Showing posts with label prediction markets. Show all posts
Showing posts with label prediction markets. Show all posts

Friday, August 7, 2026

News roundup, 7 Aug 2026

- The heat wave striking Europe continues to rage. Temperatures as high as 42°C have been recorded in Slovakia; in Poland two coal-fired power plants were forced to shut down due to low water levels in the Vistula River, removing 1.3 gigawatts of power from the country's grid.

- Danielle Smith is criticizing the Edmonton Police Service for a video that encourages people to report hate speech. Smith posted on X (the former Twitter) that the police should focus on crime, not "free speech".

- A judge in New Mexico has slapped Meta with a $567 million fine for failing to warn the public about the possible harm that its social media platforms, including Facebook and Instagram, can do to children. This is on top of another $375 million in fines related to the same case. The judge compared the psychological harm done to young people to pollution, calling it a "public nuisance".

- Several legislators in the US are concerned that "prediction markets" such as Polymarket and Kalshi allow people to place bets regarding wildfires, possibly providing an incentive for people to deliberately start said fires. They are calling on the Commodity Futures Trading Commission (CFTC), which regulates the industry, to prohibit the practice. Similar concerns are being raised about such bets on the outcome of clinical trials, with fears that researchers could have an incentive to tamper with trials in some way.

- Toronto police have charged two people, aged 19 and 15, in connection with the recent gunfire incident at the US consulate in that city. The two are believed to have been hired for the job; police are still trying to determine who hired them.

- A 14 year old Thai boy killed his grandparents, then went on a rampage at the prestigious school he attended outside Bangkok. Five teachers were fatally shot and more than 30 teachers and students were wounded before he turned the gun on himself. The murder weapon was a 9 mm handgun owned by his grandfather.