
Online gamblers raked in thousands on bets against the Titanic sub crew’s survival
Online gamblers bet hundreds of thousands of dollars on whether the submarine that went missing on a recent expedition to the Titanic, in what online critics called a “dystopian” use of digital finance. Since Wednesday, people wagered at least $300,000 on the fate of the vehicle using the crypto platform Polymarket, Mother Jones reports. On the site, betters buy and sell shares on the outcomes of events using cryptocurrency, and can redeem their shares for $1 each if their guesses are correct. Follow the latest updates on the missing Titanic submarine here “For the purposes of this market, the vessel need not have been rescued or physically recovered to be considered ‘found,’” reads the description page for the submarine bets. “If pieces are located, but not the cabin which contains the vessel’s passengers, that will not suffice for this market to resolve to ‘Yes.’” One user, asking only to be identified by his first name, Rich, told Mother Jones he made around $3,250 betting. He argued what he was doing was morally defensible because unlike the regular stock market, it had no impact on the fate of the entity being wagered upon. “My answer would be that markets are fundamentally immoral. There’s no ethical consumption under capitalism,” Rich said. Others weren’t so sure. Social media users racked up thousands of likes criticising such gamblers. “Actually insane,” one commenter wrote. “Imagine making money off of if someone is gonna die or not.” Polymarket defended its offerings on the submarine, arguing that it was a neutral way of calculating the likelihood of a rescue. “If the families were privy to Polymarket, they could use the market as a way to obtain the real-time, unbiased probability of the submarine being recovered,” the company said in an email to Gizmodo. “That is a far more valuable service to them than sensationalist media coverage: with our markets at least they understand the true probabilities.” Bookmakers take bets on nearly everything, from sports to sex tapes, but the industry does have some lines regarding poor taste. According to Betting Gods, a gambling industry tip site, most major bookmakers refused to take bets regarding the death of Queen Elizabeth. “Major bookmakers won’t bet on the Queen dying as it would offend most of its regular customers. Whether they all agree with Britain having a royal family or not, most people would prefer to bet on a variety of other things such as sports,” the site wrote in an article. “When asked the question of why bookmakers won’t bet on what age the queen will die, the spokespeople of all the major bookmakers were unanimous in saying that it was important that people understand where the parameters of bad taste bets can’t be crossed.” Read More US launches prosecutions of Chinese companies on charges of trafficking fentanyl ingredients Titanic sub latest - Coast Guard makes stunning admission about ‘explosion’ when submersible lost contact OceanGate CEO said he was ‘personally insulted’ by ‘baseless cries’ about Titanic sub’s deadly safety flaws Federal court halts ‘suppressive’ Florida drag ban Florida's law targeting drag shows is on hold under federal judge's order Recovery could cost millions as Coast Guard stunningly admits submersible ‘explosion’
2023-06-24 07:46

Oatey Co. Hosts Tile Contractor Influencers at Oatey University for Inaugural Tile Installer Summit Event
CLEVELAND--(BUSINESS WIRE)--Sep 6, 2023--
2023-09-06 20:46

The 48 Biggest Summer Blockbusters of the Past Half Century
From ‘Jaws’ to ‘Top Gun: Maverick,’ here are the biggest summer blockbusters since 1975.
2023-05-27 00:23

Scientific test will reveal how vulnerable you are to fake news
A new study will determine how vulnerable you are to fake news. Through an online test, users have to rate 20 headlines as real or fake and see how many the get right. Ten of the headlines are real, while the other 10 were generated by artificial intelligence (AI) chatbot ChatGPT, before being vetted and selected by a panel of experts. When refining and selecting the fake questions, the team looked for common features of misinformation, such as looking at people's political biases, and tinges of conspiracy theories. The real headlines were selected from the Media Bias Fact Check database, from reputable news sources. Sign up to our free Indy100 weekly newsletter The team, conducting the research on 1,516 US adults, found that the average American got 13 out of 20 headlines correct meaning that on average US adults fail to classify one-third of real or fake headlines into their correct category. The headline people got correct the most was "Republicans Divided in Views of Trump’s Conduct, Democrats Are Broadly Critical", with 80 percent of participants rating it as real. Younger participants scored lower on the misinformation test, getting on average 12 out of 20 to older adults' 15. If you fancy seeing how susceptible to fake news you are, you can take the test yourself by clicking the link. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-12 22:46

