Say More Look Up Mashable's Best: E-readers, robovacs, laptops, earbuds, smart home and more Mashable Selects Trending Now Gift Ideas For Everyone On Your List Safety Net Mashable @Home In My Bag Versus Creator Playbook Getting Technical with Mashable All Series Kalshi's claim to be a commodities trader is being rejected by courts California tribes won the nation's first injunction to block Kalshi sporting contracts. Chase joined Mashable's Social Good team in 2020, covering online stories about digital activism, climate justice, accessibility, and media representation. States square off against the federal government in a push to subject Kalshi to gambling laws. State courts have struck another blow against online prediction market Kalshi, which has sought to remain outside of gaming law, claiming it's a trading -- not gambling -- platform. On Wednesday, a US District judge granted a preliminary injunction to California tribes, prohibiting Kalshi from offering sports contracts (AKA trades or swaps) on tribal land .

The company says an unnamed third-party provider was compromised. Trading has resumed, and Polymarket says affected traders will be made whole. Trading has resumed on Polymarket's flagship international platform after a hack that drained money from the wallets of some traders. A third-party vendor based in the United Kingdom was breached, not the prediction market's website itself. Law enforcement in the UK have been notified of the incident, the company said.

Mashable's Best: E-readers, robovacs, laptops, earbuds, smart home and more Look Up Gift Ideas For Everyone On Your List Mashable @Home In My Bag Safety Net Versus Trending Now Say More Creator Playbook Mashable Selects Getting Technical with Mashable All Series What is happening with Kalshi in Utah? The site's founders face numerous felony charges. Neal joined Mashable's Social Good team in 2024, editing and writing stories about digital culture and its effects on the environment and marginalized communities. He is the former editorial director of The Advocate and Out magazines, has contributed to the Los Angeles Times, Curbed, and Los Angeles magazine, and is a recipient of the Sarah Pettit Memorial Award for LGBTQ Journalist of the Year Award from the National Gay and Lesbian Journalists Association (NLGJA). He lives in Los Angeles with his family.

As prediction markets surge in popularity, a new platform called Verifact Markets is pushing the concept even further, letting users trade on "disputed facts." Would you put money on whether Covid-19 originated from a lab? How about whether some of the footage from the Apollo 11 moon landing was actually filmed on Earth? Verifact Markets, a new startup that bills itself as a "prediction market for disputed facts," is betting that people will be eager to weigh in on questions like these. The company's premise is so quirky it sounds like something a couple of philosophy and economics majors dreamed after too many bong rips in their dorm room: Instead of wagering on the future, why not trade on stuff that already happened?

Mashable Selects Mashable's Best: E-readers, robovacs, laptops, earbuds, smart home and more In My Bag Look Up Creator Playbook Say More AI at School Safety Net Versus Trending Now Back to School Good Connection: Uplifting stories for a digital age All Series Olivia Tauber is the deputy editor of digital culture, covering creators, media, movies, beauty, and more. Based in New York, her work has appeared in The New York Times, Vanity Fair, The Cut, Teen Vogue, Complex, and Interview Magazine. She holds a Master's degree in Journalism from NYU and a Bachelor's from the University of Michigan. She also runs Fan Mail, a weekly pop-culture newsletter. This Tweet is currently unavailable.

The legal battle over whether prediction markets are a form of gambling has overshadowed something else entirely: They're already a new form of media. Every day, a newsletter from the prediction market Polymarket hits my inbox with a subject line that could easily come from any number of politics-focused newspapers or magazines. Recent entries include "Houthis Reveal New Precision Strike Capabilities," "BREAKING: Trump Unveils Green Energy Beam," and "World War I, 2.0?" These dispatches are roundups with breathless summaries of the day's top stories, linking out to corresponding Polymarket markets--yes, this thing will happen; no, it won't. As far as business news analysis goes, the newsletter is not exactly Bloomberg's, or even Emily Sundberg's --but it's recognizably a commercial editorial product, and one that plays an important role in the prediction market ecosystem.

Follow this author to personalize your feed and get instant alerts. Follow Go to your personalized feed WHY FOLLOW? Smart Alerts: Get notified about major news as it happens. Luana Lopes Lara is inherently an optimist--perhaps because Brazilians, she says, have a more positive outlook than people from other countries. That trait has served her well as chief operating officer of Kalshi, the New York-based prediction market that has boomed in recent years as people take up placing money on everything from what words the President will use in his speeches to the price of a Costco hot dog.

The agency that oversees prediction markets has investigated Polymarket trades on Biden pardons and the Iran war--and even more potential insider trading at Google, documents obtained by WIRED show. The US government launched at least three previously unreported investigations into trading on the prediction market Polymarket, according to documents obtained by WIRED through a Freedom of Information Act request. Voting records from the Commodity Futures Trading Commission, the federal agency that regulates prediction markets, shed new light on how the government approaches these investigations. In early May, CFTC chairman Michael Selig approved an order allowing the agency's enforcement division to launch a private investigation into potential insider trading on Polymarket event contracts related to pardons issued by former president Joseph Biden. The order granted permission to take testimony, obtain subpoenas, administer oaths, and require the production of documents in the course of the investigation.

Look Up Back to School Mashable's Best: E-readers, robovacs, laptops, earbuds, smart home and more Mashable Selects Say More Trending Now Good Connection: Uplifting stories for a digital age Creator Playbook Switch Off Mashable Voices Safety Net Versus All Series Polymarket and Kalshi face possible regulation as Supreme Court'monitors the situation' Prediction markets regulated as gambling platforms by individual states? Shannon Connellan is Mashable's Senior Editor, General Assignments, based in London. She has been Mashable's UK Editor (and still manages the illustrious UK team) and Australia Editor, but emotionally, she lives searching for . A Tomatometer-approved critic, Shannon writes about entertainment, tech, social good, science, culture, and Australian horror, and loves to nerd out with movie stars, filmmakers, and TV creators . SCOTUS is the focus for state regulators aimed at Kalshi.

This week on, we dig into the latest prediction market buzz, Flock's AI-powered police search tool, and how tech bros don't know how to talk about "rouge" AI agents This week, senior writer Kate Knibbs joins Brian Barrett, Zoë Schiffer, and Leah Feiger to discuss the two incidents that have been making noise in prediction markets: George Santos getting lifetime ban from Kalshi and a Google engineer's Polymarket insider-trading case. Plus, reporters reverse-engineered Flock's AI-powered person-search tool and spoke to experts about the accuracy of such technology, and the hosts unpack the online meltdown over how to talk about "rogue" AI agents. George Santos Just Got Hit With Kalshi's First-Ever Lifetime Ban This Is Flock's AI Search Tool for Cops What We Still Don't Know About OpenAI's Hugging Face Hack Write to us at [email protected] . You can always listen to this week's podcast through the audio player on this page, but if you want to subscribe for free to get every episode, here's how: If you're on an iPhone or iPad, open the app called Podcasts, or just tap this link . It's so nice to see you guys. Former US representative George Santos was the first person to be given a lifetime ban from Kalshi, and a Google engineer was accused of insider trading at Polymarket. We'll get into why both of these cases show that there are still plenty of blurry rules when it comes to prediction markets. This week, WIRED reporters were able to recreate Flock's AI powered search tool, the same one that has a track record of being misused by police officers. We're going to break down how it works, and whether the backlash against Flock cameras might have reached its boiling point. Do you guys remember George Santos?