California: Governor Newsom signs AB 831, closing loophole on online sweepstakes casinos Summary California Governor Gavin Newsom has signed Assembly Bill 831 (AB 831), a law that bans online sweepstakes gambling statewide. The measure — effective 1 January 2026 — targets platforms that mimic real-money casino play by using dual-currency or virtual-coin systems and extends […]
Kalshi valued at $5 billion as it expands to 140 countries, aims to globalise prediction markets Summary Kalshi has raised more than $300 million in a Series D round co-led by Sequoia and Andreessen Horowitz, taking the company’s valuation to $5 billion — over double the $2 billion valuation disclosed in June. The US-based prediction […]
Beyond Smartphones: How Neuralink Could Rewrite the Future of Communication Summary Neuralink’s Link is a coin-sized brain implant with thousands of ultra-thin electrodes that read and transmit neural activity. The device aims to turn thought into digital commands, allowing control of cursors, prosthetics and other devices, and — in the long term — enabling direct […]
Allwyn Unveils Historic Merger with OPAP Summary Allwyn International has announced an all-share merger with Greece’s leading gaming operator OPAP to form a combined group named Allwyn. The transaction values the merged entity at EUR 16 billion and will be headquartered in Switzerland while remaining listed on the Athens Stock Exchange, with plans likely for […]
2024 Gambling Survey for Great Britain published Summary The Gambling Commission has published the second annual Gambling Survey for Great Britain (GSGB), a large-scale study run by NatCen and the University of Glasgow that examines gambling participation, behaviours and consequences. The 2024 report is based on a sample of 19,714 respondents and has been independently […]
Allwyn and OPAP unite in seismic iGaming shift Summary The boards of Allwyn and OPAP have approved an all-share business combination that creates a newly named Allwyn, valuing the combined entity at an approximate €16bn equity value. The pro forma group reported EBITDA of €1.9bn for the 12 months to 30 June 2025. The combined […]
Allwyn and OPAP agree €16bn mega merger Summary Allwyn International and OPAP have approved an all-share business combination that values the combined group at €16bn, creating the world’s second-largest listed lottery and gaming operator. The merged company will remain listed on the Athens Stock Exchange, with Allwyn planning an additional international listing (London or New […]
Kalshi completes $300m funding round amid global expansion Summary Kalshi closed a Series D in August raising more than $300m and is now valued at $5bn. The round was led by Sequoia and Andreessen Horowitz (a16z), with returning and new participation from Paradigm, CapitalG, Coinbase Ventures, General Catalyst and Spark Capital. Simultaneously, Kalshi launched international […]
California Governor Gavin Newsom signs sweepstakes ban Summary Governor Gavin Newsom signed Assembly Bill 831 on 11 October 2025, outlawing sweepstakes-style gambling in California. The law not only targets sweepstakes operators but also extends penalties to suppliers, affiliates and other partners who support the platforms. The bill moved through the state legislature without opposition and […]
Product Positioning and Incentives to Innovate Summary This paper shows that where a firm positions its product in the characteristic (product) space matters for its incentive to invest in cost‑reducing R&D — and that this effect is distinct from firm size, sales or preinnovation profits. Using a three‑firm Hotelling model (one firm at the centre, […]
