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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’

Space is full of mysteries which we will never likely solve but, generally, we at least know a thing or two about craft we send out into the cosmos. Not so, when it comes to one probe which has just touched back down on Earth after 276 days in orbit. The experimental spacecraft was launched by China’s space agency, ostensibly to test the nation’s reusable space technologies. According to state media agency Xinhua News, the mission’s aim was to help with the development of “more convenient and affordable round-trip methods for the peaceful use of space in the future”. Sign up for our free Indy100 weekly newsletter That all sounds pretty similar to what SpaceX and NASA are up to, except that the Chinese spacecraft and its journey have been shrouded in secrecy. No information has been released on the altitude it reached or the systems it tested. We don’t even know where it went or, indeed, what kind of spacecraft it was – not a single image has been released to the public. Commentators on Chinese social media have speculated that Beijing has been developing a spacecraft like the UAir Force's X-37B, an autonomous spaceplane that can remain in orbit for years. However, no one knows how well this is going nor, indeed, if it’s going at all. All we do know about China’s latest unidentified flying object is that it was launched from the Jiquan Satellite Launch Center in the Gobi Desert on August 5, 2022 and returned to the same site on 8 May, 2023. It follows an earlier mission, carried out in July last year, which saw a Chinese spacecraft fly to the edge of the Earth’s atmosphere and back on the same day. The country’s main space contractor, China Aerospace Science and Technology Corp (CASC), hailed the success of the craft’s brief celestial jaunt at the time. It gushed: "The development of reusable space transportation technology is an important symbol of China's transition from a 'big' space-faring nation to a 'powerful' space-faring one.” 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.

The US Department of Education has opened a civil rights investigation into Harvard University's policy of giving family members of former students and donors preference...

ERIE, Pa.--(BUSINESS WIRE)--Aug 11, 2023--

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Ever wondered what’s hiding at the bottom of the English Channel? Deep sea divers do – partly because the cold waters and strong tides make it a notoriously difficult place to explore. One relic down there that few people have seen is the remains of an 8,000-year-old civilisation in an area called Doggerland – the landmass that once connected the British Isles to Europe. A National Geographic team led by scientist Albert Lin went down there in 2019 to find the so-called "lost city". The first thing they found were the remains of a tree, which had survived underwater for more than 8,000 years. As the divers went deeper, they came across a wooden structure that Lin thought could be a dock. “It feels like we are sitting in an ancient ghost town, but underwater,” he said. The existence of Doggerland was first confirmed in the late 19th century, but it wasn’t until about 100 years ago that ships started accidentally unearthing items of archaeological importance. In 1931, a trawler hauled up a lump of peat while fishing about 25 miles east of Norfolk. It contained an antler point, which was possibly used as a spear, dating from between 10,000BC and 4,000BC. Back on the surface, Lin described the wooden structure as “a whole platform down there. It's layered, one piece on top of the other, almost like a dock”. He added:” It’s cold down there and murky. But it's incredible. “You know, you descend down this line and out of the darkness comes the ancient past.” The wood survived because it was so deprived of oxygen, according to maritime archaeologist Garry Momber. “It's just preserved in a sort of anaerobic, oxygen-free environment. It would have stayed there for many more thousands of years. “But recently, the old landscape’s eroding away, which is how we found this.” The maritime archaeologist said finding composite structures like this was of 'international significance'. “It's 8,000 years old,” Momber added. “You don't just get these everyday.” 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

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