Bobby Allen

Bobby Allen, NPR News.

Can you tell yet what they're comprised of?

U.S.

District Judge Sarah Morrison says apps like Kalshi and Polymarket are no different than gambling.

Kalshi argued it should not be regulated like a gambling operation because it's technically a type of futures contract, not a gambling site.

But billions of dollars are spent every week on Kalshi, where people bet on who will win the latest season of Survivor, whether Trump will say Midnight Hammer, and how many times sports announcers will say the word foul.

In her ruling, Morrison wrote, treating this as anything other than gambling is absurd.

Cauchy says it plans to appeal.

Nearly $6 billion was traded in the past week on Cauchy and Polymarket, which is up nearly 2,000 percent from last year.

Bobby Allen, NPR News.

U.S.

District Judge Sarah Morrison says apps like Cauchy and Polymarket are no different than gambling.

Cauchy argued it should not be regulated like a gambling operation because it's technically a type of futures contract, not a gambling site.

But billions of dollars are spent every week on Kalshi, where people bet on who will win the latest season of Survivor, whether Trump will say Midnight Hammer, and how many times sports announcers will say the word foul.

In her ruling, Morrison wrote, treating this as anything other than gambling is absurd.

Kalshi says it plans to appeal.

Nearly $6 billion was traded in the past week on Kalshi and Polymarket, which is up nearly 2,000% from last year.

Bobby Allen, NPR News.

Anthropic filed two lawsuits alleging that Trump officials broke the law by placing the company on a contractor blacklist.

The company says it came after Anthropic said its powerful AI programs could not be used in lethal autonomous weapons nor to spy on American citizens.