51m ago
Macquarie: World Cup 2026 Betting Could Exceed $50B as Prediction Markets Expand
Macquarie projects global wagering on the 2026 World Cup could surpass $50 billion, up from $35 billion in 2022, as the tournament expands to 48 teams and 104 matches. The event began June 11 in Mexico City and is the first World Cup to feature regulated U.S. prediction markets such as Kalshi and Polymarket alongside sportsbooks. Crypto sportsbooks including Stake, Betfury, and 1win are also running World Cup promotions worth millions in rewards.
51m ago
3h ago
Japan Crypto Tax Bill and SBI ETF Filings Put XRP ETF Listing in Focus
Japan's Lower House approved a crypto tax proposal to cut the top rate on digital-asset gains from about 55% to a flat 20% and to treat crypto as a financial instrument, with tax changes targeted for 2028 and possible ETF approvals as early as 2027. XRP traded around $1.14 after repeated tests of the $1.15 resistance zone, while traders watched $1.10 support and a potential move toward $1.20 if a daily close clears $1.15. Separately, SBI Holdings has applied to Japan's FSA for ETF products that include a spot Bitcoin-XRP structure and a hybrid Digital Gold-Crypto ETF, targeting up to $32 billion in AUM within three years.
3h ago
3h ago
AI Rollups Hit Public Markets as $7.4B and $6.3B Take-Private Deals Emerge
On June 12, 2026, venture investors' "AI rollup" strategy was highlighted as it moved from mostly private acquisitions into two major public-to-private transactions. Trian Fund Management and General Catalyst agreed to take Janus Henderson private for about $7.4B, while Long Lake Management agreed in May 2026 to acquire American Express Global Business Travel for about $6.3B, offering shareholders $9.50 per share. The Amex GBT proposal included a 60.2% premium to the May 1 closing price, underscoring how aggressively buyers are pricing these AI-focused rebuild plans.
3h ago