Business
Kalshi valuation up 20x in a year to $40bn
Kalshi is in advanced talks to raise $1bn at a $40bn valuation, according to Reuters.
Reporting & guides
Regulation
Pennsylvania AG threatens seizure as skill-games deadline nears
Pennsylvania businesses must remove an estimated 70,000 skill games by 14 October or face police action.
Regulation
Betting ban puts $220m club sponsorship money at risk in Brazil
Brazil's government is suing 17 betting operators for $193m as top football clubs boycott ban talks.
Markets
Raven’s valuation jumps nearly 4x to $90m on new funding round
Raven, a liquidity provider for Kalshi & Polymarket, has raised funding at a $90m valuation backed by Coinbase Ventures & CMCC Global.
Scandal
Kalshi AI ad accused of cloning YouTuber, changing his race
YouTuber Elliot Choy says Kalshi's AI ad copied his video & turned him white.
Scandal
Dealer rigged dice calls to turn losing rolls into $132k wins
A Harrah's Cherokee Valley River dealer has agreed to plead guilty over a $132,000 craps cheating scheme run with a player.
Business
Comer widens prediction-market insider-trading probe to 5 firms
House committee chairman James Comer has widened his prediction market insider-trading probe to include Hyperliquid, Crypto.com & PredictIt operator Aristotle Exchange.
Business
Flutter faces $70m revenue hit from Brazil betting ban
Flutter & Entain have revised their 2026 guidance after Brazil's online gambling ban.
Business
Arkansas casino’s leadership shake-up lands Seneca exec top job
Saracen Casino Resort names Rod Centers CEO days after firing its GM & CMO over an alleged side business.
Markets
Bernstein: prediction markets hit $410bn in 2026, $10tn by 2035
Bernstein forecasts prediction market volume will grow to $10tn by 2035, with crypto gaining share.