9849 stories
·
100 followers

Polymarket Paid Dozens to Post Videos of Themselves 'Winning' With Fake Bets

1 Share
In January a college student posted a video showing him winning $100,000 on Polymarket — one of 145 that appeared to show bets adding up to almost $410,000, reports the Wall Street Journal. "But none of those bets were real." Instead its creator was "one of dozens of mostly college-age creators Polymarket paid to film themselves making fake trades and sometimes scoring fake wins," the Journal reports, citing interviews with the creators an an analysis of more than 1,100 of their videos: Polymarket built near-perfect copies of its website, then instructed creators to make simulated trades on those dummy sites and hide that they were being paid by Polymarket. To get the videos to go viral, Polymarket has recruited a social-media army to copy and re-post creators' footage. Though the New York-based company has been banned from offering its primary crypto platform in the U.S. since 2022, the social-media creators are paid to specifically target U.S. users, who can still access the site with a virtual private network... Polymarket hired and worked closely with a marketing contractor to promote the site. In a message reviewed by the Journal, that contractor told its social-media army to repost content made by 10 Polymarket creators in particular... These creators didn't initially identify themselves as paid by Polymarket, although one offered a $20 bonus code in his social-media bio... The company instructed creators not to disclose they are paid, according to creators who have worked with the company. They said the pay often added up to $2,000 to $3,000 a month... A handful of videos the Journal reviewed also contained short glimpses of URLs indicating the sites were test environments for Polymarket engineers... Creators said they send the finished videos to Polymarket for review. If a video isn't engaging enough, or if it bears obvious signs of being faked, Polymarket will ask for the videos to be reshot, the creators said... Polymarket sends creators bullet-point guidance on what to say, according to creators who have worked with the company and a recruiting website... Polymarket's viral clipping campaign racked up more than 140 million views on TikTok, YouTube and Instagram, according to the analytics provider Tubular... Internal materials show that Polymarket and Virality promote videos showing how easy it is to conduct insider trades on the platform. Polymarket has paid clippers to promote at least 19 videos discussing opportunities to use inside information or other tactics to manipulate markets. America's advertising laws "require people who are paid to endorse a product to disclose their ties," the article notes, "although there is some gray area about what's permitted." (After the Journal's investigation, the creators started adding "@polymarket partner" to their bios, the article points out._ And when asked for a comment, Polymarket "said it plans to conduct a comprehensive audit of active promotional content."

Read more of this story at Slashdot.

Read the whole story
InShaneee
8 hours ago
reply
Chicago, IL
Share this story
Delete

Doom Composer Bobby Prince Has Died

2 Shares
Video game composer and sound designer Bobby Prince has died at age 81 following an illness. Developer id software shared the news. Engadget reports: Prince was perhaps best known for his pioneering work on the Doom series. The Library of Congress inducted his soundtrack for the original game into the National Recording Registry just last month. "Despite the limitations of the 1993-era sound card drivers, Prince composed the perfect riff-shredding accompaniment for the game's demon-slaying journey to hell and back," the Library of Congress stated. "Taking advantage of his knowledge of MIDI, Prince even worked to ensure that the sound effects he created could cut through the music by assigning them to different MIDI frequencies." Prince also worked on games such as Wolfenstein 3D, Rise of the Triad and Duke Nukem 3D. In 2006, the Game Audio Network Guild honored Prince with a lifetime achievement award.

Read more of this story at Slashdot.

Read the whole story
InShaneee
1 day ago
reply
Chicago, IL
Share this story
Delete

Our long national sunscreen nightmare is almost over

2 Shares
You need a quarter teaspoon for your face alone, a half teaspoon if you include the neck (which you should!)

This is Optimizer, a weekly newsletter sent from Verge senior reviewer Victoria Song that dissects and discusses the latest gizmos and potions that swear they're going to change your life. Opt in for Optimizer here.

On TikTok, the tanned youths are explaining why they no longer wear sunscreen. In one video, a young man films himself in the ocean while describing how you can naturally build up a "solar callus" or sun tolerance to getting burned. (You can't.) In another, a young woman confidently states that eating healthy foods full of polyphenols and other antioxidants will help make your body more resilient to sunburn. (Antioxidants help w …

Read the full story at The Verge.

