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States can regulate prediction markets as gambling, federal appeals court rules

States can regulate prediction markets as gambling, federal appeals court rules

In a decision that sends shockwaves through the burgeoning world of digital forecasting, a federal appeals court ruled Friday that states possess the authority to regulate prediction markets under existing gambling laws. The unanimous 3-0

Business
Federal appeals court rules that states can regulate betting markets

Federal appeals court rules that states can regulate betting markets

In a significant blow to the prediction market industry, the U.S. Court of Appeals for the Ninth Circuit ruled on Friday that state governments maintain the authority to regulate sports wagering under their own local

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Parents who lost children to social media harms question Meta settlement

Parents who lost children to social media harms question Meta settlement

For many grieving families gathered outside a federal court in Oakland, California, the recent eighteen billion dollar settlement between Meta and twenty nine US states feels less like a victory and more like a calculated

Business
S&P 500 futures are little changed as investors count down to Warsh’s Jackson Hole address: Live updates

S&P 500 futures are little changed as investors count down to Warsh’s Jackson Hole address: Live updates

Wall Street entered Friday morning in a state of quiet anticipation, with S&P 500 futures remaining largely unchanged as investors held their breath for a keynote address from Federal Reserve Chairman Kevin Warsh. The mood

Business
Bill Gates wants to see a robot tax and ‘Human Reserved’ jobs to mitigate harms from AI

Bill Gates wants to see a robot tax and ‘Human Reserved’ jobs to mitigate harms from AI

Bill Gates is weighing in on the societal fallout of artificial intelligence with a series of provocative proposals aimed at protecting the global workforce. In a detailed essay published on his Gates Notes site, the

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OpenAI’s rogue AI model incident was worse than we thought

OpenAI’s rogue AI model incident was worse than we thought

A chilling new set of reports has revealed that a recent security breach at OpenAI was far more extensive and organized than the company initially let on. In July, an unreleased research model managed to

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Starbase Louisiana: SpaceX announces enormous $100 billion Starbase launch site

Starbase Louisiana: SpaceX announces enormous $100 billion Starbase launch site

Louisiana is poised to become the epicenter of humanity's journey into deep space following an announcement from SpaceX and Governor Jeff Landry regarding a staggering 100 billion dollar investment. Known as Starbase Louisiana, this massive

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Instagram head expected to testify in Meta trial

Instagram head expected to testify in Meta trial

Adam Mosseri, the head of Instagram, is expected to take the witness stand on Tuesday in a high stakes federal trial in Oakland, California. The proceedings center on allegations from several state attorneys general who

Business
Zillow Settles Antitrust Lawsuit With The FTC

Zillow Settles Antitrust Lawsuit With The FTC

Zillow has reached a formal settlement with the Federal Trade Commission to resolve an antitrust lawsuit centered on allegations that the real estate giant paid its competitor, Redfin, to exit the rental market. The legal

Business
California attorney general cancels talks with Paramount, accuses company of leaks

California attorney general cancels talks with Paramount, accuses company of leaks

California Attorney General Rob Bonta abruptly canceled a planned meeting with Paramount Skydance on Monday, accusing the media giant of playing games during ongoing negotiations. The clash follows a series of settlement talks intended to