from cellphone providers, this data can be accessed without a warrant – and used to track anyone. “We do purchase commercially available information that’s consistent with the Constitution and the laws under […]
Internet platforms’ liability shield Section 230 faced another round of attack at a Senate Commerce Committee hearing on Wednesday, this time with two distinct undercurrents complicating the conversation. One was an unprecedented wave of ongoing legal challenges to the law’s scope, and the second was a heightened bipartisan concern over government censorship. “Section 230 is […]
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The Commodity Futures Trading Commission has a problem: It’s not very good at policing insider trading. And insider trading has become a pressing concern for prediction markets. Even Kalshi’s recently publicized fines for insider trading – levied against a politician and an employee of YouTube influencer MrBeast – were effectively self-policing. The exchange says it’s […]
The auto industry bet big on electric vehicles, but now those ambitious goals are falling apart. Demand was already slowing down when Donald Trump took office and took an ax to pro-EV policy: the elimination of the federal EV tax credit, kneecapping clean energy, and bulldozing emissions rules. Tariffs have been taking their toll as […]
It is day 13 of America’s surprise war with Iran – by sheer coincidence, it’s Friday the 13th – and I am delirious. I haven’t had a coffee since I woke up at 5AM, because I’m not allowed to bring outside beverages into the Pentagon (the security screening cutoff was at 7AM for the 8AM), […]
After a chaotic week following the Justice Department’s mid-trial settlement with Live Nation-Ticketmaster, the antitrust trial picked back up surprisingly smoothly on Monday – this time, with dozens of states leading the case. This isn’t the outcome the states originally wanted. Out of concerns about being able to effectively take over the case and fear […]