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Kalshi isn’t having a very good week. On Tuesday, the attorney general of Arizona filed a 20-count criminal complaint against the online prediction market, accusing it of running an illegal gambling business. Now, another southwestern state has taken a big swing at the company: A judge in Nevada has temporarily banned the service from operating…
Prediction platform Polymarket has been on a partnership spree — a trend that continued this week, with a new deal involving Major League Baseball. MLB announced Thursday that Polymarket would be its official prediction market partner, a designation that will allow the site to gain exclusive access to official league data, as well as to…
Arizona attorney general Kris Mayes has filed criminal charges against prediction market platform Kalshi for allegedly operating an illegal gambling business in the state without a license and for election wagering. The 20-count complaint, filed in Maricopa County court on Tuesday, accuses the company of engaging in unlicensed gambling activities, claiming that the site “accepted…
Prediction market Kalshi is making it easier for its users to have conversations on Meta’s social network Threads. Kalshi now offers a share option that will automatically embed the relevant prediction market chart into a Threads post. Whether people want to discuss who’s going to win Best Picture or which reality TV contestant is going…
X Chat’s standalone app isn’t the only new service X is testing this week. The company has also begun offering select users invites to its X Money payments service, which was previously being tested internally among X employees. These invites, however, were not doled out in the typical way. Instead, X owner Elon Musk worked…
PayPay, Japan’s leading mobile payment app, has reportedly postponed its U.S. IPO due to market volatility and recent conflict in the Middle East. The company was planning to release its IPO price range on Monday, March 2. PayPay aimed for a valuation of at least ¥1.5 trillion ($10 billion), Bloomberg reported. PayPay was founded in…
Stripe on Monday released a preview of a new feature that could help AI startups (and other companies) solve the problem of passing through the underlying costs of AI model usage to their customers. Stripe’s feature, however, goes even further than just passing through the costs of the tokens. It allows startups to charge a…
Prediction market users have made — and profited from — big bets around the bombing of Iran by the U.S. and Israeli military. On Polymarket, $529 million was traded on contracts tied to the timing of the attack, according to Bloomberg. An analysis by analytics firm Bubblemaps SA found that six newly-created accounts made a…
OpenAI has fired an employee over the employee’s activity on prediction markets, including Polymarket, the company confirmed to Wired. The employee used confidential OpenAI information in connection with the trades made, the company alleges. OpenAI didn’t release the name of the employee. However, a spokesperson said that such actions violated a company policy that bans…
Plaid, a company that connects financial applications to users’ bank accounts, enabling payments and data verification, has allowed employees to sell some of their shares at an $8 billion valuation, the company confirmed to TechCrunch on Thursday. The valuation represents a 31% increase from the $6.1 billion valuation the 13-year-old company achieved in April of…