All posts tagged: insider

US Senate Candidate Caught Insider Trading on Kalshi Says He Did It on Purpose

US Senate Candidate Caught Insider Trading on Kalshi Says He Did It on Purpose

Published by skeptic

Kalshi announced Wednesday that it had taken action against three US politicians for violating the prediction market platform’s rules on insider trading. One of the candidates, Mark Moran, a former investment banker and contestant on the reality dating show FBoy Island, is running a longshot campaign for US Senate in Viriginia against incumbent Mark Warner. According to Moran, getting caught was actually his plan all along: “I bet $100 on myself, not denying that, I did do it,” he tells WIRED. “I wanted to see if they would enforce it.” Moran claims that he was inspired to pull off the stunt after observing what he believed was market manipulation on Polymarket related to the New York mayoral race in 2025. The intended goal, he says, was to raise awareness about how prediction markets are “contributing to the further devolvement of our society.” Describing his decision, Moran framed it as a kind of avant garde campaign tactic that tested the limits of the “all press is good press” credo. “I’ve been waiting for months for attention …

New York Bans Government Employees from Insider Trading on Prediction Markets

New York Bans Government Employees from Insider Trading on Prediction Markets

Published by skeptic

New York has banned state employees from using insider information to trade on prediction markets. In an executive order signed today and viewed by WIRED, Governor Kathy Hochul forbade the state’s government workforce from using “any nonpublic information obtained in the course of their official duties” to participate on prediction market platforms, or to help others profit using those services. “Getting rich by betting on inside information is corruption, plain and simple,” Hochul said in a statement provided to WIRED. “Our actions will ensure that public servants work for the people they represent, not their own personal enrichment. While Donald Trump and DC Republicans turn a blind eye to the ethical Wild West they’ve created, New York is stepping up to lead by example and stamp out insider trading.” The order was not spurred by any specific insider trading incidents involving New York state employees. “There are no known instances of this behavior to date,” says New York State Executive Chamber deputy communications director Sean Butler. This is the latest in a wave of initiatives …

Donut Lab’s ‘miracle’ solid-state battery is fraud, says insider, Donut Lab denies

Donut Lab’s ‘miracle’ solid-state battery is fraud, says insider, Donut Lab denies

Published by skeptic

Donut Lab’s miraculous solid state battery, promising energy density, charging and durability numbers unseen by the industry, has been subject to a criminal complaint in Finland from an insider who says it doesn’t live up to the public promises Donut Lab has made. But the company says that the insider didn’t work on the battery project, and denies any fraudulent behavior. Solid state batteries have long been promised as the next evolution of battery technology, using a solid electrolyte for theoretically much higher energy density. Despite these many promises over more than a decade, none have yet turned out to be manufacturable at scale and to offer better overall performance than current liquid/gel electrolyte batteries. But early this year, Finnish company Donut Lab shocked the industry with claims of a 400Wh/kg, 100k cycle life, 5-minute-charging solid state battery that it claimed was ready for production in Q1. Advertisement – scroll for more content Since then, Donut Lab has engaged in independent testing which validates some of its claims, but has left out important details, like …

Kalshi, Polymarket lobby as insider trading, betting eyed by Congress

Kalshi, Polymarket lobby as insider trading, betting eyed by Congress

Published by Sam Flores

With proposals to rein in prediction markets proliferating through the halls of Congress in recent weeks and months, Kalshi — one of the biggest players in the booming industry — went on defense. The New York-based platform launched an ad campaign throughout Washington, rolling out mint-green spreads on billboards, bus shelters and inserts in The Washington Post. The ads seek to deflect the spate of criticism being hurled Kalshi’s way and to position it as different from Polymarket, the other global industry giant. “We ban insider trading,” “We don’t do death markets,” “We aren’t the house,” “We operate under U.S. law,” the ads read. The companies are looking to get ahead of lawmaker concerns about insider trading and bets placed on things like war-related deaths. Building corporate influence in the capital city is a well-used playbook. Prediction markets are a new player, and Kalshi and Polymarket are working to create goodwill with Congress and regulators, who are raising concerns about insider trading and unseemly bets on the platforms. “There’s been a lot of conflation between …

