American gambling company offering sportsbook, daily fantasy sports, and online betting services
The European Commission has launched Scaleup Europe, a public-private growth fund managed by EQT to back EU-based scaleups. ICEYE, a Finnish satellite intelligence company valued above $11 billion, leads the first investment round, with a target of €5 billion to back EU and partner-country firms in deep tech and related sectors.
Washington state has obtained a preliminary injunction against Kalshi, barring most wagers on sports, elections, and related topics. Kalshi must implement geofencing by Sept. 2 and faces penalties if it fails. The case highlights a clash between state regulators and federal oversight over prediction markets, with the CFTC declaring a market emergency amid pressure from New York’s lawsuit.
A wave of court rulings on prediction markets, led by Kalshi, has put federal and state regulators at odds. The Ninth Circuit has ruled Nevada may apply its gaming laws to Kalshi’s sports-event contracts, a decision echoed by other circuits as litigation intensifies. The Supreme Court is likely to weigh in as cases diverge.
Bill Simmons’s disclosure that a proxy bet was placed for him in Massachusetts has sparked scrutiny of online sports betting rules. Regulators are reviewing the practice, and FanDuel has voided the bets and reported the matter. The case highlights how location and account rules shape betting activity.
The White House access for CNN, MSNOW and Politico has been preliminarily revoked due to concerns over professionalism and handling of sensitive information. The outlets may contest the decision in court while the administration argues it is within its authority to regulate access to restricted areas. Background points to a long history of journalist access decisions by administrations.
The Sixers have opened their season with a 106-100 win, led by Tyrese Maxey and new co-stars LeBron James and Jaylen Brown, who join Philadelphia this season. Embiid posts a double-double as the team builds early chemistry, while coach and fans eye how the new roster will gel after offseason moves.