Kalshi, the largest U.S. prediction market, accused a small data startup called Juice Reel of “extortion” after a stock analyst used the company’s transaction-level data to argue that prediction market users lose money faster than gamblers on traditional betting apps — then walked the allegation back hours later. The equity research analyst Jordan Bender at Citizens found that the bottom...
South Africa has ambitions to develop and launch its own communications satellite system, which the Department of Science, Technology, and Innovation says will save taxpayers billions every year.
Sony announced last month that it plans to pass control of its home entertainment division — including the two-decade-old Bravia television brand — to Chinese electronics group TCL through a joint venture in which TCL would hold a 51% stake. The Japanese company was long ago overtaken in sales by South Korea’s Samsung and LG and now holds just 2% of the global television market. Sony stopped...