Meta develops moneyless prediction market app Arena to challenge Kalshi and Polymarket

Kalshi is reportedly in talks to raise new capital at a $40 billion valuation, reflecting growing investor confidence in regulated prediction markets.

The avoidance of Senate scrutiny by tech CEOs may delay regulatory actions, impacting future policies on digital child safety and privacy. The post White House helps Meta, Google CEOs avoid Senate grilling on child safety 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…

The rise in crypto-based betting highlights blockchain's growing role in sports, but regulatory challenges could impact its future expansion. The post Polymarket sees $329K in volume as bettors wager crypto on Paraguay vs Australia World Cup clash appeared first on Crypto Briefing.

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.

Qualcomm's partnership with Meta could redefine its market position, potentially challenging established data center chip leaders by 2029. The post Qualcomm secures Meta as first Big Tech customer for data center chips 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.