After spreading across the globe, Netflix has figured out a formula for making real money. There are lessons for the rest of tech.

Online gamblers bet hundreds of thousands of dollars on whether the submarine that went missing on a recent expedition to the Titanic, in what online critics called a “dystopian” use of digital finance. Since Wednesday, people wagered at least $300,000 on the fate of the vehicle using the crypto platform Polymarket, Mother Jones reports. On the site, betters buy and sell shares on the outcomes of events using cryptocurrency, and can redeem their shares for $1 each if their guesses are correct. Follow the latest updates on the missing Titanic submarine here “For the purposes of this market, the vessel need not have been rescued or physically recovered to be considered ‘found,’” reads the description page for the submarine bets. “If pieces are located, but not the cabin which contains the vessel’s passengers, that will not suffice for this market to resolve to ‘Yes.’” One user, asking only to be identified by his first name, Rich, told Mother Jones he made around $3,250 betting. He argued what he was doing was morally defensible because unlike the regular stock market, it had no impact on the fate of the entity being wagered upon. “My answer would be that markets are fundamentally immoral. There’s no ethical consumption under capitalism,” Rich said. Others weren’t so sure. Social media users racked up thousands of likes criticising such gamblers. “Actually insane,” one commenter wrote. “Imagine making money off of if someone is gonna die or not.” Polymarket defended its offerings on the submarine, arguing that it was a neutral way of calculating the likelihood of a rescue. “If the families were privy to Polymarket, they could use the market as a way to obtain the real-time, unbiased probability of the submarine being recovered,” the company said in an email to Gizmodo. “That is a far more valuable service to them than sensationalist media coverage: with our markets at least they understand the true probabilities.” Bookmakers take bets on nearly everything, from sports to sex tapes, but the industry does have some lines regarding poor taste. According to Betting Gods, a gambling industry tip site, most major bookmakers refused to take bets regarding the death of Queen Elizabeth. “Major bookmakers won’t bet on the Queen dying as it would offend most of its regular customers. Whether they all agree with Britain having a royal family or not, most people would prefer to bet on a variety of other things such as sports,” the site wrote in an article. “When asked the question of why bookmakers won’t bet on what age the queen will die, the spokespeople of all the major bookmakers were unanimous in saying that it was important that people understand where the parameters of bad taste bets can’t be crossed.” Read More US launches prosecutions of Chinese companies on charges of trafficking fentanyl ingredients Titanic sub latest - Coast Guard makes stunning admission about ‘explosion’ when submersible lost contact OceanGate CEO said he was ‘personally insulted’ by ‘baseless cries’ about Titanic sub’s deadly safety flaws Federal court halts ‘suppressive’ Florida drag ban Florida's law targeting drag shows is on hold under federal judge's order Recovery could cost millions as Coast Guard stunningly admits submersible ‘explosion’

Almost a year after US President Joe Biden signed the Inflation Reduction Act into law, American consumers are

IRVINE, Calif.--(BUSINESS WIRE)--May 23, 2023--

Microsoft has added widgets to Windows 11 that let gamers check how their CPU, GPU

Amazon has officially sold half a billion Alexa-enabled devices globally, and it's celebrating the only

AUSTIN, Texas--(BUSINESS WIRE)--Sep 21, 2023--

He's a big Manchester United fan, but iShowSpeed had no idea who a group of Newcastle United footballers were after they 'butchered' him during a late night Fortnite session. Three players took down iShowSpeed during his latest gaming stream, but despite being notable Premier League stars the content creator had no clue who he was up against. "Who the f*** is Harvey Barnes, bro?" iShowSpeed shouted after meeting a sticky end in the game. Harvey Barnes, as football fans know, is a talented winger on the fringes of the England squad who moved to Newcastle from Leicester in the summer. Viewers weren’t 100 per cent sure whether it was the real Harvey Barnes who had taken iShowSpeed down at first. However, he was joined by players with the aliases Anthony Gordon and Paul Dummett, who also play for Newcastle, which seemed to confirm things. "I’m creased some Fortnite pro players and Speed got butchered by Harvey Barnes, Paul Dummett and Anthony Gordon at 1am,” one social media user posted after seeing the incident unfolded. Another said: “Never thought i’d hear speed and xqc talking about harvey barnes lmfao.” One more added: “Speed getting his ass handed to him on Fortnite by Harvey Barnes is hilarious.” “A crossover we never knew we needed…” another wrote. It comes a few days after iShowSpeed attracted controversy after attempting a dangerous “coke and condom challenge” on his live stream. Sign up for our free Indy100 weekly newsletter How to join the indy100's free WhatsApp channel Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings

Laptops are fine for mobility, but there's still nothing like the power of a reliable

LE BOURGET, France--(BUSINESS WIRE)--Jun 19, 2023--

When it comes to business, working from home, and working on the go, a good

The Nobel Prize in Physics has been awarded to three scientists for discovering a way to study the world at a level previously thought impossible. The Nobel Assembly announced that Pierre Agostini, Ferenc Krausz and Anne L’Huillier would receive the 2023 prize “for experimental methods that generate attosecond pulses of light for the study of electron dynamics in matter”. “The laureates’ contributions have enabled the investigation of processes that are so rapid they were previously impossible to follow,” the committee announced during a ceremony in Stockholm on Tuesday. Applications for the research include molecular fingerprinting applied to biological samples like blood plasma. By observing minute changes with this technique, it is hoped that in the future it will be possible to detect cancers at a very early stage. The award comes a day after the Nobel Assembly awarded Katalin Karikó and Drew Weissman the Nobel Prize in Physiology or Medicine “for their discoveries concerning nucleoside base modifications that enabled the development of effective mRNA vaccines against Covid-19.” The awards for chemistry, literature, peace and economics are set to be announced between Wednesday, 4 October, and Monday, 9 October. More to follow Read More Solar airship targets first non-stop round-the-world flight without fossil fuels Zuckerberg says Metaverse can bring back the dead – virtually Apple blames Instagram for overheating iPhones