Billionaire Says Insider Trading Should Be Fully Legalized

Billionaire Says Insider Trading Should Be Fully Legalized

Published by José Betancourt

Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech You know how you curb illegal insider trading? Well, according to this one mega-rich billionaire: legal insider trading. In an interview on Bloomberg’s Odd Lots podcast, Thomas Peterffy, the founder and chairman of Interactive Brokers Group, argued that trying to stop the practice is futile, so you should let everyone do it and allow asset prices to correct themselves over time instead. He didn’t frame it as a naked ploy to allow kleptocrats to further enrich themselves, but as a legitimate boon to larger society. “I’m in favor of not having any rules against insider trading. I would like all the information out there as soon as it’s available,” Peterffy said on the podcast. “Because look, as a society, we are better off knowing as soon as possible anything that is knowable.” The effrontery of Peterffy’s remarks can’t be overstated. His company owns and runs ForecastEx, a prediction market that lets you place bets on the outcomes of …

Irene Forte’s insider guide to Sicily

Irene Forte’s insider guide to Sicily

Published by Sam Flores

Sicily, in particular the island’s south-west coast, is my favourite place in the world. The light, the scents of orange blossom and sea salt, the warmth of the people — everything feels alive and profoundly authentic there. Sicily is at the heart of Irene Forte Skincare. The colours of its landscape inspired our packaging; the Mediterranean diet inspired our ingredients; and the Sicilian philosophy of balance and longevity shaped our approach to long-term skin health. We source our principal ingredients from our organic farm, work closely with local artisans and farmers, and support the Sicily Environment Fund. Every element of the brand — from the materials we use to the treatments we create — is rooted in this extraordinary land. Source link

Microsoft’s Windows Insider Program is no longer a confusing mess

Microsoft’s Windows Insider Program is no longer a confusing mess

Published by skeptic

Ed Bott / Elyse Betters Picaro / ZDNET Follow ZDNET: Add us as a preferred source on Google. ZDNET’s key takeaways Microsoft is making the Insider Program less complicated. Beta channel will be a more reliable preview of the next retail release. Other changes will allow testers to quickly enable/disable new features. Last month, Microsoft took official notice of its customers’ many complaints about Windows 11. Pavan Davaluri, the executive vice president who runs the Windows and Devices group, promised sweeping changes to Windows 11. Today, the company announced the first of those changes in a post authored by Alec Oot, who’s been the principal group product manager for the Windows Insider Program since January 2024. Those changes will streamline the Insider program, which has lost sight of its original goals in the past few years. (For a brief history of the program and what had gone wrong, see my post from last November: “The Windows Insider Program is a confusing mess.”) Also: If Microsoft really wants to fix Windows 11, it should do these …

As Astronauts Visit the Moon, NASA Insider Says Agency Is in Shambles Behind the Scenes

As Astronauts Visit the Moon, NASA Insider Says Agency Is in Shambles Behind the Scenes

Published by José Betancourt

Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech We watched in awe as four NASA astronauts crammed inside a small spacecraft traveled around the far side of the Moon before starting their five-day return journey this week, delivering spectacular images of the “blue marble” we call our home and our closest celestial neighbor’s cragged surface. The images perfectly highlighted the frailty of our existence: a tiny sliver of an atmosphere trapping a perfectly composited mixture of gases that allows life to flourish, making us possibly unique in the universe (at least as far as we know.) And yet, despite an undeniable and worsening climate crisis, the Trump administration has turned a blind eye to environmental regulations and research, forcing out thousands of scientists and systematically dismantling atmospheric research institutions, as former NASA Goddard Institute for Space Studies research scientist Kate Marvel detailed in a scorching new guest essay published by the New York Times. In her essay, Marvel argued that the astronauts’ “pictures remind us that …