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Prediction market platform Kalshi recorded $27 billion in trading volume during the 2026 FIFA World Cup, double its initial expectations, attracting 3 million users. The success comes amid growing regulatory scrutiny and insider trading investigations.
Malaysian authorities have dismantled a major underground gambling syndicate ahead of the FIFA World Cup 2026, arresting 331 individuals and seizing RM2.63 million in illicit betting transactions through Operation Soga XI.
Malaysian police have arrested 58 individuals, including four women, in a coordinated enforcement operation targeting illegal sports betting syndicates capitalising on World Cup betting markets ahead of the 2026 tournament.