Kalshi sues Illinois over tax targeting prediction market sports bets

·1 views

Prediction market platform Kalshi has filed a lawsuit against the state of Illinois over a new tax levied on sports-related prediction market bets. The legal action marks Illinois as a significant battleground in the broader regulatory dispute surrounding prediction markets. Kalshi argues the tax unfairly targets its platform and business model. The case highlights growing tension between emerging prediction market operators and state gambling regulators across the US.

Read the full story at Ars Technica

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

South Korea plans $1 trillion investment in memory chips and humanoid robots

South Korea has announced a major $1 trillion investment plan targeting leadership in physical AI and semiconductor manufacturing. The initiative includes a significant push toward the development and commercialization of humanoid robots. The country aims to have commercial humanoid robots ready by 2028. The plan also focuses on expanding domestic memory chip production capacity to strengthen its global position in the semiconductor industry.

0 comments Read more at Ars Technica

TechnologyThe Verge ·

T-Mobile to retire legacy 3G and 4G era plans, migrate customers to current options

T-Mobile has begun notifying subscribers that it will discontinue many of its oldest rate plans, some dating back nearly 15 years to the 3G and 4G eras. Affected customers started sharing notification screenshots on Reddit and Threads after receiving texts from the carrier. T-Mobile's Chief Marketing Officer Allan Samson confirmed the move to The Verge, stating that customers will be transitioned to modern plans. The decision comes as T-Mobile looks to phase out legacy infrastructure built well before its 5G network was fully deployed.

0 comments Read more at The Verge

TechnologyThe Verge ·

DCU Loses Momentum as Supergirl Film Struggles After Superman's Strong Debut

Warner Bros. Discovery's DC Universe got off to a promising start with James Gunn's Superman, which featured a surprise appearance by Kara Zor-El. The studio had fast-tracked a standalone Supergirl feature as part of its broader plan to expand the new cinematic universe. Gunn had urged fans to trust his vision of a richly interconnected DC world that would surpass the previous era of DC films. However, the Supergirl movie has failed to meet expectations, receiving a poor critical reception and raising questions about the DCU's early momentum.

0 comments Read more at The Verge

TechnologyTechCrunch ·

Chamath Palihapitiya raises $135M Series A for AI coding startup, becomes CEO

Billionaire investor Chamath Palihapitiya has secured $135 million in a Series A funding round for his artificial intelligence coding startup. Palihapitiya, widely known as a prominent venture capitalist, has also taken on the CEO role at the company. The fundraise reflects continued strong investor appetite for AI-driven coding tools and platforms. The deal underscores the broader trend of high-profile figures transitioning from investing to founding and leading AI ventures.

0 comments Read more at TechCrunch