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Polymarket Refuses To Pay Bets That US Would 'Invade' Venezuela

Slashdot.org - Wed, 01/07/2026 - 09:40
Polymarket is disputing that the mission to capture Nicolas Maduro constituted an invasion and said it will only settle a prediction contract if the US military takes control of Venezuelan territory. From a report: The decision by the prediction market has angered gamblers and added to the controversy surrounding a successful wager on the timing of Maduro's capture that netted more than $400,000 in winnings for a mystery trader. The dispute over the definition of "invade" highlights just one of the controversies faced by the mostly unregulated industry. Polymarket -- which only recently gained regulatory approval to operate legally in the US -- says on its website that it will resolve the "Will the US invade Venezuela by ... ?" contract if the US "commences a military offensive intended to establish control over any portion of Venezuela" by one of three dates. "The resolution source for this market will be a consensus of credible sources," it adds. Prediction platforms such as Polymarket do not typically make directional wagers in their own markets. Rather, they act as an intermediary matching long and short positions and adjudicating the outcome of events, collecting a fee in the process.

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South Korea's President Identifies a New Enemy: Baldness

Slashdot.org - Wed, 01/07/2026 - 09:00
South Korea's President Lee Jae Myung asked at a televised policy meeting last month whether the country's state-run healthcare plan could cover hair-loss treatment, framing it as a question about whether hair loss qualifies as a disease. The health minister told Lee that baldness is generally considered an aesthetic problem and therefore covered out-of-pocket, but the 61-year-old president -- who himself has a full head of hair -- pushed back, arguing that young people experiencing thinning hair view their situation as a "matter of survival." The proposal has divided the country. South Korea is known for a cultural phenomenon called "lookism," where physical appearance carries significant weight in professional and social settings. The expression "your appearance is also a credential" is common, and nearly all job applications require a photograph, including those for part-time barista positions. Lee first made the pledge to cover hair-loss treatment during his unsuccessful 2022 presidential campaign but dropped it when he ran again. He won a snap election in June and has now resurrected the idea as a way to appeal to younger voters who have grown more dissatisfied with him. The Korean Medical Association has called the proposal "questionable" given the health system's stretched finances. The health ministry is currently reviewing whether the treatments are appropriate for coverage. More than three in four South Koreans believe everyone has concerns about hair loss, according to a recent Embrain Trend Monitor poll.

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Founder of Spyware Maker PcTattletale Pleads Guilty To Hacking, Advertising Surveillance Software

Slashdot.org - Wed, 01/07/2026 - 08:00
An anonymous reader quotes a report from TechCrunch: The founder of a U.S.-based spyware company, whose surveillance products allowed customers to spy on the phones and computers of unsuspecting victims, pleaded guilty to federal charges linked to his long-running operation. pcTattletale founder Bryan Fleming entered a guilty plea in a San Diego federal court on Tuesday to charges of computer hacking, the sale and advertising of surveillance software for unlawful uses, and conspiracy. The plea follows a multi-year investigation by agents with Homeland Security Investigations (HSI), a unit within U.S. Immigration and Customs Enforcement. HSI began investigating pcTattletale in mid-2021 as part of a wider probe into the industry of consumer-grade surveillance software, also known as "stalkerware." This is the first successful U.S. federal prosecution of a stalkerware operator in more than a decade, following the 2014 indictment and subsequent guilty plea of the creator of a phone surveillance app called StealthGenie. Fleming's conviction could pave the way for further federal investigations and prosecutions against those operating spyware, but also those who simply advertise and sell covert surveillance software. HSI said that pcTattletale is one of several stalkerware websites under investigation.

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Congressman Introduces Legislation To Criminalize Insider Trading On Prediction Markets

Slashdot.org - Wed, 01/07/2026 - 05:00
Ritchie Torres has introduced a bill to ban government officials from using insider information to trade on political prediction markets like Polymarket. The bill was prompted by reports that traders on Polymarket made large profits betting on Nicolas Maduro's removal, raising suspicions that some wagers were placed using material non-public information. "While such insider trading in capital markets is already illegal and often prosecuted by the Justice Department and Securities and Exchange Commission, online prediction markets are far less regulated," notes Axios. From the report: Rep. Ritchie Torres' (D-N.Y.) three-page bill, a copy of which was obtained by Axios, is called the Public Integrity in Financial Prediction Markets Act of 2026. It would ban federal elected officials, political appointees and bureaucrats from making insider trades on prediction sites sites such as Polymarket. Specifically, the bill prohibits such government officials from trading based on information that is not publicly available and that "a reasonable investor would consider important in making an investment decision." [...] It's not clear if House Speaker Mike Johnson (R-La.) would put Torres' bill to a vote in the House or if President Trump would sign it. "We're looking at the specifics of the bill, but we already ban the activity it cites and are in support of means to prevent this type of activity," said Elisabeth Diana, a spokesperson for the prediction website Kalshi. Diana added that the "activity from the past few days" did not occur on their platform.

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