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Nevada is taking action against the rapidly growing Wild West of prediction markets. The state's gambling regulators and attorney general sued Kalshi on Tuesday. They accuse the company of bypassing Nevada law by operating a sports gambling market without proper licenses. In addition, they say Kalshi provides services to individuals under 21, which violates state law.The lawsuit follows a federal appeals courts rejection of Kalshi's request to prevent the state from pursuing legal action. And it comes a day after the Trump administration claimed that only the federal government has the right to enforce the industry.Prediction markets, which allow users to bet on events such as sports, political outcomes and wars, have exploded in popularity. Business Insider reports that Kalshi did 27 times as much business during this year's Super Bowl as last year's. Some of that growth has been at the expense of regulated gambling; Nevada's gambling operations did less business during this year's game."Kalshi has continued to dramatically expand its business, rather than attempting to maintain any kind of status quo," Nevada regulators wrote in a letter this month.Kalshi and rival Polymarket insist that their businesses are "event contracts" and should be regulated as financial investments rather than gambling. The Trump administration, rife with conflicts of interest in this area, agrees. The Chair of the Commodity Futures Trading Commission (CFTC) filed an amicus brief on Tuesday, claiming that it alone has the authority to enforce the prediction market."The CFTC will no longer sit idly by while overzealous state governments undermine the agency's exclusive jurisdiction over these markets by seeking to establish statewide prohibitions on these exciting products," CFTC Chair Michael Selig wrote in a Wall Street Journal op-ed.Donald Trump Jr. (Photo by Olivier Touron / AFP via Getty Images)OLIVIER TOURON via Getty ImagesNot coincidentally, prediction markets are a growing part of the Trump family business. Donald Trump Jr. is a paid adviser to Kalshi. He's also an investor in and unpaid adviser to Polymarket. In January, his family's social media business said it would launch its own prediction market platform.Prediction markets have the potential to be a hotbed of insider trading. According to blockchain analyst DeFi Oasis, fewer than 0.04 percent of Polymarket accounts have captured over 70 percent of the platform's total profits, totaling over $3.7 billion.Last month, The Guardian highlighted the case of a Polymarket user who bet tens of thousands of dollars on "yes" to the question, "Israel's military action against Iran by Friday?" Within 24 hours, Israel bombed Iran, leaving hundreds dead. The user made $128,000 on that bet. The Guardian traced the blockchain data to a wallet associated with an X account. Its location on the social platform was set to Beit Ha'shita, a northern Israeli settlement. The user later transferred their bets to two other accounts, apparently to avoid detection. In January, the accounts held 10 live bets n Israeli military strategy.Another anonymous user made over $400,000 by betting that Nicolás Maduro would be ousted by the end of January. The bets were placed in the hours and days leading up to the US strikes on Venezuela. In another case, eight jointly owned accounts collectively generated over $161,000 by betting on the country's María Corina Machado Parisca winning the Nobel Peace Prize. The accounts' handles used names such as "fmaduro," "madurowilllose," "striketheboats" and "trumpdeservesit".This article originally appeared on Engadget at https://www.engadget.com/big-tech/nevada-sues-kalshi-for-operating-a-sports-gambling-market-without-a-license-175721982.html?src=rss
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Apple has scheduled a product launch event, dubbed an "Apple Experience", for March 4 at 9AM ET. The company is reportedly holding this event in NYC, London and Shanghai. Everyone loves shiny new products, so what can we expect to see at Apple's first launch event of 2026? We don't know anything for certain, but we have plenty of educated guesses that have been sourced from industry reports and speculation from analysts. Budget-Friendly MacBook There have been rumors swirling that Apple is preparing to launch a cheaper alternative to the MacBook Air. Bloomberg reported on this all the way back in November. Industry rumors indicate that Apple will be stuffing this laptop with an iPhone processor, the A18 Pro, to keep the price down. Worth pointing out the three colors from the invite are light green, blue and yellow -- which just so happen to be the colors Apple has tested the low-cost MacBook with, as I wrote yesterday. Coincidence? We shall see. https://t.co/1FFVkfw9JZ pic.twitter.com/ssKDDzdJsw Mark Gurman (@markgurman) February 16, 2026 It's also been suggested that this laptop will only include 8GB of RAM, which kind of flies against the company's recent stance to outfit all Macs with at least 16GB of RAM. However, that would certainly help with the cost. You might have heard about a little thing called AI that chomp chomps on all RAM it can find. TechRadar