


Data center operator Switch announced the official launch of a $2 billion private financing round, led by a16z. According to insiders, Switch's post-financing enterprise valuation (including debt) may approach $50 billion, with an equity value of approximately $19 billion (excluding new investments)...
According to Bloomberg, the U.S. Court of Appeals ruled that the enforcement lawsuits by Nevada and Washington against the prediction market platforms Kalshi and Polymarket can continue in state court, and rejected the companies' request to pause the related cases during the appeal.The court stated ...
The U.S. Court of Appeals for the Ninth Circuit heard oral arguments from lawyers representing the prediction market platform Kalshi and Nevada authorities regarding Nevada's ban on the platform's event contracts. This appeal stems from a lower court ruling that prohibited Kalshi from offering certa...
A judge in Nevada, USA, ruled that the sports prediction market products offered by Kalshi are "substantially indistinguishable" from gambling activities and decided to extend a previously issued temporary ban while also approving a preliminary injunction requested by the state gambling regulatory a...
Key Takeaways: CFTC Chair Michael Selig highlights the pressing need for firm policies on prediction markets to avert…
Key Takeaways: NFL pressures Kalshi and Polymarket to avoid manipulated event contracts, gaining leverage from CFTC deference. The…