Posts From: June 2026

Kalshi reportedly seeks new funding at $40 billion valuation

Kalshi is currently negotiating to raise funds at a valuation estimated at around $40 billion, nearly doubling the amount investors paid for the prediction market operator just last month. According...

Finance News
Axom secures $2.4 million investment

Axom, formerly known as Ibex.ai, has secured a $2.4m funding commitment from existing investor the Capricorn Group to support the next stage of its growth Axom is a predictive intelligence...

Finance News
Tennessee sports betting nears $450 million in May

Tennessee’s sports betting scene saw a notable uptick in May 2026, with bettors placing a total of $443,038,330 in wagers, marking a 0.5% increase from the same month last year....

Finance News
Pennsylvania reports record gambling revenue in May

The Pennsylvania Gaming Control Board has reported that the combined total revenue generated from all forms of gaming including fantasy contests during May 2026 was $625,467,775 or 3.93% above revenue...

Finance News
Sportsbooks report record wagers throughout the Knicks’ NBA finals

The 2026 NBA Finals did massive numbers across the board, Google searches reached new highs, social media clips set records, and Knicks merchandise has been in high demand. In parallel,...

Finance News
Kalshi’s perpetual trading volume exceeds $5.5 billion on debut

Kalshi’s new perpetual futures have made a significant impact, as reported by Bloomberg. Kalshi claims that its perpetual futures offerings achieved over $5.5 billion in trading activity within just a...

Finance News
New Jersey gambling revenue nears $277 million in May

New Jersey’s gaming win for the casinos and their partners was $276.3 million for May 2026, reflecting growth of 11.9% when compared to $246.8 million reported for May 2025. Year-to-date...

Finance News
Danish gambling revenue nears DKK680 million in April

Danes’ gambling spend increased in April 2026 to DKK679.8 million (€90.9 million), compared with the same month last year, according to the latest monthly statistics from the Danish Gambling Authority....

Finance News
DraftKings stock surges on $1.3 billion in prediction market revenue

DraftKings said its predictions platform saw annualized consumer volume rise 24%, while annualized total volume traded surged 34% in May. Shares of DraftKings (DKNG) rallied on Tuesday after the company...

Finance News
FIFA World Cup set to become biggest betting event in U.S. history 

March Madness and the Super Bowl are typically America’s favorite events to bet on, while soccer is often relegated to niche status at U.S. sportsbooks. But with the World Cup...

Finance News