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PRESSED FOR SPACE

Will the US government release the alien files?

In the last few weeks, two US presidents have weighed in on the presence of extraterrestrial life — fueling one of America’s longest-held suspicions.

For much of the last century, Americans have imagined that if you came across aliens on Earth, they would ask you to take them to your leader. However, in 2026, it’s more likely that your leaders might take you to them instead.

On Monday, Defense Secretary Pete Hegseth said the Pentagon is “working on” declassifying any alien- and UFO-related files, after President Trump last Thursday announced he would order US agencies to "begin the process of identifying and releasing" government documents associated with “extraterrestrial life.”

Trump’s focus on the issue seems to have been catalyzed by comments made by former President Obama the week before, who said that aliens are “real” in a podcast published February 14. While Obama quickly added during the interview that he hadn’t actually seen them, and later clarified his comments, that hasn’t stopped people online from probing further.

51 Questions

Traders reacted quickly to the news, with tens of millions of dollars traded on prediction markets contracts tied to whether the US will confirm that aliens will exist this year.

As of Wednesday morning, the market-implied probability of the US confirming we have extraterrestrial peers before 2027 sat at about 24%, having peaked at 29% on February 20th.

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Of course, people believing that information on alien intelligence is being withheld by the government is one of the oldest conspiracies in America’s seemingly ever-expanding book.

Following a patchwork of incidents considered suspicious to some — from the Roswell incident in 1947 to the declassification of Area 51 over six decades later — and in light of some good old fashioned statistical reasoning, more than half (56%) of US adults overall reported thinking that aliens probably (38%) or definitely (18%) exist in a YouGov survey conducted last November.

Alien YouGov survey
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Compared with findings from YouGov’s 2022 survey, even as more US adults have leaned away from certainty on alien life, a greater share in 2025 thought they “probably” exist — or at least considerably greater than the cohort who believe that Bigfoot or the Loch Ness Monster exist.

Identifying flying objects

Similar polls from Gallup and Pew Research conducted in recent years indicate that Americans had a significant degree of faith in the possibility of extraterrestrials, even before being presented with concrete evidence.

Now, there’s a chance of seeing proof... though some scientists remain skeptical. Sean Kirkpatrick, a former top UFO investigator for the defense department, told CBS News: "There are going to be unsatisfied people [...] Nothing would have made me happier in that job but to have discovered alien technology and rolled it out. I don't expect to see anything new."

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Prediction markets give slight edge to Netflix in Warner Bros. battle after eventful week

The ongoing bidding war between Paramount and Netflix for the acquisition of Warner Bros. Discovery had some significant news this week that could change the outcome:  

  • Things kicked off Tuesday, when WBD said in a statement it would resume talks with Paramount Skydance to consider its best and final offer after Netflix allowed a seven-day waiver. The WBD board continues to “unanimously recommend” the merger with Netflix, while the streaming service will retain its rights to match or exceed any forthcoming offer from Paramount. The negotiation period ends on February 23.

  • IndieWire reporter Brian Welk talked to a few experts about whether the new developments bring clarity to the ongoing bidding war. One professor said without Paramount offering its “best and final offer,” the company loses credibility, while another professor said it makes Netflix look even more confident. 

  • Lightshed Partners analyst Richard Greenfield said on his podcast that Paramount will have to raise its offer to as high as $36 to $37 per share. (The company has stuck to $30.) In comparison, Netflix’s initial offer is for $27.75 a share to buy the studio and streaming service, while Paramount is bidding to buy the whole company. 

  • Semafor reported Thursday morning that some Democratic senators are “unhappy” with the fact that Paramount Skydance CEO David Ellison refused to attend a hearing two weeks ago, and could launch an investigation into the deal if they retake the Senate.

  • Meanwhile, Reuters reported that Netflix has “ample cash” and could increase its offer for WBD if Paramount beefs up its own offer, according to sources. 

  • Netflix co-CEO Ted Sarandos recently appeared on a recent episode of “The Town with Matthew Belloni” to reiterate that he doesn’t plan on ruining WBD’s theatrical business model and promised to keep the 45-day theatrical window for WBD films, which could appease opposition from theater owners.

  • Variety reported that there’s been a shift among WBD employees who now support Netflix’s acquisition, though there’s still some skepticism among others.

WBD shareholders are still set to vote on the proposed Netflix merger next month, on March 20. Despite the renewed talks with Parmount, as of Friday at 12:45 p.m. ET, prediction markets speculating on who will ultimately come out on top have recently flipped to give the edge back to Netflix, pricing in a 46% chance over Paramount’s 44% odds. 

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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