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Prediction market Kalshi has raised $185 million in its latest funding round, hitting a company valuation of $2 billion at the same time.
“It’s a vote of confidence in what this product and this community can become,” said Kalshi in the announcement of the funding. “More importantly, it’s a sign that prediction markets, and the event contacts that power them, are no longer just a fringe...
On Wednesday, April 19, 2023, the Lotto Texas jackpot had climbed to $73 million. No one won that night, and actually, there hadn’t been a winner for the previous 91 drawings either. So, the money rolled over again. By the time the next drawing came around on Saturday, the jackpot had grown to $95 million.
At the time, there were almost 26 million possible number combinations in Lotto Texas....
The San Francisco Police Department (SFPD) has seized illegal gambling machines, a firearm, suspected narcotics, and other contraband in a drug-related raid.
SFPD officers from the Tenderloin Station and the Drug Market Coordination Center (DMACC) searched a liquor store on San Francisco’s Taylor Street on Tuesday, June 24, seizing a range of items. That included illegal gambling machines, a...
Online sportsbook Bovada is eyeing up the Los Angeles Lakers as the favorites to sign Miami Heat’s Bam Adebayo.
As rumors ramp up about a possible departure from the Heat from Bam Adebayo, Bovada has given the Lakers the best odds for landing the all-star player. A simple Instagram post from the player appears to fan the flames of speculation, with Adebayo taking to Instagram with a cryptic post...
The Gambling Regulatory Authority of Ireland (GRAI) has signed a new partnership with the Gibraltar Regulatory Authority. They did this through a Memorandum of Understanding, which basically sets the stage for the two groups to work more closely together.
Anne Marie Caulfield, who leads GRAI, signed the agreement with Andrew Lynam, the Commissioner in Gibraltar. The deal lays out how they’ll...
The new governor of the Wakayama prefecture in Japan has come forward to put the city up for another bid at building one of Japan’s first casinos. After failing to make a successful bid in 2022, in what was described as a “sloppy” attempt, it is now trying again.
Most forms of gambling in Japan are illegal for citizens, outside of pachislot, pachinko, and horse racing, as well as lotteries. In...
Tribal gaming leaders are calling out Kalshi, the prediction market company, for what they say is a misleading portrayal of its conversations with Native American organizations. According to Victor Rocha, a well-known figure in tribal gaming and the conference chair of the Indian Gaming Association (IGA), the talks, including two separate calls with Kalshi CEO Tarek Mansour, didn’t go well at all...
After being in the news last week for an NFL poker punch-up, JokerStars in Houston, Texas, is back on the radar after a cheating scandal was uncovered. A scheme that involved cards implanted with RFID chips was caught on security cameras.
JokerStars owner Jerry Yen posted to Facebook on June 23 with the identifications of the three men involved, as well as screenshots from the security footage....
Reaching customers across borders used to mean big translation budgets, teams of native-speaking marketers, and a lot of hoping that the messaging didn’t get lost somewhere between “add to cart” and “checkout.” But now? The multilingual AI tools are getting smarter, the content’s getting faster, and your business doesn’t need to speak just one language anymore. Whether you’re selling handmade...
High 5 Casino and a geolocation company, Xpoint, have partnered up to prevent the company from appearing in states it shouldn’t. The operator mainly runs sweepstakes casinos, which are quickly being banned from multiple states.
Xpoint’s technology has already been integrated into multiple other sites like Bet365, with this move following suit with the contemporaries from around the gambling world...