Fortune

Prediction markets’ reputation comes back to earth after surprise result in Wisconsin

Prediction markets’ reputation comes back to earth after surprise result in WisconsinWorldPing

Kalshi and Polymarket gave Francesca Hong roughly a 95% chance of winning on the eve of the primary, before David Crowley’s upset.

This is a short WorldPing brief. The full report was published by Fortune.

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BAE Systems to pay $36m penalty after 104 violations of US arms export rulesWorldPing
The Guardian

BAE Systems to pay $36m penalty after 104 violations of US arms export rules

State department says it has reached administrative settlement with company’s US arm to resolve breaches The UK defence company BAE Systems is to pay a $36m (£26.7m) civil penalty after breaching US arms exports regulations more than 100 times.

Brief by WorldPing · Original reporting by The Guardian

ESPN

More Fever players back White after coach booed

Fever All-Stars Aliyah Boston and Kelsey Mitchell supported coach Stephanie White on Thursday, saying they were disappointed by the boos during White's introduction at Tuesday's home game.

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Feds probe 'mention markets' amid White House Kalshi controversyWorldPing
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Feds probe 'mention markets' amid White House Kalshi controversy

Betting on what people say is becoming an increasingly popular category of prediction market sites. Now, federal officials have opened a probe examining whether those markets are a magnet for manipulators.

Brief by WorldPing · Original reporting by NPR Top