TLDR Kalshi is seeking a $20 billion valuation, up from $2 billion in June 2025 Women now make up 26% of users, up from 13% ten months ago The platform is expanding beyond sports into politics, economics, and pop culture Sports still account for roughly 65% of trading volume in 2026 Regulators and Congress are pushing back on certain Kalshi markets Kalshi, a U.S.-based prediction market platform, is in talks to raise funds at a valuation of around $20 billion. That figure is a major jump from the $2 billion valuation it held in June 2025 and the $11 billion…
Author: Maisie Morrison
TLDR President Lula called for a ban on online betting during an International Women’s Day address Industry leaders called the comments “disrespectful” and warned of a black market surge Lula’s own government regulated online betting in December 2023, launching January 2025 Legal experts say a ban would require new legislation and broad political support The Women in Gaming association criticized both the timing and substance of the remarks Brazil’s President Luiz Inácio Lula da Silva has sparked a backlash from the licensed gambling industry after calling for a nationwide ban on online betting. Lula made the comments during a televised…
TLDR Jalen Smith pleaded guilty to recruiting college players to shave points, paying them $10,000–$30,000 per game The scheme covered 39+ players across 17 NCAA teams and affected over 29 games between 2022 and 2025 Fixers targeted low-NIL players and often focused on first-half spreads to avoid affecting final scores The operation started in the Chinese Basketball Association before moving to NCAA basketball Five co-conspirators have been named, with links to a separate NBA illegal gambling investigation Jalen Smith pleaded guilty in federal court on March 9 to his role as a fixer in one of the largest point-shaving schemes…
TLDR The Dutch Gaming Authority (KSA) fined Novatech €24,846,000 and Fortaprime SRL €1,795,000 for running unlicensed gambling sites targeting Dutch players Both operators failed to block Dutch traffic, ignored age verification rules, and allowed crypto payments Dutch law caps fines at 10% of global turnover, limiting what regulators could actually charge KSA chair Michel Groothuizen said the fine should have exceeded €100 million without the legal cap The KSA is now targeting payment providers, web hosts, and social media influencers who promoted these illegal sites The Dutch Gaming Authority (KSA) has handed out its largest fines ever against two unlicensed…