Prediction markets meet OSINT: risks

This week, Scott sat down with his Lawfare colleagues Molly Roberts, Tyler McBrien, and Renée DiResta to talk through the week’s big national security news stories, including:

• “The Meta-verse of Madness.” On Tuesday, a New Mexico jury reached a $375 million verdict against Meta after a seven-week trial that focused on whether the social media company knowingly harmed children’s mental health and facilitated child sexual exploitation through its algorithms. And just before recording, another verdict came down in a jury trial in California about whether Facebook and YouTube are too addictive in a way that harms an individual plaintiff in that case. Several other similar civil cases are set to go to trial in the coming months. What do we make of these verdicts, and do they signal a turning tide against social media companies for the algorithms that make them both profitable and (potentially) addictive?
• “SAVE-ing Face.” President Trump and Republican congressional leaders went back and forth this week over a deal that would put forward a bill to fund the Department of Homeland Security, or at least less controversial parts of it, despite Trump’s threats not to sign any pieces of legislation until Congress passes his SAVE America Act. Trump views the SAVE America Act as vindication for his criticisms of the 2020 Election, but Republicans in the Senate have hedged and resisted his calls to blow up the filibuster in order to pass it. Instead, they now appear to have a deal in place that will allow less controversial parts of the funding for DHS to go forward—and for the funding for the most controversial parts, particularly ICE and removal operations, to go forward through reconciliation on what is likely to be a party line vote, along with select chunks of that SAVE America Act. Why is Trump so determined to pass the SAVE America Act? And what does the compromise he now appears to have reached with Senate Republicans mean for its future?
• “Poly Wants a Crack-up.” Flight monitors, pizza place trackers, and Google Earth—the past few years have brought open source intelligence, better known as “OSINT,” into vogue. Accounts on X have racked up millions of followers by “monitoring the situation” for news events spanning from Russia’s invasion of Ukraine to natural disasters. But this explosion of OSINT accounts has brought a wave of disinformation, and coincides with the growth of online prediction markets, such as Polymarket and Kalshi, whose bettors use OSINT to gain an advantage — and, at times, to manipulate the results. How has OSINT contributed to the online media landscape? And how has it hurt it?

In object lessons, Tyler engages in some classic log-rolling with a recommendation of the new podcast, “Who Blew Up the Guidestones?” Molly digs even deeper into her collection of curiosities to find her vintage “Nuke ‘Em ’Til They Glow” hat. Scott expertly sidesteps sports gambling issues by distracting us with delicious baked good from Seylou. And Renée survives a demanding travel schedule by drinking a brandy Old Fashioned and brushing up on her knowledge of K-pop.

To receive ad-free podcasts, become a Lawfare Material Supporter at www.patreon.com/lawfare. You can also support Lawfare by making a one-time donation at https://givebutter.com/lawfare-institute.

Hosted on Acast. See acast.com/privacy for more information.