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Illinois is set to institute a new tax on prediction markets next week that would take 15% of gross receipts from sports-related wagers.
Read full articleCrypto prediction markets' rising popularity in sports betting could challenge traditional sportsbooks, but face regulatory scrutiny. The post World Cup prediction markets hit $6M in volume as Canada-Switzerland match captivates crypto bettors appeared first on Crypto Briefing.
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…
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.
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…
The surge in prediction market activity highlights a transformative shift in sports engagement, blending entertainment with financial speculation. The post World Cup 2026 prediction markets explode past $2 billion as Bosnia stuns Qatar 2-0 appeared first on Crypto Briefing.
Senegal's potential World Cup exit highlights the unpredictability of expanded formats and the high stakes in sports prediction markets. The post Senegal faces World Cup elimination against Iraq as prediction markets back the Lions of Teranga 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.
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.
