PREDICTION MARKETS HIT $50B AS FRANCE CRACKS DOWN
Prediction markets Kalshi and Polymarket exceeded $50 billion in total wagers for the first time in June, with $5.69 billion wagered on the FIFA World Cup final alone. France's gambling authority has blocked access to Polymarket, citing risks of significant losses and manipulated trading.
The country's gambling authority ordered ISPs to block access to the prediction market's website.
Lauren McCarthy / New York Times: Kalshi and Polymarket bets on the FIFA World Cup final top $5.69B; Dune Analytics says…
Sudip Kar-Gupta / Reuters: France's National Gambling Authority blocks access to Polymarket's website, citing concerns o…
New York Times: Sources detail Kalshi's and Polymarket's efforts to undermine each other, including lobbying regulators,…
New York Times: Billionaire-backed Building A Better California reserves $87M in TV ad time to oppose California's propo…
Tracey Tully / New York Times: NJ Governor says a software error at DMV led to the improper voter registration of ~6,600…
New York Times: Some Instagram and Facebook users say Meta's AI moderation deleted their accounts; Meta says AI makes 13…
Mark Landler / New York Times: France becomes the first European country to pass a law banning social media access for u…
New York Times: A Florida teenager drops his lawsuit accusing Meta of creating harmful social media features, following…
New York Times: Sources: OpenAI and Anthropic quietly lobby Washington regulators to restrict open-source AI models, eve…