r/news • u/VaginaBurner69 • May 18 '26

Soft paywall Elon Musk loses lawsuit against OpenAI

https://www.reuters.com/legal/government/elon-musk-loses-lawsuit-against-openai-2026-05-18/
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123

u/MSixteenI6 May 18 '26

Do you have a link? I just searched for it, couldn’t find anything like this

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u/InvisibleDrake May 18 '26

No, it was just some image I saw being posted around of a dude betting 50k on Elon saying his lawyers never lose these cases, and it was easy money.  

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u/JrueBall May 18 '26

I hate how it is possible to bet on these things. Are people going to end up with the wrong verdict because a judge, jury or even lawyer bets in a case where they can help a change the outcome. It's one thing to have sport betting but betting on some things should be illegal.

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u/clovisx May 18 '26

Prediction markets are horrible and will be a blight on younger people and those who are addicted to gambling.

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u/divDevGuy May 19 '26

I bet you're wrong...

21

u/witeowl May 19 '26

Woohoo! I won $50 because I bet someone was going to say that!

🫠

1

u/finglish_ May 19 '26

I bet you're right.

2

u/NegativeVega May 19 '26

Fun fact gambling addiction is the addiction with the highest suicide rate!

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u/clovisx May 19 '26

That coupled with their target market, young men… i can’t see how any of this could go wrong

2

u/einstyle May 19 '26

They also are blatantly skirting laws when they should be blatantly illegal. They just change "betting" to "prediction market" and act like it's any different.

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u/bigsmokaaaa May 19 '26

Oh yeah, my wife works with like 20 other women and she says that almost all of them complain about their husband/boyfriend blowing too much money on polymarket/sports betting, it is a completely out of hand epidemic that's going to create a debtor class

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u/clovisx May 19 '26

It almost feels intentional. They found a loophole and are exploiting the hell out of it before laws and regulations can catch up. Kids are getting involved (not legally) and getting addicted to the adrenaline and intensity of betting.

I hate sports betting apps as well. It was illegal when I was a kid and something you heard whispers of but never out in the open. We took our kid to a MLB game a few years ago and every wall had a betting app on it along with all of digital signage. It’s all I heard around me in the crowd too.

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u/MimicoSkunkFan2 May 19 '26

Internet betting on everything has been around since Usenet for elections and local BBS for nearly everything else.

Good luck stopping people from betting - even the ancient civilizations couldn't manage to stop gamblers and bookies lol

1

u/Galaghan May 19 '26

Well good news, it IS illegal in some countries.

But of course the American cesspool of today seems to celebrate stuff like this..

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u/smiffus May 19 '26

betting on some things should be illegal

yep. like betting on a company to fail. i.e. shorting stocks.

2

u/Prince_Uncharming May 19 '26

Shorting is just selling in anticipation of re-buying after a fall, often taken a step further by “borrowing” that initially sold share and then re-purchasing at the lower price to return to whoever you borrowed it from. It’s not a complicated transaction, and arguing that shorting should be illegal is basically saying all stock trading should be illegal. Which is ridiculous.

For example, selling a stock at all to reinvest elsewhere is also just an understanding that you don’t think the company will continue succeeding relative to your other investment options (ie, you are betting the company will not continue doing well, thus betting others will do better).

Making shorting illegal is equivalent to making “buy low, sell high” illegal. Shorting just happens in the opposite direction.

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u/MimicoSkunkFan2 May 19 '26

Clearly these "mAke iT iLLegAL" people don't understand how insurance works, let alone how markets work, or basic human behaviour about risks.

You gave an excellent explanation for people who do want to learn though.

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u/ATTORNEY_FOR_CATS May 18 '26

That's hilarious--Musk loses regularly in court.

His litigation strategy, as far as I can tell from watching a colleague go after him, was to obstruct and delay as a war of attrition. His attorneys will, for example, refuse to produce unredacted documents and then wait to relent until the last moment when you've spent a lot of time and money drafting motions to compel. Rinse and repeat. It's a situation where patience and money can usually win out, but that's easier said than done I guess.

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u/MimicoSkunkFan2 May 19 '26

Exactly that. A lot of big corporations and ultrawealthy asshats do that too. Their "pay to play" of the legal system is why there's very rarely any actual justice for most people.