Kalshi Raises $1B at $22B Valuation Despite Arizona Criminal Charges
Kalshi doubles valuation to $22B in Coatue-led round despite Arizona's first-ever criminal charges against a prediction market.
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Aevan Lark
Aevan Lark is a gambling industry veteran with over 7 years of experience working behind the scenes at leading crypto casinos — from VIP management to risk analysis and customer operations. His insider perspective spans online gambling, sports betting, provably fair gaming, and prediction markets. On Dyutam, Aevan creates in-depth guides, builds verification tools, and delivers honest, data-driven reviews to help players understand the odds, verify fairness, and gamble responsibly.
235 Articles
The Fortress That Traps Its Own: How Germany Built a Half-Billion-Dollar Black Market by Trying to Protect Its Players
Germany's own regulator reveals a €547M black market created by the very rules designed to protect players.
Arizona Just Showed Every AG How to Take Down Kalshi
Arizona files first-ever criminal charges against Kalshi after undercover sting, creating a prosecution blueprint other state AGs can…
Argentina’s Casino Lobby Got Polymarket Banned. The Inflation Leak Was Just the Pretext.
Argentina banned Polymarket after LOTBA and the casino lobby filed a complaint. The inflation data leak was the…
The Credit Line Is the Crime Scene: Inside the MGM Grand Drugging Allegations That Expose Casino Lending’s Darkest Vulnerability
MGM Grand faces jury trial after judge finds evidence patron was drugged with ketamine while casino tripled his…
Polymarket’s 5-Minute Bitcoin Bets Are Doing $60M a Day — And Bots Are Eating Retail Alive
Polymarket's 5-minute Bitcoin markets do $60M daily. Bots earn rebates from retail fees. The EU banned the identical…
Your Caesars Rewards Points, Your Sportsbook, Your Bets: What the $31.5 Billion Fertitta Deal Actually Means for You
Fertitta's $31.5 billion Caesars deal puts 60M+ Rewards accounts, the sportsbook, and your bets under new ownership.
Washington’s College Betting Bill Validates the Prediction Market Pressure Thesis
Washington passes SB 6137 as tribes cite Kalshi by name. Prediction markets are forcing holdout states to legalize…
DraftKings Down 57%, Flutter Cratering 68%: Inside the ‘Perfect Storm’ Reshaping Sports Betting
DraftKings and Flutter lost $50 billion combined as taxes, prediction markets, and slowing growth reshape U.S. sports betting.
Kalshi’s Circuit Split Problem: Ohio Says Gambling, Tennessee Says Swaps, and the Sixth Circuit Will Decide
Ohio and Tennessee federal judges split on whether Kalshi's sports contracts are swaps or gambling. The Sixth Circuit…
California’s Blackjack Ban Rewrites the Rules for Cardrooms
AG Bonta's blackjack ban takes effect April 1. Two lawsuits, $464M in revenue, and 10,000+ jobs hang in…
Kalshi Goes Global: Why Brazil Is the First Stop in Prediction Markets’ International Land Grab
Kalshi partners with XP Inc. for the first international expansion by a CFTC-regulated prediction market exchange.