“I’m guided by what I’m really outraged about and what I think I can actually try to influence. It may be that I can only influence things one case at a time, but ultimately, the plan is always to try and improve the system.” May we all pick outrageous causes for change..

OPENAI AND ANTHROPIC NEARED DEAL TO STRESS-TEST EACH OTHER’S AI - THE INFORMATION

After evidence of significant fraud in a 2002 research paper co-authored by Dan Ariely was publicized this week by blog Data Colada, scientific journal Psychological Science decided to retract the paper: dukechronicle.com/article/du…

Seriously? What’s the concern you ask, @vladtenev? The list of concerns is almost existential. U.S. securities laws are in place to protect investors. For good reason, we spend millions and millions of dollars every year to comply with U.S. securities laws. In good. conscience, how can Robinhood as a U.S. company set up an operation in far offshore Jersey, an island 3000 miles away, and market a security sort of posing as AMC in some shape or fashion, and not comply with U.S. securities laws. That is shocking and shameful. Our past issuance of equity to strengthen our balance sheet was vital to our success. Your setting up some kind of fictitious synthetic equity market decouples stock token ownership from a company’s ability to control its own capital raising efforts. Share ownership gives shareholders various rights, including the right to vote their shares. Your stock token pretend to be some form of stock ownership, but disclosures to the contrary notwithstanding, they are not ownership and they deprive investors of their rights. This quasi-fake market you are creating on the island of Jersey sows distrust amongst the public about financial markets in general. There already is distrust in financial institutions, you are potentially making it far worse. These are but a few of my concerns about your actions. I hereby call on you and Robinhood to voluntarily CEASE AND DECIST the trading of AMC stock tokens. If you don’t, our high priced securities counsel has been asked to see whether we can force you to stop. I also wonder how can the SEC possibly support your sham ignoring of U.S. securities laws. You can be sure we will be asking them.

Charlie Portis rowed at Yale, graduated from Wharton in '86, and led a successful real estate career before founding Wateriders Kayak Tours - the first kayak rental in Chicago. Throughout its history, Portis has been navigating the unpredictable rain in Chicago, often being forced to cancel tours due to the forecast. Last week he found Kalshi's rain markets for the first time. Portis began to trade on the probability of the rain, watching the forecasts as he always does, but now putting small amounts on YES, for "will it rain tomorrow in Chicago." Given these contracts payout when it rains, they function as a "hedge," decreasing his lost revenue in the event of bad weather. Charlie has always been a pioneer, and we're excited that he's been able to help Wateriders using Kalshi markets! wateriders.com/tour/classic-…

There was a lot of commentary about how academic frauds get differential treatment. You know what? Let's show that this isn't the case by shaming Duke into firing Ariely.

Kalshi Case Fall-Out: Google Engineer Charged with Insider Trading on Polymarket Files Kalshi 9th Cir Decision that Contracts Are Probably Not Swaps - Inner City Press story: innercitypress.com/sdny124dt… Filing on Patreon here: patreon.com/MatthewRussellLe…

Polymarket U.S. self-certified—and the CFTC has not opposed—NFL injury return date bets, per a filing today. This appears to run directly against the CFTC's own proposed rules for prediction markets (below)

GOP holdouts sound alarm on $36T debt crisis as Trump's 'big, beautiful bill' passes House vote foxnews.com/politics/gop-hol…

It’s kind of beautiful that if you give thousands of people a way to disagree with each other, their collective disagreement collapses into a single number that can see the future more clearly than almost any one of them can alone