It's a way to fraudulently pump the price (or lower the price) of a security. One person with two accounts can keep trading back and forth with themselves, and since crypto exchange know-your-customer measures are trivial or nonexistent, it's very easy to get away with.
It is a huge premium. In reality it should only be the future value of the current spot, given the current interest rate. For other types of futures (oil, grains) that have storage costs or seasonality there are other factors that affect the difference between the spot and future price, but for financial futures (especially cash-settled) it should be nearly no difference for a one-month expiry.
Local tv channels have the broadcast rights for the home team area - like SNY in New York has the rights for the Mets. Their contracts specify that they have exclusive rights to the broadcast for their coverage area, so internet coverage must be blacked out.
The problem isn't locking so much, it's that you have to dispatch to a kernel thread when you're requesting and sending data, paying the cost of that context switch every time. In userspace you can spin a polling thread on its own core and DMA data up and down to the hardware all day long without yielding your thread to another one.