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How FanDuel outpaced DraftKings to take an estimated 42% share of the US sports wagers market after its sale to Flutter (Christopher Palmeri/Bloomberg)

Christopher Palmeri / Bloomberg: How FanDuel outpaced DraftKings to take an estimated 42% share of the US sports wagers market after its sale to Flutter  —  Greg Bunnell has played fantasy football since he was a teenager.  So when Indiana legalized sports betting two years ago, the 39-year-old project manager seamlessly switched [Read More...]

Rawalpindi-based TAG Innovation, which builds financial tools for Pakistan’s 100M unbanked adults, raises $12M at a $100M valuation led by Liberty City (Faseeh Mangi/Bloomberg)

Faseeh Mangi / Bloomberg: Rawalpindi-based TAG Innovation, which builds financial tools for Pakistan’s 100M unbanked adults, raises $12M at a $100M valuation led by Liberty City  —  – Pakistan is seeing record funding in startups this year  — South Asian country among world’s largest unbanked [Read More...]

Shenzhen-based Hai Robotics, which develops autonomous hardware for warehouses, raises $200M across a Series C and Series D, following a $15M Series B+ in March (Kate Park/TechCrunch)

Kate Park / TechCrunch: Shenzhen-based Hai Robotics, which develops autonomous hardware for warehouses, raises $200M across a Series C and Series D, following a $15M Series B+ in March  —  Hai Robotics, a Shenzhen, China-based warehouse robotics startup that develops autonomous, case-handling robotic (ACR) system, announced it has raised $200 [Read More...]

French online secondhand fashion marketplace Vestiaire Collective raises $209M at a $1.7B valuation led by SoftBank Vision Fund 2, after raising $216M in March (Angelina Rascouet/Bloomberg)

Angelina Rascouet / Bloomberg: French online secondhand fashion marketplace Vestiaire Collective raises $209M at a $1.7B valuation led by SoftBank Vision Fund 2, after raising $216M in March  —  – Fashion company’s valuation reaches $1.7 billion in raise  — SoftBank executive Marcelo Claure to become board [Read More...]

Netflix agrees to acquire the Roald Dahl Story Company, expanding on a three-year deal to make animated shows, with plans to create TV, movies, games, and more (Naman Ramachandran/Variety)

Naman Ramachandran / Variety: Netflix agrees to acquire the Roald Dahl Story Company, expanding on a three-year deal to make animated shows, with plans to create TV, movies, games, and more  —  Netflix has acquired the Roald Dahl Story Company and will expand their existing deal to create a universe spanning several [Read More...]

Profile of Johannes Caspar, who was Hamburg’s data protection commissioner for over a decade and investigated Facebook, WhatsApp, Clearview, PimEyes, and Amazon (Cathrin Schaer/Wired UK)

Cathrin Schaer / Wired UK: Profile of Johannes Caspar, who was Hamburg’s data protection commissioner for over a decade and investigated Facebook, WhatsApp, Clearview, PimEyes, and Amazon  —  Under former commissioner Johannes Caspar, Hamburg sent shock waves from Brussels to Silicon Valley  —  In Germany, they call him the [Read More...]

Kavak, a Mexico-based marketplace for used cars, raises $700M Series E led by General Catalyst, doubling its valuation from April to $8.7B (Mary Ann Azevedo/TechCrunch)

Mary Ann Azevedo / TechCrunch: Kavak, a Mexico-based marketplace for used cars, raises $700M Series E led by General Catalyst, doubling its valuation from April to $8.7B  —  Kavak, a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced today that it has raised a massive $700 million [Read More...]

ZestMoney, an Indian buy now, pay later startup, raises $50M Series C from Australian buy now, pay later company Zip (Soumyarendra Barik/Entrackr)

Soumyarendra Barik / Entrackr: ZestMoney, an Indian buy now, pay later startup, raises $50M Series C from Australian buy now, pay later company Zip  —  Buy-now-pay-later (BNPL) startup ZestMoney said it has raised $50 million from leading BNPL firm Zip Co Limited.  This is part of a larger Series C fundraise which will see participation from [Read More...]

Crypto Exchange Binance Ceases Derivatives Trading in Australia

Amid regulatory scrutiny worldwide, global cryptocurrency exchange Binance has announced that it will cease offering futures, options, and leveraged tokens to Australian users in 90 days. Changes Coming to Binance Australia Cryptocurrency exchange Binance announced some changes to its offerings in Australia Tuesday. The exchange will cease [Read More...]

SEC’s Gary Gensler says stablecoins are a risk to consumers, like “poker chips at the casino”, and equates crypto boom to “wildcat banking” in the 1830s (Tory Newmyer/Washington Post)

Tory Newmyer / Washington Post: SEC’s Gary Gensler says stablecoins are a risk to consumers, like “poker chips at the casino”, and equates crypto boom to “wildcat banking” in the 1830s  —  The top Wall Street regulator described the digital assets frequently pegged to the U.S. dollar as a danger to [Read More...]
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