Prediction markets like Kalshi and Polymarket are booming, and so is a fight among regulators, lawmakers, and advocates over their legality. Former New Jersey governor Chris Christie, who currently serves as an advisor to the American Gaming Association, has criticized prediction markets. The political fight in the US over the future of prediction markets like Polymarket and Kalshi has escalated into a full-blown war, and battle lines aren't being neatly drawn along party lines. Instead, conservative Mormons have aligned themselves with Las Vegas bigwigs and MAGA royalty is siding with liberal Democrat lobbyists. One side argues that the platforms are breaking the law by operating as shadow casinos.

The A.I. Disruption Is Here A.I. is disrupting sectors once thought insulated from it, upending the markets. Please enable javascript to get your Slate Plus feeds. If you can't access your feeds, please contact customer support. Check your phone for a link to finish setting up your feed. Please enter a valid phone number.

Gay men have long been rumored to run Silicon Valley. No one can say exactly when, or if, gay men started running Silicon Valley. They seem to have dominated its upper ranks at least the past five years, maybe more. On platforms like X, the clues are there: whispers of private-island retreats, tech executives going "gay for clout," and the suggestion that a "seed round" is not, strictly speaking, a financial term. It is an idea so taken for granted, in fact, that when I call up a well-connected hedge fund manager to ask his thoughts about what is sometimes referred to in industry circles as the "gay tech mafia," he audibly yawns. "This has always been the case." It had been the case, the hedge funder says, back in 2012, when he was raising money from a venture capitalist whose office was staffed with dozens of "attractive, strong young men," all of whom were "under 30" and looked as though they had freshly decamped from "the high school debate club." "They were all sleeping with each other and starting companies," he says. And it is absolutely the case now, he adds, when gay men are running influential companies in Silicon Valley and maintain entire social calendars with scarcely a straight man, much less a woman, in sight. "Of course the gay tech mafia exists," he continues. "This is not some Illuminati conspiracy theory. And you do not have to be gay to join. They like straight guys who sleep with them even more." Ever since I started covering Silicon Valley in 2017, I've heard variations of this rumor--that "gays," as an AI founder named Emmett Chen-Ran has quipped, "run this joint." On its face, a gay tech mafia seemed too dumb to warrant actual investigative inquiry.

Visualising AI spending: How does it compare with history's mega projects? World leaders and tech executives are convening in New Delhi for the India-AI Impact Summit 2026, focusing on the role of artificial intelligence in governance, job disruption and global collaboration. However, behind these discussions lies the financial reality. Over the past decade, AI has drawn one of the largest waves of private investment in modern history, totalling trillions of dollars. According to Gartner, a United States-based business and technology insights company, worldwide spending on AI is forecast to total $2.5 trillion in 2026, a 44 percent increase over 2025.

It's been nearly 20 years since Apple was this untethered from its tech peers, giving investors an appealing alternative to the artificial intelligence-fueled volatility that has gripped most other corners of the stock market in recent weeks. Apple's 40-day correlation to the Nasdaq 100 Index tumbled to 0.21 last week, the lowest since 2006, according to data compiled by Bloomberg. Its correlation with the benchmark has been on the decline since May, when it reached 0.92, as Apple's decision to mostly sit out the AI arms race has turned it into an outlier compared with many of its rivals. A correlation of 1 means the two securities are moving in perfect unison, while a reading of -1 signals they are moving opposite each other. "Apple's lack of correlation is 100% a positive right now," said Art Hogan, who helps oversee $25 billion as chief market strategist at B. Riley Wealth.

Jean-Paul Thorbjornsen, an Australian man in his mid-30s, with a rural Catholic upbringing, is a founder of THORChain, a blockchain through which users can swap one cryptocurrency for another and earn fees from making those swaps. THORChain is permissionless, so anyone can use it without getting prior approval from a centralized authority. As a decentralized network, the blockchain is built and run by operators located across the globe. During its early days, Thorbjornsen himself hid behind the pseudonym "leena" and used an AI-generated female image as his avatar. But around March 2024, he revealed his true identity as the mind behind the blockchain. If there is a central question around THORChain, it is this: Exactly who is responsible for its operations?

Jean-Paul Thorbjornsen is a leader of THORChain, a blockchain that is not supposed to have any leaders--and is reeling from a series of expensive controversies. We can do whatever we want," Jean-Paul Thorbjornsen tells me from the pilot's seat of his Aston Martin helicopter. As we fly over suburbs outside Melbourne, Australia, it's becoming clear that doing whatever he wants is Thorbjornsen's MO. Upper-middle-class homes give way to vineyards, and Thorbjornsen points out our landing spot outside a winery. "They're going to ask for a shot now," he says, used to the attention drawn by his luxury helicopter, emblazoned with the tail letters "BTC" for bitcoin (the price tag of $5 million in Australian dollars--$3.5 million in US dollars today--was perhaps reasonable for someone who claims a previous crypto project made more than AU$400 million, although he also says those funds were tied up in the company). Thorbjornsen is a founder of THORChain, a blockchain through which users can swap ...