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Bipartisan Bill Seeks To Ban Sports Betting On Prediction Market Platforms

1 month 2 weeks ago
An anonymous reader quotes a report from TechCrunch: Senators Adam Schiff (D-CA) and John Curtis (R-UT) introduced (PDF) a bill on Monday that could prevent prediction market platforms Kalshi and Polymarket from allowing users to wager money on sports events or play casino-style games. This bipartisan bill would not apply to FanDuel and DraftKings, which are subject to state-by-state gambling laws, rather than federal ones. "Sports prediction contracts are sports bets -- just with a different name. And yet, these contracts are currently offered in all fifty states in clear violation of state and federal law," Schiff said in a statement. Prediction markets like Kalshi and Polymarket are regulated under the Commodity Futures Trading Commission (CFTC), which is why Schiff and Curtis are able to address them under federal jurisdiction, rather than leaving them to state-regulated sportsbooks. But these senators argue that there isn't much of a difference in practice between betting on sports via federally or state-regulated apps. Kalshi's Super Bowl trading volume, for instance, reached over $1 billion this year -- a 2700% increase year-over-year. "Too many young people in Utah are getting exposed to addictive sports betting and casino-style gaming contracts that belong under state control, not under federal regulators," Curtis said in a statement. The report notes that Kalshi is temporarily banned in Nevada and is facing criminal charges in Arizona. "Kalshi may brand itself as a 'prediction market,' but what it's actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law," Arizona Attorney General Kris Mayes said in a statement last week.

Read more of this story at Slashdot.

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Palantir trial plugs into UK financial watchdog's data trove

1 month 2 weeks ago
US analytics firm handed access to sensitive intel, raising yet more questions about vendor lock-in

US data miner Palantir has quietly landed inside the UK's financial watchdog, plugging into a trove of sensitive data as Whitehall simultaneously insists it wants to wean itself off exactly this kind of dependency.…

Carly Page

Wing Expands Its Drone Delivery Service To the Bay Area

1 month 2 weeks ago
Wing is expanding its drone delivery service to the San Francisco Bay Area. "The drone delivery startup has been rapidly expanding to metro areas across the US, but is now targeting the tech-friendly Silicon Valley region," reports Engadget. From the report: Going back to its inaugural deliveries, Wing ferried office supplies across Google's Mountain View campus in the Bay Area with its automated drones. It was still a startup out of Google's X, The Moonshot Factory incubator at the time, but early users were already asking for home delivery services, according to Wing. Now, Wing's latest delivery drones can deliver groceries, food, or whatever else fits in a small package weighing up to five pounds in 30 minutes or less to Bay Area residents. Earlier this year, Wing expanded its service to an additional 150 Walmart stores across the U.S. Service began recently in Atlanta and Charlotte, and it's coming soon to Los Angeles, Houston, Cincinnati, St. Louis, Miami and other major U.S. cities to be announced later. "By 2027, Walmart and Wing say they'll have a network of more than 270 drone delivery locations nationwide."

Read more of this story at Slashdot.

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Lightning-fast exploits make it essential to patch fast, ask questions later

1 month 2 weeks ago
Here's where you ought to spend your security billable hours budget this year

Strengthen your MFA policies, double-down on anti-phishing training, and for Jobs' sake, patch all your vulns right away. The past year of intelligence collected by Cisco's Talos threat hunters suggests that attackers are moving faster to exploit vulns, and fooling more staff than ever into giving up their credentials. …

Brandon Vigliarolo