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Jack Raines

Legal US presidential prediction markets are imminent

A little more than one month from the 2024 presidential election, it looks like US voters will soon be able to put their money where their mouth is regarding their predictions for this year's winner.

Kalshi's CEO and founder, Tarek Mansour, posted on X that his company had won its lawsuit, opening the door for legal presidential election markets. The ruling lifted the stay the CFTC had requested against Kalshi’s 2024 congressional elections contracts while it appeals a lower court decision.

For context, Kalshi sued the CFTC in November 2023 for blocking election market contracts last year. While Polymarket has thus far been the biggest name in prediction markets, with media outlets from The Wall Street Journal to Bloomberg citing its election odds, Polymarket only operated overseas due to US regulations. With today's ruling, Kalshi is well-positioned to take the lead in the prediction market space.

For context, Kalshi sued the CFTC in November 2023 for blocking election market contracts last year. While Polymarket has thus far been the biggest name in prediction markets, with media outlets from The Wall Street Journal to Bloomberg citing its election odds, Polymarket only operated overseas due to US regulations. With today's ruling, Kalshi is well-positioned to take the lead in the prediction market space.

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Roblox answers Google’s Project Genie, launching the open beta for its “4D” AI creation tool

Roblox on Wednesday launched the open beta of its “4D” AI creation model, less than a week after the launch of Google’s Project Genie, an AI-powered interactive world generator.

The tool allows users to generate interactive objects that can be used in gameplay, such as a drivable car or a flyable plane, as opposed to static 3D objects.

Roblox’s “4D” system relies on rule sets called schemas that create objects out of multiple parts, allowing cars to have a body and movable wheels, for example.

“We expect to soon include schemas that cover the range of thousands of objects in the real world,” the company said.

The move to bring the tool out of early access and into open beta appears to be a response to Google’s Project Genie, which allows users to generate “playable” worlds out of a text or image prompt. Gaming stocks like Roblox, Take-Two, and Unity Software have dropped in the days since Project Genie’s release, though Wall Street analysts largely believe the market reaction to be unjustified, as interactivity through Google’s tool is limited.

Roblox's 4D creation feature is now available in open beta | TechCrunch

Roblox's 4D creation feature is now available in open beta | TechCrunch

Roblox’s “4D” system relies on rule sets called schemas that create objects out of multiple parts, allowing cars to have a body and movable wheels, for example.

“We expect to soon include schemas that cover the range of thousands of objects in the real world,” the company said.

The move to bring the tool out of early access and into open beta appears to be a response to Google’s Project Genie, which allows users to generate “playable” worlds out of a text or image prompt. Gaming stocks like Roblox, Take-Two, and Unity Software have dropped in the days since Project Genie’s release, though Wall Street analysts largely believe the market reaction to be unjustified, as interactivity through Google’s tool is limited.

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