Crypto News·
Kalshi has filed a federal lawsuit challenging a new Illinois law that would require prediction market platforms offering sports event contracts to obtain state licenses before operating. According to a filing submitted Tuesday in the U.S. District Court for the…
Read full articleKalshi's rapid valuation surge highlights potential market volatility and competitive pressures, raising questions about long-term sustainability. The post Kalshi in talks to raise funds at $40B valuation, nearly doubling in two months appeared first on Crypto Briefing.
Kalshi has entered talks to raise fresh capital at a valuation of about $40 billion, an 82% jump from the $22 billion valuation it secured less than two months ago. According to a Financial Times report citing people familiar with…
Illinois is set to institute a new tax on prediction markets next week that would take 15% of gross receipts from sports-related wagers.
Meta's Arena app could reshape the prediction market landscape, potentially impacting existing platforms and signaling tech trends. The post Meta plans AI-powered prediction market app Arena to rival Kalshi and Polymarket appeared first on Crypto Briefing.
The prediction markets company claimed that it would be “irreparably harmed” when an Illinois law signed as part of a budget package goes in effect on July 1.
Kalshi's rapid valuation surge highlights the growing tension between innovative financial platforms and traditional regulatory frameworks. The post Kalshi seeks $40B valuation just one month after $22B funding round appeared first on Crypto Briefing.
Market skepticism about US GDP growth highlights potential economic challenges, including inflation and recession risks, complicating investment strategies. The post Kalshi traders assign 14% odds to US GDP growth above 3% this year appeared first on Crypto Briefing.
The CFTC filed suit against Kentucky on Monday after the state sued prediction-market operators Kalshi and Polymarket for operating without gaming licenses, making Kentucky the ninth state to face federal litigation over who controls event-contract regulation.
