The startup has received “tens of millions from investors in short-term loans“ to make sure it can cover election bets:
Like most brokerages, the company offers instant funding to new users. This means users can start trading right away, even though it may take two to three business days for the funds to be officially transferred from the customer’s bank account to Kalshi’s.
Forbes reports on “evidence of rampant wash trading on Polymarket,” a prediction market site backed by Peter Thiel’s Founders Fund. Wash trading is a form of market manipulation. “The suspicious activity on Polymarket raises questions about the accuracy of the site,” Forbes writes.
Singh, now the fourth FTX executive to be sentenced after Sam Bankman-Fried, Caroline Ellison, and Ryan Salame, will receive three years of supervised release.
Judge Lewis A. Kaplan, who has presided over the cases, said that Mr. Singh provided crucial assistance to the government and that he had played a “much more limited” role in the scheme than his colleagues had.
[The New York Times]
Blue Origin leadership has viewed Donald Trump as positive for space. Most of Jeff Bezos’ focus is currently on Blue Origin. “Elon’s real superpower is getting government money,” Bezos has said, according to The Post.
Bezos claims spiking the Post’s Kamala Harris endorsement was a “principled decision.”
[The Washington Post]
don’t feed your fucking private medical records to a chatbot, Jesus Christ.
Here’s why embattled SEC chair Gary Gensler is a hot-button presidential issue.
It was just a little whoopsie it got announced so close to the election, that’s all! Also he didn’t know about the Blue Origin meeting with Trump and besides that was not his fault. “I sighed when I found out,” he says. I guess people are still canceling their subs!
[The Washington Post]
Your vote matters. Here’s how it will change the future.
