Scandal
Kalshi kills liquidity rewards as wash trading claims swirl
Kalshi is ending its volume incentive programme as the CFTC reportedly examines wash trading allegations on the platform.
Reporting & guides
Regulation
Norway plans first legal online poker via Norsk Tipping
Norway has proposed letting state operator Norsk Tipping offer legal online poker for the first time.
Regulation
New Jersey bill would end criminal charges for underage gambling
New Jersey lawmakers want underage casino gambling punished with fines, not a criminal record.
Regulation
Michigan tribal casino payments plunge 71% as exclusivity fight grows
Michigan tribes are withholding casino revenue-share payments from the state, citing broken gambling exclusivity promises.
Business
Flutter & DraftKings hit multi-year lows as Kalshi eyes $40bn
Flutter & DraftKings shares have hit multi-year lows as Kalshi reportedly nears a $40bn fundraise.
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.
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.