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Bobby Allyn
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Bobby Allyn
@BobbyAllyn
Tech Correspondent for @NPR Find me here: https://t.co/fl6gYf5iSy Signal: ballyn.77
Los Angeles, CA Katılım Kasım 2008
4.2K Takip Edilen15K Takipçiler
This is a good run-down of what some may not know: when you place a bet on Kalshi, they like to say it's peer-to-peer betting. You versus other bettors. They don't set lines, like online sportsbooks, making them distinct from gambling sites. But actually, Kalshi operates a separate entity that can take the opposite side of your bet. Several lawsuits have argued this ends up functioning no different than a house.
Dan Bernstein@dan_bernstein_
If you noticed that "Kalshi Trading" was named in the Arizona criminal charges and are wondering what that is, I wrote this last summer. sportico.com/business/sport…
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In a new statement, Kalshi has softened its response, first saying charges were “paper thin,” but now describing criminal charges as being “seriously flawed” and “meritless”
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This being the first criminal case filed against Kalshi is significant. Election wagering is a Class 2 misdemeanor in Arizona carrying the possibility of 4 months in jail and asset forfeiture. Right now, only Kalshi’s corporate entities are named as defendants, but prosecutors could re-file and add executives if they believe they knew about and directed the activity.
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Kalshi is locked in more than 20 civil lawsuits over its legal status, but Arizona’s attorney general is escalating even further by filing criminal misdemeanor charges against Kalshi for operating as an illegal gambling operation and taking bets on elections. “No company gets to decide for itself which laws to follow,” the AG says.
mcusercontent.com/cc1fad182b6d6f…
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Congress passes law to split China from TikTok. Trump cuts a deal that gives Larry Ellison and Emiratis majority control of TikTok and China keeps minority stake. And for brokering that deal, WSJ now reports, Trump admin gets a $10B fee for service
wsj.com/tech/tiktok-de…
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Hours into jury deliberations at social media addiction trial and they have questions. They want to see two research surveys that were presented as exhibits, and they asked about a “social media feedback loop” exhibit about when various platform features were introduced.
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I used to have an editor who said “Ok but what did they eat?” Always the most delicious details.
Ben Mullin@BenMullin
Some details from today's meeting: -Two working sessions, with a lunch in-between (Pecan-crusted halibut, steak, sautéed vegetables, eating off China emblazoned with "WP" logo) -Employees asked to drop phones off beforehand -Meetings conducted Amazon-style (six page memos)
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Bobby Allyn retweetledi
SCOOP: Last year we reported extensively on Elon Musk’s desire to break into the data pipes of government to bypass the federal bureaucracy. That approach had major consequences — one of which we reveal today: A DOGE bro allegedly made off with volumes upon volumes of highly sensitive Social Security data - the agency’s “crown jewels” - which he downloaded on a thumb drive and brought over to his new job. Me, @MerylKornfield @FedGirlWaPo report on this unprecedented breach:
washingtonpost.com/politics/2026/…
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Has he read the Commodity Exchange Act? It beat him to it!
Adam Schiff@SenAdamSchiff
I’m introducing a bill to ban bets on war and death in prediction markets. Betting on war and death creates an environment in which insiders can profit off of nonpublic information, our national security is jeopardized, and violence is encouraged. Congress must act.
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Here's Anthropic's second lawsuit against the administration, this was filed in the federal appeals court for DC:
documentcloud.org/documents/2778…
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Anthropic's lawsuit against the Trump administration:
"No federal statute authorizes the actions taken here. Anthropic turns to the judiciary as a last resort to vindicate its rights and halt the Executive’s unlawful campaign of retaliation."
documentcloud.org/documents/2778…
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An unclassified letter the Trump administration sent to Dario Amodei informing Anthropic that it's being labeled a supply chain risk for national security reasons is included as an exhibit to the suit documentcloud.org/documents/2778…
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Federal lawsuit seeking class action status over the Khamenei death carve-out claims Kalshi has "unclean hands and should not be permitted to invoke policies designed to prevent profiting from death to shield themselves from liability for a market that was, in substance, a trade on that very outcome"
#document/p14" target="_blank" rel="nofollow noopener">documentcloud.org/documents/2777…
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“Yo brother, legal team confirmed that we can’t work with minors rn" is the best way to summarize this article, an impressively deep look at Kalshi and Polymarket's relentless nationwide campaign to recruit college students and get them hooked to prediction markets early.
Katherine Long@ByKLong
NEW: A fraternity that counts Jeff Bezos' stepson as a member under investigation for insider trading. Polymarket-branded beer pong sets. $20,000 in funding to open a prediction market club. Here's how prediction markets are gaining ground on campus. wsj.com/business/media…
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at least on “the world’s largest prediction market” scuffle, the patent and trademark office will have to choose one winner eventually…
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When Shayne’s Manhattan apartment was raided by the FBI, Kalshi teamed up with influencers to make memes about it; Kalshi’s prediction market coalition never invited Polymarket; both companies have pending trademark applications for “the world’s largest prediction market,” and Tarek has compared his beef with Shayne to the rivalry between Tom Brady and Eli Manning. Tarek strenuously avoids saying or writing the word “Polymarket”
A former Kalshi employee told me:
"Kalshi does hate getting confused for Polymarket, but when Polymarket is confused with Kalshi, it's good for them."
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At the center of the prediction markets boom is a long-running bitter rivalry between two 20-something billionaire fintech bros vying for their companies to be distinct, despite everyone constantly lumping them together.
"Tarek is being so aggressive because the size of the bag is generational if they get it right," a former Kalshi employee told me. "For them, it's existential."
npr.org/2026/03/06/nx-…
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Israeli police have now opened a criminal investigation into user Magamyman who bet on Iran strikes. Notably authorities in Israel have launched the only known prosecution of Polymarket traders middleeasteye.net/news/israeli-p…
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"Prediction markets are promoting opportunities to bet on events that can only be seen as a proxy for war or assassination. The confusion and outcry over how the Khamenei-related wagers would resolve underscores that this betting market shouldn't exist in the first place," said @amandalfischer
npr.org/2026/03/01/nx-…
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