Kalshi raises $1B at $40B valuation as non-sports revenue run rate tops $1B
The funding round comes as Kalshi expands its partnerships with the NBA and S&P Dow Jones Indices while facing legal challenges over its sports contracts.…
Consumer spending flattens out after inflation surge
Consumer spending rose sharply in September, but it largely reflected households spending more on gas and transportation after an increase in energy costs.…
NBA joins pro sports leagues on CFTC prediction markets bandwagon while NFL balks
The U.S. derivatives regulator, which has championed the arrival of prediction market firms such as Kalshi, has been gathering allied sports leagues.…
Robinhood sees surge in Bitcoin, Gold prediction markets as traders move beyond sports
The company's head of futures and prediction markets said bitcoin, gold and oil contracts are among its fastestgrowing prediction markets. Source：CoinDesk
Most Americans polled oppose betting on elections: Reuters
The prediction market industry enables people to bet on US elections and sporting events. Source：Cointelegraph
Elon Musk may have just taken a major step toward consolidating his empire
Tesla’s newly unveiled flying sports car, which features SpaceX rocket thrusters, could help Musk push for a merger between his two biggest companies, analysts…
Tesla may finally debut a flying car today, after testing fans’ patience for nearly a decade
Elon Musk is set to reintroduce the Roadster sports car, possibly equipped with SpaceX thrusters. Source：MarketWatch
Famed former Boston Celtics commentator lists sunny Boston penthouse for $1.5 million
A piece of sports history has officially hit the market, with former Boston Celtics commentator Mike Gorman listing his Boston penthouse for $1.495 million.…
Kalshi loses appeal, setting up potential Supreme Court case
The 6th US Circuit Court of Appeals ruled against prediction market Kalshi, siding with Ohio and Tennessee on regulating sportsevent contracts under state…
Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulations
A Sixth Circuit Court of Appeals panel ruled that prediction markets' sportsrelated events contracts are not swaps, and therefore aren't subject to federal…
US lawmakers from gaming states urge SCOTUS to take up Kalshi case
The case between New Jersey authorities and a prediction market company, if accepted by the Supreme Court, could result in clarity for state and federal…
Revolut says customer data exposed through fake government email
Passports, selfies and financial transaction histories of some customers were revealed to a fraudster using a government agency domain. Source：Cointelegraph