Report: Polymarket Ignored Warnings During $10M Fraud Attack
Bad actors targeted Polymarket’s U.S. platform in a $10 million fraud scheme using stolen debit cards, pushing payment processor Checkout.com to reject over 80% of deposits as fraudulent. High Rejection Rates Trigger Payment Processor Crackdown Prediction-market startup Polymarket faces accusations of prioritizing user expansion and aggressive growth over compliance safeguards when bad actors targeted its […] Powered by...
Bitcoin Price Has Risen 37% Since Jim Cramer Said Sell BTC Last Month
Bitcoin has climbed as much as 37% since Jim Cramer told CNBC viewers on Aug. 3 that he was dumping his bitcoin over quantum computing fears. The Call That Aged Badly Cramer’s apprehension apparently began on July 30, when, during an interview with IBM Chairman and CEO Arvind Krishna, he asked whether quantum computers could […] Powered by...
Draftkings Shelved a Problem-Gambling AI While Targeting Likely Losers
According to a New York Times investigation published Saturday, Draftkings built a machine-learning model to steer promotions toward the gamblers it predicted would lose the most, and shut down internal efforts to predict problem gambling. The company rejects the characterization. ‘The Best Investment Would Be a Problem Gambler’ The Times based its reporting on interviews […] Powered by...
Kalshi’s Parlay Maker Fee Has Already Brought in $26 Million in Four Weeks
Kalshi’s maker fees on parlays have brought in $26 million in their first four weeks, according to an Ingame analysis of the exchange’s trade data. The fee took effect on Aug. 20, with traders first flagging it rather than the prediction market itself. At the time of writing, it still does not appear in the […] Powered by...
Monks Erased an Archimedes Manuscript, and Science May Have Lost Centuries
In 1906, Danish philologist Johan Ludvig Heiberg spotted faint traces of Archimedes beneath a medieval prayer book, a palimpsest created after monks recycled the parchment. Modern multispectral imaging using ultraviolet, infrared, and X-rays later recovered “The Method of Mechanical Theorems,” showing Archimedes developed mathematical ideas roughly 1,800 years before Newton and Leibniz. A prayer book […] Powered by...
