as the article notes, prediction markets are regulated by the CFTC as a commodities futures contract, so I'm not sure how any state law survives a federal pre-emption challenge. On the other hand, it's a little unusual to see a federal agency suing to protect its turf. Would've expected a class action by a Minnesota user of the service to bring the challenge instead.
I'm curious to see how this works out, because sports betting is _not_ in the CFTC's remit, and Kalshi etc's argument that states can't regulate them because they're not technically sports betting is contrary to the spirit of the law
> because sports betting is _not_ in the CFTC's remit
Traditionally it has not been, but the current CFTC says that 'prediction bets on sports' ARE under their purview. This has not been fully challenged in court, though.
If Congress intended for the CFTC to regulate sports betting, it would have had that language in the act that originated the agency. It's telling that only recently the CFTC has discovered such authority. No previous leadership of the CFTC read the act to mean what the current leadership thinks it means.
Have you heard of Betfair? A UK company which has done "prediction markets" since 2000. In the Europe it is called a betting exchange and regulated like sports betting. And betting pools is another form of betting which is way older than that and there are no house in them either.
And by your argument poker or backgammon would not be gambling either.
And there is no house in pool betting, poker or backgammon either. We still count all of them including betting exchanges (what has now been rebranded as prediction markets) are still normally regulated as gambling.
This should not be downvoted and is a legitimate criticism. Trump Jr. has a "special advisory role" in both Kalshi and polymarket. It would track with this administration to deploy a rapid defense of a corruption generation market where the current president's son is getting paid off by the two main competitors in the market.
Bizarre and baffling -- an entire post about AI agents for coding and not a single mention of OpenAI, Codex, or ChatGPT (any model). Not that I'm shilling for them in any way, but the consensus among Twitterati is that Codex is better and it's weird that it's not even mentioned as an option?
the victim did have a choice of lawyers, far beyond a "luxury." Don't know if you live in the US or not, but it's hard to avoid personal injury attorney advertising in virtually every forum. More specifically, there are 426 PI lawyers listed in the Superlawyers directory for the Detroit area, and they claim to only list the top 5% of practicing attorneys. The plaintiff here could easily dump this guy and get someone else, for free, especially this early in the lawsuit when the complaint has just been filed.
This isn't a PI case and she couldn't "easily" get someone else for free. Maybe you're thinking she could get an attorney to take the case on a contingency basis, but that's not "free."
there is no court where I have ever practiced that would accept a watermark of any kind at whatever percentage or color. And he didn't need to ask, it's right there in the rules (state and local). Every court has extremely detailed requirements for font, size, line spacing, line numbering, color of cover for printed "chambers copies," size of margins, how the name of the court should be set out and where, and so on. Literally no excuse for this, he's lucky he didn't get sanctioned
What a fascinating cultural difference. In my corner of the world there's a Facebook page, the name of which translates to "Half-assed court documents" and it showcases badly made documents issued by courts.
you really have to try it. On a flight to Hawaii in October, I was getting speeds of 300+ mbps and latency that felt like my home wifi. It's just seamless and feels like an entirely different product than any other connectivity I've had in the air.
Bad analogy. Sam has no stock in OpenAI or any sort of formal controlling interest. His power is solely informal: his own talents and abilities and the loyalty of the other employees. Regardless of the truth of the matters, the episode is a perfect example of the limits of formal authority and how informal or "soft" power can be even more effective in shaping events
The point is that board coups are a concept that people are already familiar with, so its not surprising that they thought of it when this similar situation happened.
Maybe it's because I'm American, but my first thought was ... there's a separate building and it's just the stairs? So if they sold it, how would the people in the building next door get up and down?
How does a structure that's just stairs have a separate title that can be sold? The entire premise of this is so incomprehensible to me.
> How does a structure that's just stairs have a separate title that can be sold?
You can sell any subdivision of land. Happens all the time, e.g. a house on a large plot of land is demolished and the land divided into land for multiple new houses. Or two neighbours might exchange some land if the border is not convenient. Is this not a thing in the US?
In the US, at least in most places, you can’t subdivide your land at will. When you buy a piece of land, it’s worth more if it’s zoned such that it can legally be subdivided.
No this is a London thing because London property prices are ridiculous. For the price of a London bedsite you'd be able to buy a detached house in most other places in the UK.
Amazon's investment in Alexa is a perfect example of why Apple didn't (and shouldn't have) invested all of their resources into Siri. The Alexa team is getting seriously gutted in these rounds of downsizing [1], or as CNBC puts it "the team behind the technology was a prime target of the largest layoffs in the company’s history."
What they have been invested heavily in is the Apple Neural Engine ("ANE"), special silicon right on the SoC to handle ML / AI code. Optimize on a server, then run the model on your iPhone or probably soon, your Apple Watch.
WWDC this year is going to be very, very important.
