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US appeals court allows state regulation of Kalshi sports contracts

A US appeals court ruled Friday that Kalshi's sports contracts are not swaps subject only to federal Commodity Futures Trading Commission regulation, Reuters reported. The decision allows states to regulate those contracts under gambling laws. The ruling changes the regulatory position of Kalshi's sports contracts by leaving room for state oversight. Its stated scope is sports contracts, rather than every contract traded on the prediction-market platform.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Capital

Redalpine closes €222.53 million fund for European startups

Swiss venture capital firm redalpine announced the final close of its Capital VIII fund at €222.53 million ($250 million), targeting approximately 20 early-stage companies across Europe. New investors include Aviva Investors, Flexstone Partners and KfW.

EU-Startups
Infrastructure Policy
Infrastructure Policy

Thailand imposes noise, heat and water rules on data centers

Thailand has imposed new rules governing noise, heat and water at data centers, Bloomberg reported. The environmental restrictions apply to an industry expanding rapidly as investment in artificial intelligence fuels a boom in data center development.

Bloomberg Technology
Capital Products
Capital Products

Numina raises €1.1 million to expand free accounting platform

Copenhagen-based Numina has raised €1.1 million in pre-Seed funding to support international expansion and further development of its accounting platform, EU-Startups reported. Participants include Nebular, Emblem and Founders A/S.

EU-Startups
AI Capital
AI Capital

GeniosAI raises $19.1 million across seed and Series A rounds

GeniosAI has raised $19.1 million in combined seed and Series A funding, CEO PD Singh told Axios. The company develops AI software for financial analysis and modeling. FactSet led the Series A portion of the financing.

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