has reported that this could be Apple's biggest laptop launch in years, with potential initial shipments hitting 8 million units. The price is likely to be somewhere in the $699 to $799 range, which is pretty nifty. However, I'd still go for an Air at $999. They are absolute workhorses. MacBook Pro with M5 Pro and Max chips It's likely that Apple will release more powerful MacBook Pro models this year and the timing seems to match up. Bloomberg's Mark Gurman has suggested a March launch and the event is on March 4. The company has already released a MacBook Pro with an M5 chip, but both the M5 Pro and Max are likely on the horizon. We could be getting new laptops outfitted with these chips in various display sizes. Devindra Hardawar for Engadget There have also been reports that both of the higher-end M5 chips are getting a redesign to help improve heat dissipation and reduce defective chip rates. Additionally, the new chiplet design would allow the M5 Pro and Max to raise the total number of CPU and GPU cores. The Max is expected to have more cores than the Pro. This idea is helped along by the fact that MacBook Pro M4 Max orders are currently delayed. This is typically the case with an outgoing model as stock dries up to make room for new releases. Also, the Pro and Max variants typically get announced in the Fall, so we are due. New iPads Rumors have been circulating that we are about to get new iPads, including an update to the base model and the Air. The standard model, which would be the 12th-gen release, is expected to upgrade the A16 chip to an A18. This should also allow for the integration of Apple Intelligence tools, if that's your bag. Nathan Ingraham for Engadget As for that iPad Air, rumors suggest an upgrade to the M4 chip from the M3. An extremely light tablet with an M4 would be fairly notable in my estimation, as only the newest iPad Pro has that chip. iPhone 17e It was almost exactly a year ago that Apple announced the iPhone 16e, so you know what that means. It's time for a refresh. Recent reports have suggested that an announcement regarding the iPhone 17e is imminent, so this launch event seems like as good a place as any to reveal the latest "budget-friendly" smartphone. As for specs, Mark Gurman has suggested that it'll be getting an upgrade to the A19 chip, which is nice. Also, it could be getting MagSafe support. That sounds like an iterative upgrade, but the price is expected to remain steady at $599. Other Possibilities The following stuff is less likely, though certainly possible. There have been rumors that Apple is currently preparing a revamped Studio Display and Mac Studio desktop. The reports suggest a release sometime in the first half of the year, and March is right in the middle of that timeframe. It's also possible that the company will reveal an upgrade to the MacBook Air with the M5 chip. Reports indicate that this is unlikely to happen during this event, but it is worth noting that the M4 Air came out in March of last year. In other words, it's a toss up. The inclusion of Shanghai essentially rules out Siri, as expected, given the delays. https://t.co/mgNLR4qCYy Mark Gurman (@markgurman) February 16, 2026 What's not a toss up? You shouldn't expect anything regarding the long-anticipated Siri refresh. This looks to be a hardware event, so any software updates will likely have to wait until WWDC this summer. In any event, Engadget will be on hand to report on all of Apple's new products. This article originally appeared on Engadget at https://www.engadget.com/computing/heres-what-to-expect-at-apples-product-launch-event-on-march-4-173612772.html?src=rss
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Ticketing marketplace SeatGeek has announced a partnership with Spotify that will direct an artist's fans to its platform from the Spotify app. The integration is currently limited to a few participating venues for which SeatGeek is the primary ticket seller. While SeatGeek is one of the largest online marketplaces for the secondary ticketing market, the company's announcement makes clear that this Spotify integration only applies to venues where it's the primary ticketing company. For now, that's just 15 US partner venues, primarily professional sports arenas like AT&T Stadium in Arlington, Texas. Spotify has experimented with direct ticket sales in the past, but now focuses on signing on partners to integrate into the streaming experience. The company currently lists 46 ticketing partners, including Ticketmaster, AXS and others. The app also allows users to follow specific venues to be notified about upcoming concerts and events. The world's largest music streaming service has added a glut of new features recently. One helps listeners learn more about a song, while another new addition finally added group messaging. The platform, which now boasts some 750 million monthly users, has also been trying to address AI slop in its library, although not very hard by the looks of it.This article originally appeared on Engadget at https://www.engadget.com/entertainment/streaming/spotify-debuts-seatgeek-integration-for-concert-ticket-sales-162248870.html?src=rss
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