too busy with spacex this week but there's a shitstorm over at meta w/r/t morale a blowup at an internal meeting this week basically made zuckerberg send out a companywide memo to calm things down wired has more deets on all the furor wired.com/story/mark-zuckerb…

SCOOP: The CFTC plans to sue New Mexico to prevent it from blocking sports-event contracts in the state, @FOS has learned. The suit is expected to be filed Friday in federal court, sources say. This would mark the 8th state the CFTC has sued since April. frontofficesports.com/trump-…

in march, a telehealth company took $866 from me, for drugs i didn't even want. i called for a refund. no dice. i emailed and escalated. nada. so: i went to their office, unannounced. i was told to leave. wrote about this maddening saga, for @WIRED. wired.com/story/i-was-scamme…

Read my story on research showing how 30 percent of Polymarket volume is US-based even though it's banned here and supposed to be 0 wired.com/story/polymarket-s…

lol

NEW: Kalshi Perpetuals are now live for the general public—and a proprietary trading terminal, Kalshi Pro, is rolling out later this summer. The company made the announcement at a Kalshi Perpetuals event tonight. More updates to come…

EXCLUSIVE: Americans are banned from using Polymarket's main crypto-based platform. We've known that people sneak on with VPNs, but it's been hard to quantify how many. Now, a new study from @HarryDCrane does just that..

Kalshi petitioned the federal government to crack down on offshore exchanges like Polymarket, its top rival, in a portion of a letter to the CFTC that flew under the radar. There's no indication the CFTC will listen to the request. sportico.com/business/sports…

Spencer Pratt was part of this very online feedback loop where he kept going viral here, his odds were always bullish on prediction markets and traders were obsessed with him, so I got access to Kalshi API data and ran the numbers. On the biggest Kalshi market over who would eventually become mayor of LA, traders bet $60M for and against Pratt. $10M of that was thrown away betting he’d advance to runoff and win. $50M of that were bets that he would never be mayor. Kalshi pocketed $547k in fees just on this market’s Pratt trading

coming out of twitter retirement to post this christopher nolan PR correction re: alamo drafthouse just the funniest retraction I have ever seen. what the hell happened here

"Approximately 30 percent of the trading volume on Polymarket comes from the United States, according to a new study—an eye-popping number, considering that none of those people are legally allowed to use the crypto-based platform."

NEW: on the eve of SpaceX's IPO, i spoke to folks in the memphis area still fighting the company's data centers there "We’re the extracted and exploited colony of what is going to be one of the most highly valued entities in the world" wired.com/story/spacex-ipo-h…

Polymarket told NPR it was pulling sponsorship of some creators spreading LA mayoral election fraud claims. On Monday, Nick Shirley shared a post calling the LA mayoral election into question (it also misunderstood how Polymarket odds work). The post was sponsored by Polymarket.

As a reminder, CFTC staff was prepping a lawsuit against Polymarket for facilitating trades by US persons in 2024. The Trump CFTC nixed that lawsuit before it could be filex.

new york city <3

WSJ exclusive: the CFTC is set to propose rules on prediction markets today. Most sports contracts would be allowed, but not some micro-bets on player injuries or the first pitch in an MLB game. War bets will be a no-go zone. From my colleague @dgtokar wsj.com/finance/regulation/t…

What… is this

Social media posts questioning the integrity of LA’s mayoral election were labeled “paid partnerships.” Then Kalshi and Polymarket told creators to delete them. wired.com/story/kalshi-polym…