Kalshi sues Illinois over new tax on prediction market sports bets
Illinois now a key battleground in fight over prediction market sports bets.
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Polymarket's viral videos showed people winning big, but the bets were fake
"Winning" bets were made on cloned website and would have lost money, WSJ finds.
Kalshi doubles valuation in 5 months, hitting $22B
Prediction market startup Kalshi has raised a $1 billion Series F round led by Coatue.