Crypto News·
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…
Read full articleKalshi 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…
Kalshi'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.
Illinois is set to institute a new tax on prediction markets next week that would take 15% of gross receipts from sports-related wagers.
SambaNova's rapid valuation surge highlights the growing investor confidence in AI hardware, potentially setting new benchmarks in the sector. The post SambaNova plans to raise $1B at $10B valuation, up fivefold from four months ago appeared first on Crypto Briefing.
The shift from crypto to AI investments highlights changing investor priorities, potentially reshaping future tech and financial landscapes. The post Bitcoin hits 20-month low as market sentiment sours and investors chase AI instead appeared first on Crypto Briefing.
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.
Warsh's leadership signals a shift towards less predictable Fed policies, potentially increasing borrowing costs and impacting market stability. The post Kevin Warsh’s Federal Reserve is already reshaping the outlook for consumers and investors 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.
