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Crypto
Kalshi annualised revenue tops $2 billion, IPO talks begin
Kalshi’s annualised revenue has surpassed $2 billion, The Information reported on June 18, about triple the level in November. The report attributed the growth to a surge in betting volume tied to the NBA and the World Cup. Kalshi management has begun informal talks with investment banks with an initial public offering in mind, the report said, and has set platform integration as a condition for advisory work.
Crypto
Kalshi tightens blocks on underage trading, rejects calls to raise minimum age to 21
Prediction market platform Kalshi has introduced new measures to block underage trading, including requiring facial recognition at app launch and asking some users to submit selfies, Axios reported. Kalshi Chief Executive Tarek Mansour said underage trading is already banned but additional steps are being implemented. The move comes amid growing concern about youth gambling. Mansour opposes raising the minimum trading age to 21, keeping it at 18.
Crypto
Kalshi outpaces rivals as sports boom drives 42-fold growth in a year
Prediction market platform Kalshi has posted a record-high trading volume, riding explosive growth in sports markets and diverging from rival Polymarket. Over the past week, Kalshi processed $3.4 billion in volume, up 42-fold from a year earlier. Sports accounted for $3.0 billion, or 88 percent, led by NBA playoffs markets. Polymarket’s weekly volume was smaller but more balanced, with strength in politics and crypto.
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AI & Enterprise
Flipboard unveils \'social website\' for publishers and creators to bring open social web conversations into one place
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Telecommunications & Media
Peacock expands into AI video, mobile sports and games
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Telecommunications & Media
Park Ji-hoon\'s \'King and the Man Living with the King\' box-office surge; ILLIT copy row revisited