🧠 Kalshi raises $185M

What we’ll cover today:

• Meta’s major court win (and why authors are fuming)

• Kalshi’s $185M raise and the rise of “regulated gambling”

• Polymarket’s comeback bid (despite global bans)

🧠 Kalshi raises $185M while Polymarket eyes $200M

Kalshi (a regulated U.S. prediction market) just bagged $185M led by Paradigm. Its rival Polymarket, banned in the U.S., might raise even more.

🚨 Breaking News:
Kalshi is now valued at $2B. Meanwhile, Polymarket is trying to raise $200M, even though it’s banned in the U.S. (awkward).

⚡ Wire Simplified:

• Kalshi lets people bet on outcomes like elections and sports, legally, in the U.S.

• Paradigm called prediction markets the next big asset class (like early crypto).

• Polymarket is banned in the U.S. and many countries but still growing fast.

• Founders Fund might back Polymarket for $200M despite regulatory risks.

• Polymarket just partnered with Elon Musk’s X to become its “official” prediction platform.

✔️ Straight to the Point:
Kalshi is legal, Polymarket is edgy, and investors are betting big on both. Regulation or not, the market is heating up.

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📚 Meta wins lawsuit over AI training on books

Meta just won a lawsuit filed by 13 authors (including Sarah Silverman), who claimed Meta illegally trained AI using their books.

🚨 Breaking News:
A judge ruled Meta didn’t break copyright laws. Their AI training on books qualifies as “fair use,” at least for now.

⚡ Wire Simplified:

• The case was dismissed without going to trial. Authors didn’t have strong evidence.

• The judge said Meta’s AI use was “transformative,” not direct copying.

• This isn’t a blanket win. Other cases could go differently with better proof.

• Similar ruling just happened in favor of Anthropic too.

• Lawsuits from Disney, NYT, and others are still ongoing for different types of content.

✔️ Straight to the Point:
Meta’s win shows fair use can cover AI training. But it all depends on the details, and this fight isn’t over.

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