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An anonymous reader quotes a report from Reuters: A federal appeals court ruled on Monday that New Jersey gaming regulators cannot prevent Kalshi from allowing people in the state to use its prediction market to place financial bets on the outcome of sporting events. A three-judge panel of the Philadelphia-based 3rd U.S. Circuit Court of Appeals ruled 2-1 (PDF) in finding that the U.S. Commodity Futures Trading Commission has exclusive jurisdiction over the sports-related event contracts that Kalshi allows people to trade on its platform. The ruling marked the first time a federal appeals court has ruled on what has become the central issue in an escalating battle over the ability of state gaming regulators to police the activity of prediction market operators. Kalshi and companies like it allow users to place trades and profit from predictions on events such as sports and elections. States argue that firms like Kalshi are operating without required state licenses, in violation of gaming laws, including bans on wagers by those under 21. Those states include New Jersey, which last year sent Kalshi a cease-and-desist letter stating that its listing of sports-related event contracts on its platform violated state gambling laws that prohibit betting on collegiate sports. Kalshi sued the state, arguing its event contracts qualify as "swaps," a type of derivative contract, that under the Commodity Exchange Act can only be regulated by the CFTC, which had granted the company a license to operate a designated contract market (DCM). A lower-court judge had sided with New York-based Kalshi and issued a preliminary injunction, prompting New Jersey to appeal. But a majority of the judges on the 3rd Circuit panel concluded the Commodity Exchange Act likely preempted state law. "Kalshi's sports-related event contracts are swaps traded on a CFTC-licensed DCM, so the CFTC has exclusive jurisdiction," U.S. Circuit Judge David Porter wrote. The ruling was in line with the position advanced in other litigation by the CFTC under President Donald Trump's administration. The regulator last week sued Arizona, Connecticut and Illinois to prevent them from pursuing what it called unlawful efforts to regulate prediction markets.

Read more of this story at Slashdot.

07 Apr 2026 3:30am GMT

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07 Apr 2026 12:48am GMT

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06 Apr 2026 11:23pm GMT

OpenAI is proposing (PDF) sweeping policy changes to help manage the societal disruption caused by advanced AI, including taxes on automated labor, a public wealth fund, and experiments with a four-day workweek. The company said the policy document offered a series of "initial ideas" to address the risk of "jobs and entire industries being disrupted" by the adoption of AI tools. Business Insider reports: Among the core policy suggestions is a public wealth fund, which would see lawmakers and AI companies work together to invest in long-term assets linked to the AI boom, with returns distributed directly to citizens. Another is that the government should encourage and incentivize employers to experiment with four-day workweeks with no loss in pay and offer "benefits bonuses" tied to productivity gains from new AI tools. The policy document also suggests lawmakers modernize the tax system and shift the tax base to corporate income and capital gains, rather than relying on labor income and payroll taxes that could be hit by a wave of AI-powered job losses. It also recommends taxes related to automated labor. OpenAI also called for the accelerated expansion of the US's electricity grid, which is already feeling the strain from a wave of data center construction and energy demand for training ever more powerful AI models.

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06 Apr 2026 11:00pm GMT

The charter renewal gives Kennedy broad authority to pick anyone for the panel.

06 Apr 2026 10:34pm GMT

New model can respond to disruptions and figure out moves it wasn't trained for.

06 Apr 2026 10:18pm GMT

A teardown video of LG's never-released Rollable phone helps explain why rollable phones never became a real product category: they were likely too expensive, fragile, and complicated to manufacture at scale. "The complexity of the internals would have made the Rollable extremely expensive to manufacture, and it would have demanded a high price tag," reports Ars Technica. "Durability is also a big concern. There's just a lot going on inside this phone, with multiple motors, springy arms, tracks, and a screen that has to loop around the back. [...] It seems unlikely the LG Rollable could have survived daily use for multiple years." From the report: The LG Rollable is just one of several rollable concept phones that appeared throughout the early 2020s. Flexible OLED screens had finally become affordable, leading to foldable phones like the Samsung Galaxy Z Fold. Although, "affordable" is relative here. Foldables were and still are very expensive devices. Based on what we can see of the complex inner workings of the LG Rollable, these devices may have commanded even higher prices. Noted YouTube phone destroyer JerryRigEverything managed to snag a working prototype LG Rollable. It may even be the unit LG demoed at CES 2021. The device looks like a regular phone at first glance, but a quick swipe activates the motor, which unfurls additional screen real estate from around the back. This makes the viewable area about 40 percent larger without the added thickness of a foldable. The device expands with the aid of two tiny motors, which are attached via straight teeth to an internal track. The screen assembly has zipper-like teeth that keep it locked into the frame as it moves. The motors make a surprising amount of noise when operating, so LG designed the phone to play a musical chime to hide the sound. While the motor does the heavy lifting, the phone also has a lattice of articulating spring-loaded arms inside that keep the OLED panel even as the frame slides side to side. The battery and motherboard sit in a tray that allows the back of the phone to expand as the OLED rolls into view. This is a prototype phone, featuring a chunky frame and visible screws. That helped Zack Nelson from JerryRigEverything successfully disassemble and reassemble the phone. So this little bit of mobile history was not destroyed, and the teardown gives us a good look at how LG was hoping to attract new customers before calling it quits.

Read more of this story at Slashdot.

06 Apr 2026 10:00pm GMT

Court rules US preempts states from applying gambling laws to prediction markets.

06 Apr 2026 9:56pm GMT

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06 Apr 2026 9:52pm GMT

PacHub gives Arch Linux users a sleek GTK4 app for browsing, installing, and managing packages from official repos and the AUR.

06 Apr 2026 5:34pm GMT

Red Hat has launched RHEL Extended Life Cycle Premium, a stand-alone subscription that extends major-version support to 14 years.

06 Apr 2026 9:19am GMT

PeaZip 11.0 archive manager improves archive browsing speed, updates 7z/p7zip to 26.0, adds batch archive testing, and refines the file manager.

06 Apr 2026 8:29am GMT