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Women's sports on the line as Supreme Court wrestles with defining 'sex'

FOX News

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The Download: our thawing permafrost, and a drone-filled future

MIT Technology Review

Plus: America's first AI law is here Scientists can see Earth's permafrost thawing from space Something is rotten in the city of Nunapitchuk. In recent years, sewage has leached into the earth. The ground can feel squishy, sodden. This small town in northern Alaska is experiencing a sometimes overlooked consequence of climate change: thawing permafrost. And Nunapitchuk is far from the only Arctic town to find itself in such a predicament. Now scientists think they may be able to use satellite data to delve deep beneath the ground's surface and get a better understanding of how the permafrost thaws, and which areas might be most severely affected.


Meet the Guys Betting Big on AI Gambling Agents

WIRED

When Carson Szeder turned five dollars into more than a thousand by betting on an NFL game last year, he knew he was onto something major. "Definitely my biggest win," he says. He hadn't scored because he was especially deft at football analytics--or because he was particularly lucky. Instead, he says he used an AI program to help him decide how to gamble. Since a federal ban on sports betting was struck down in the United States seven years ago, gambling on the internet has exploded in popularity.


AI sports betting platforms' breaches likely impacting March Madness wagers

FOX News

Fox News Flash top sports headlines are here. Check out what's clicking on Foxnews.com. College basketball fans from across the country spent the past couple of weeks keeping a close eye on the NCAA Division I men's and women's basketball tournaments. Millions of sports enthusiasts filled out and submitted brackets with hopes their particular games' predictions would become true. The annual basketball tournament seemingly always sparks a noticeable amount of excitement across the sports world, but it also attracts the casual fan and those who might not normally participate in sports gambling.


Efficient Market Dynamics: Unraveling Informational Efficiency in UK Horse Racing Betting Markets Through Betfair's Time Series Analysis

Tondapu, Narayan

arXiv.org Artificial Intelligence

Using Betfair's time series data, an analysis of the United Kingdom (UK) horse racing market reveals an interesting paradox: a market with short tails, rapidly decaying autocorrelations, and no long-term memory. There seems to be a remarkably high level of informational efficiency in betting exchange returns, in contrast to financial assets that are characterized by heavy tails and volatility clustering. The generalized Gaussian unconditional distribution with a light tail point to a market where knowledge is quickly assimilated and reflected in prices. This is further supported by the extremely quick fading of autocorrelations and the absence of gain-loss asymmetry. Therefore, in addition to measuring long-range memory, the Hurst exponent also shows mean reversion, a sign that markets respond quickly to fresh information.


AI-driven technology to revolutionize sports betting via personalized experiences based on patterns, interests

FOX News

Fox News Flash top sports headlines are here. Check out what's clicking on Foxnews.com. Sports wagering is currently legal or poised to go legal in about 29 states across the U.S. Maine and Florida represent the two most recent states to permit sports betting. The growth of sports gambling was sparked by the Supreme Court's decision to strike down the Professional and Amateur Sports Protection Act in 2018. The ruling effectively allowed states to decide whether sports wagering would be legal within their respective borders.


Machine learning for sports betting: should predictive models be optimised for accuracy or calibration?

Walsh, Conor, Joshi, Alok

arXiv.org Artificial Intelligence

Sports betting's recent federal legalisation in the USA coincides with the golden age of machine learning. If bettors can leverage data to reliably predict the probability of an outcome, they can recognise when the bookmaker's odds are in their favour. As sports betting is a multi-billion dollar industry in the USA alone, identifying such opportunities could be extremely lucrative. Many researchers have applied machine learning to the sports outcome prediction problem, generally using accuracy to evaluate the performance of predictive models. We hypothesise that for the sports betting problem, model calibration is more important than accuracy. To test this hypothesis, we train models on NBA data over several seasons and run betting experiments on a single season, using published odds. We show that optimising the predictive model for calibration leads to greater returns than optimising for accuracy, on average (return on investment of $+34.69\%$ versus $-35.17\%$) and in the best case ($+36.93\%$ versus $+5.56\%$). These findings suggest that for sports betting (or any probabilistic decision-making problem), calibration is a more important metric than accuracy. Sports bettors who wish to increase profits should therefore optimise their predictive model for calibration.


NCAA athlete claims she was scolded by AI over message about women's sports

FOX News

College volleyball player Macy Petty reacts to the U.S. House passing a bill that would ban biological males from competing in women's sports on'Fox News @ Night.' An NCAA volleyball player claims ChatGPT scolded her when she asked the artificial intelligence platform to shorten a tweet about the debate over transgender athletes participating in women's sports. "I was trying to explain [in the tweet] that I'm an NCAA athlete, and that it's important to champion the voice of female athletes and to stand up against this ideological war that's going on that's putting women in danger and taking away the opportunities for scholarships," Macy Petty told Fox News Digital in a phone interview Thursday, explaining it was "a lot of information to cram in one tweet." Petty said she is novice when it comes to using ChatGPT - OpenAI's wildly popular chatbot that can mimic human conversation based on prompts - and had seen an Instagram reel touting the importance of using the platform as the future of technology. After watching the reel, Petty said she was presented with a great opportunity to use the system: Allegedly asking ChatGPT to shorten a tweet on women's sports that had gone over the social media platform's character limit.


GOP reacts to Hunter Biden IRS whistleblower, Fetterman raises eyebrows and more top headlines

FOX News

'DEEPLY CONCERNING' - Republicans respond after IRS whistleblower says Hunter Biden investigation is being mishandled. 'FRIGHTENING' - Fetterman's opening statement upon return to Senate after hospitalization raises eyebrows. WATCH THE WALLET - Crypto criminals beware: AI is after you. MISINFORMATION MACHINES – AI chatbot'hallucinations' could pose political, intellectual, institutional dangers. Continue reading … ROYAL REACTION - Lee Cohen explains why Meghan Markle deserves praise for skipping the coronation,.


How Artificial Intelligence Can Help the Online Sports Betting Industry Succeed

#artificialintelligence

Artificial intelligence (AI) is beginning to have a significant impact on the global online sports betting industry. Sportsbooks are able to provide more precise odds and forecasts due to AI, which can assist bettors place more profitable wagers. AI can also assist in identifying future problem gamblers and preventing them from accruing excessive debt. Sportsbooks can identify warning indicators and provide support to individuals who require it by utilising AI to track betting trends and monitor betting patterns. Overall, AI is enhancing everyone's enjoyment and fairness in the field of online sports betting.