The Washington attorney general became the latest state authority to sue Kalshi, alleging on Friday that the prediction markets operator violated state regulations. Kalshi is facing another state-level lawsuit after the state of Washington on Friday filed allegations that the prediction market operator violated state gambling laws with its products. The Washington Attorney General’s complaint cites the Pacific Northwest state’s existing ban on online gambling and otherwise strict oversight of the gaming market, in claiming Kalshi violated the Washington Consumer Protection Act, Gambling Act, and Recovery of Money Lost at Gambling Act. "Kalshi’s website and app show consumers a range of events that they can bet on and the odds for those various events, which dictate how much the bettor will be paid out if the event occurs," an announcement from Attorney General Nick Brown said. "This is exactly how sportsbooks and other gambling operations function. Kalshi advertises that they allow consumers to 'bet on anythi...
The closed-end Fundrise Innovation Fund holds stakes in private technology companies including Anthropic, Databricks and SpaceX, and came public earlier this month. Tokenized equities framework xStocks has teamed with alternative investment platform Fundrise to bring onchain the newly public Fundrise Innovation Fund, expanding late-stage private market companies exposure. The single tokenized asset VCXx is expected to go live on the xStocks platform in the coming days, according to a Friday announcement. The move to bring Fundrise onchain comes just days after the closed-end fund began trading on the New York Stock Exchange with its portfolio that includes private shares of tech companies including Anthropic, Databricks and SpaceX. Early days trading saw the stock surge from its March 19 $31 debut price to as high as $575 per share. Read more
Google and lenders move to finance a $5 billion Texas data center for Anthropic as a US judge blocks a federal push to restrict the AI firm’s use. Google is preparing to support a multibillion-dollar data center project in Texas leased to Anthropic as competition for AI infrastructure accelerates. The project, operated by Nexus Data Centers, could exceed $5 billion in its initial phase, with Google expected to provide construction loans, Financial Times reported on Friday, citing people familiar with the matter. A consortium of banks is also competing to arrange financing by mid-year, per the report. According to the report, Anthropic recently signed a lease for the 2,800-acre campus, which forms part of its broader infrastructure tie-up with Google. Construction is already underway, supported by early-stage debt financing from Eagle Point, a publicly traded closed-end investment company. Read more
Arbitrage opportunities in prediction markets often exist for seconds, giving AI-driven systems a structural advantage over humans. Prediction markets aggregate human judgment in theory, but some of their consistent trading opportunities may end up captured by systems that move faster than any person can. Arbitrage opportunities can show up as brief mispricings, from outcomes that temporarily fail to sum up to 100%, to short delays in how quickly markets react to new information. Rodrigo Coelho, CEO of Edge & Node, said bots are already scanning hundreds of markets per second, a role that increasingly overlaps with more advanced AI-driven agents. Read more