PayPal has reported $486.4 billion in total payment volume for the second quarter on July 28, up 10% year over year. It …
Betting
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CryptoRank Research compared average and median funding round sizes, revealing how unevenly venture capital is distributed across different crypto sectors. Some segments …
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Regulation
US Lawmakers Propose Facial Age Verification Across Online Betting Markets
by shayaanby shayaanProposal calls age estimation facial recognition Rep. Josh Gottheimer (NJ-5) introduced the bipartisan proposal on Wednesday with eight original cosponsors, seeking federal …
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Regulation
The IRS has yet to determine if betting on World Cup prediction markets is actually gambling
by shayaanby shayaanThe Internal Revenue Service (IRS) still has not said whether Americans trading World Cup contracts on prediction platforms should pay tax as …
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Regulation
Brazilian Police Dismantle Massive Illegal Betting and Crypto Money Laundering Ring
by shayaanby shayaanBrazilian Police Target Cryptocurrency Usage in Illegal Betting Operations Brazil is increasing its oversight over illegal operations involving cryptocurrnecy in its financial …
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Competition among decentralized exchanges is increasingly forcing protocols to rethink the incentives that originally fueled DeFi’s rapid expansion. In fact, Uniswap [$UNI] …
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Kalshi has filed a federal lawsuit challenging a new Illinois law that would require prediction market platforms offering sports event contracts to …
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Scams
Morning Minute: Fomo’s $75M Raise Shows Big VCs Are Still Betting on Consumer Crypto
by shayaanby shayaanMorning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect …
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Kentucky Attorney General Sues Polymarket And Kalshi Over Sports Betting Claims TL;DR Kentucky Attorney General Russell Coleman has escalated the state’s fight …
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Markets
A massive hiring wave reveals trading firms are no longer viewing Polymarket as a niche betting tool
by shayaanby shayaanWhile rising volume on Polymarket and Kalshi is attracting quantitative firms to prediction markets, they aren’t focusing on event outcomes; rather, they’re …