Kamala Harris arrives in the UK ahead of AI safety summit
US Vice President Kamala Harris has arrived in the UK ahead of attending Rishi Sunak’s summit focused on the safe use of artificial intelligence (AI). Ms Harris touched down at Stansted Airport on Tuesday evening with her husband Second Gentleman Douglas Emhoff for the summit. She will represent the US at Bletchley Park, near Milton Keynes, on Wednesday and Thursday in place of President Joe Biden. French President Emmanuel Macron will also not be in attendance, whilst Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz are also believed to be unlikely to show up. But Downing Street denied on Monday that the summit was being snubbed by world leaders. Elon Musk, the Tesla CEO and owner of the social media site X, will attend and join Mr Sunak for a live interview after the summit closes. The Prime Minister hopes the summit on AI safety will cement the UK’s status as a leading world player in the cutting-edge technology. Mr Sunak also said last week that mitigating the risk of extinction because of AI should be a global priority alongside pandemics and nuclear war. It comes as Mr Biden signed an executive order on AI on Monday, and said the technology was driving change at “warp speed” and carries tremendous potential as well as perils. The order seeks to steer how AI is developed so that companies can profit without putting public safety in jeopardy. Using the Defence Production Act, it requires leading AI developers to share safety test results and other information with the government.
2023-11-01 06:45

California school board adopts social studies textbooks that include gay rights after warnings from governor
A Southern California school board on Friday adopted a social studies curriculum that includes gay rights that was approved by parents and teachers after initially rejecting it.
2023-07-22 20:47

The 'doomed Phobos moon' is about the crash into Mars
When NASA’s Perseverance Rover observed an image from Mars of its moon Phobos eclipsing the Sun, it was a reminder that the astronomical body is doomed to crash into the planet. Phobos is the closest of Mars’ two moons and it is due to fall out of orbit relatively soon. When it does, it will either crash into the surface of the planet or break up completely. Before it does, it will drift ever closer to Mars at a relatively rapid rate. "Phobos is nearing Mars at a rate of six feet (1.8 meters) every hundred years; at that rate, it will either crash into Mars in 50 million years or break up into a ring," NASA says about the moon. Sign up to our free Indy100 weekly newsletter A statement about the recently recorded eclipse states: "Scientists already know that Phobos is doomed. “The moon is getting closer to the Martian surface and is destined to crash into the planet in tens of millions of years. But eclipse observations from the surface of Mars over the last two decades have also allowed scientists to refine their understanding of Phobos’ slow death spiral." NASA's Perseverance Rover Sees Solar Eclipse on Mars www.youtube.com Mars is the subject of much scientific interest right now, especially after Nasa discovered “diverse organic matter” on the surface of the planet, which could change our understanding of the red planet and the search for life in the universe. The Perseverance rover made the discovery in the Jezero Crater on Mars and a number of different explanations for the existence of the material have been posited. The materials could have been formed when water and dust interacted, or was dropped onto the planet by dust or meteors. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-31 20:45

China Seeks to Tie Chip Access to Climate Action in G-20 Talks
China has raised the issue of improved access to advanced semiconductors in international discussions over progress on tackling
2023-09-07 23:25

How to create viral YouTube videos? MrBeast shares 'awesome advice for YouTubers' leaving fans 'tempted', but there's a catch
In this article, you will get to know about MrBeast awesome advice for YouTubers
2023-07-17 18:57

No way to police all cryptocurrency fraud, CFTC commissioner says
By Luc Cohen NEW YORK A top U.S. regulator said on Tuesday there is no way to police
2023-05-24 16:59

Perfect Corp. Introduces New 3D VTO Format Whitepaper Designed for a Seamless AR Virtual Try-On Compatibility for Jewelry, Watches and Eyewear
NEW YORK--(BUSINESS WIRE)--Jun 22, 2023--
2023-06-22 18:51

Social media star Joe Bartolozzi subject of sick death hoax
Social media star Joe Bartolozzi has been the victim of a viral hoax after rumours of his alleged death began to circulate online. Fans became concerned when the words “Joe Bartolozzi dead” trended online, but who is the influencer and why was he a victim of the death hoax? Who is Joe Bartolozzi? 21-year-old Bartolozzi is an American YouTuber, TikToker and streamer who has grown a social media following thanks to his amusing commentary and content. He boasts a staggering 22.5 million followers on TikTok where his clips have racked up 1.8 billion likes. Since creating a YouTube channel in 2020, Bartolozzi has gained 1.46 million subscribers, while his other social media platforms also have millions of followers and lots of engagement. So, when fake rumours suggested that Bartolozzi had died, it didn’t take long for the phrase “Joe Bartolozzi dead” to start trending as people tried to get to the bottom of it. But, his fans were quickly reassured when Bartolozzi continued to post on his social media channels. In one TikTok which has been viewed over 11 million times, Bartolozzi addressed the death hoax saying that it had become very annoying for him. Sign up to our free Indy100 weekly newsletter @joe.bartolozzi @river its been a week and im over it He yelled: “I didn’t die because it would be impossible for me to talk about how I died. It has been one week – one week, seven days – it’s already really f***ing annoying.” In the comments, fans poked fun at the rumours, joking that his video was produced by artificial intelligence. One fan joked: “This Ai stuff is getting out of hand let him rest.” “AI is getting too far…” another said. Someone else mocked: “He made backup videos so we won't be sad that he is not here. Fly high joe.” Bartolozzi has posted regularly since the rumours began so it’s safe to say he is alive and well. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-06-26 22:46
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