LIV Golf is better known for its financial banking than for its product, but now is asking investors for a chance to flip the script.
Driving the news: Axios has learned that the league, which recently lost the support of Saudi Arabia's Public Investment Fund, will seek to raise up to $250 million from new investors.
Kalshi is joining the National Council on Problem Gambling, becoming the first prediction market to do so.
Why it matters: The move is an acknowledgment that certain users may be engaging in troubling financial behavior on the platform, even as the company continues to refer to user activity as "trading," not gambling.
