Kalshi seeks funding at $40B valuation, nearly doubling last raise: FT
Kalshi is reportedly in talks to raise new capital at a $40 billion valuation, reflecting growing investor confidence in regulated prediction markets.
The Defiant·
The CFTC sued Kentucky on Tuesday to stop the state from using its own laws and a new transaction fee to push federally registered prediction markets out, widening a multi-state campaign over exclusive federal jurisdiction.
Read full articleKalshi is reportedly in talks to raise new capital at a $40 billion valuation, reflecting growing investor confidence in regulated prediction markets.
Crypto 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.
Illinois is set to institute a new tax on prediction markets next week that would take 15% of gross receipts from sports-related wagers.
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.
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.
Polymarket's fabricated betting wins highlight the urgent need for stricter regulations and transparency in crypto prediction markets. The post Polymarket faces scrutiny as viral betting wins may be fabricated appeared first on Crypto Briefing.
Federal regulation of prediction markets could streamline compliance, attract institutional investment, and shift control from states to the CFTC. The post Polls show US voters favor federal rules for prediction markets over state regulations appeared first on Crypto Briefing.