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Tech Brew Ride Home

Mon. 10/28 – Betting On The Election

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 28 October 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

As Robinhood rolls out smart contract derivatives around the election, a look at how smart markets have seemed to have their mainstream breakthrough this year. TikTok now has a Fediverse, open-source competitor. AI now has an opensource definition, or something? And Meta opensourced their own AI podcast making tool. Here’s what you missed today in the world of tech. Sponsors: 1Password.com/ride Links: Robinhood jumps into election trading, giving users chance to buy Harris or Trump contracts (CNBC) Billions in election bets raise the stakes of the presidential race (Washington Post) Apple Blocked From Selling iPhone 16 Models in Indonesia (Bloomberg) The fediverse is getting its own TikTok competitor called Loops (TechCrunch) We finally have an ‘official’ definition for open source AI (TechCrunch) Even With Venture Slowdown, Megadeals Grow (CrunchBase) Netflix Adds ‘Moments’ Feature Allowing Users to Easily Share Favorite Scenes (EXCLUSIVE) (Variety) Meta Releases NotebookLlama, An Open-Source Podcast Generator (Techopedia) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Right Home for Monday, October 28th, 2024. I'm Brian McCullough

0:08.3

today as Robin Hood rolls out smart

0:13.7

markets have seemed to have their mainstream breakthrough this year.

0:17.1

Tic-Toc now has a Fediverse open source competitor.

0:20.7

AI now has an open source definition or something, and Meta open source their own

0:25.2

AI podcast making tool.

0:27.2

Here's what you miss today in the world of tech. Robin Hood says U.S. users that meet a certain criteria can now trade a

0:37.3

Kamala Harris or Donald Trump contract via its Robin Hood derivatives unit and

0:42.0

forecast the X quoting C. M. C. M. C. via its Robin Hood Derivatives Unit and Forecaste X, quoting

0:44.4

cambic. Robin Hood jumps into a suddenly crowded politics prediction

0:48.9

markets field that grew this month after platform Calshi won a key ruling against the Commodity Futures

0:55.6

Trading Commission which was seeking to stop the election outcome trading.

0:59.7

The CFTC is appealing the ruling.

1:01.6

Shortly after, interactive brokers launched various political

1:04.6

contracts including on the election. The election markets have generated some controversy

1:09.4

this year with some concern about light volume allowing the markets to be skewed.

1:13.4

International platform, Polymarket said last week that a single French user was responsible

1:17.6

for four accounts spending millions to buy the Trump contract.

1:21.5

But Polymarket said an investigation found the trading was not

1:24.0

manipulating the market end quote. Yes on Polymarket let's quote from the Washington

1:28.6

Post around two billion dollars in cryptocurrency has been wagered on

1:32.3

predicting the next president on

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