Read the whole story
InShaneee
2 days ago
reply
Chicago, IL
Share this story
Delete

Get with the times — here's what a 'Luddite' means today

1 Share
A protester holds a sign during a protest outside of OpenAI headquarters calling for a pause in AI development in San Francisco on March 21.

It's often a derogatory term used to describe digital dinosaurs and technophobes. That wasn't always the case. NPR's Word of the Week looks back at the not so backwards-looking Luddites.

(Image credit: Manuel Orbegozo)

Read the whole story
InShaneee
2 days ago
reply
Chicago, IL
Share this story
Delete

Bernie Sanders Unveils $7 Trillion Plan To Give Americans Control of AI Industry

1 Share
An anonymous reader quotes a report from the Associated Press: As artificial intelligence companies reshape the economy and race toward trillion-dollar valuations, Sen. Bernie Sanders is proposing a sweeping transfer of wealth and power from the industry to the American public. The legislation, shown first to The Associated Press, would create a sovereign wealth fund overseen by an independent commission and financed through a one-time 50% tax on the stock of the largest AI companies. Sanders estimates that the tax would create a nearly $7 trillion fund that would generate hundreds of billions of dollars annually in direct payments to Americans and programs such as health care, education and housing. [...] The 50% tax would apply to AI companies that reach $200 million in annual AI sales. Any new AI company that reaches that benchmark would also be subject to the tax. It would create a sovereign wealth fund -- similar to those used by countries around the world and some U.S. states -- that Sanders estimates would be worth around $7 trillion. Unlike a traditional tax, the proposal would require companies to transfer stock rather than cash, effectively making the American public a major shareholder in the country's largest AI firms. A seven-person independent commission -- nominated by the president and confirmed by the Senate -- would manage the fund and use its voting shares "to block decisions that hurt the American people and to push for policies that help them," the bill summary says. Sanders proposes that a 5% annual dividend from the fund would provide direct payments of more than $1,000 to every American. If companies grow, the gains would be used for public goods such as education, housing and health care. Sanders argues taxpayers would not bear the losses if AI company valuations decline. "We're not going to lose any money, even if there is a bust in the bubble," Sanders said. The commission would be directed to "to block decisions that hurt the American people and to push for policies that help them," according to the summary. "The benefits cannot simply go to the handful of wealthy corporations. They will be shared by the American people," the independent Vermont senator said in an interview Wednesday. "The public has got to have a significant seat at the table to make sure that terrible things do not happen to ordinary people, and that in fact, AI benefits ordinary people, not hurts them," Sanders said.

Read more of this story at Slashdot.

Read the whole story
InShaneee
3 days ago
reply
Chicago, IL
Share this story
Delete

Epic Games Announces Lore Open-Source Version Control System

1 Share
Epic Games has released Lore, an MIT-licensed version control system written in Rust and designed specifically for "games and entertainment purposes with large file sizes," reports Phoronix. From the report: While there is Git LFS for large file storage with Git, Epic Games has crated Lore as a version control system designed entirely around the large file needs of modern game development as well as multimedia/entertainment purposes. Lore is designed to be fast and efficient for large files including binary files, and be easy-to-use including for 3D artists and more. The Lore documentation elaborates more on its differences and motivation for development compared to Git: "No existing system was designed for the combination of constraints that large game and entertainment projects require: arbitrary content types, multi-axis scale, multi-tenant safety, and a fully open specification and license. [...] Lore is designed to combine what works in each (Git's content-addressed revision graph and centralized systems): a centralized server-of-record for durability, access control, and conflict resolution; content-addressed storage with fragment-level deduplication that is as effective on a multi-gigabyte binary as on a kilobyte of text; sparse, lazy working copies that materialize only what you need; free branching; and a fully open, publicly versioned specification and MIT license. Normal editing operations -- staging, committing, branching, diffing -- never require a network round trip." You can learn more at Lore.org. All the code is available on GitHub.

Read more of this story at Slashdot.

Read the whole story
InShaneee
4 days ago
reply
Chicago, IL
Share this story
Delete
Next Page of Stories