You're tuned in to Tech Beat, and here's what's moving in the world of technology today.
Kalshi is taking Illinois to court over a new state tax set to hit prediction markets next week. The law would claim fifteen percent of gross receipts from sports-related wagers, and Kalshi argues the state is overstepping into federally regulated territory. It's a fight that could set precedent for how prediction markets are taxed across the country.
Shifting to semiconductors, the memory chip crunch is producing extraordinary numbers for one American company. Revenue quadrupled year over year to forty-one point four five billion dollars, while profit surged from under two billion to an almost hard-to-believe twenty-eight point two billion. That's the kind of windfall that happens when the world runs short on something every modern device depends on.
And NASA is turning the page on a landmark moment. Seven weeks after the Artemis II mission brought four astronauts home from the first crewed lunar journey since Apollo, mission managers are now sharing what they learned and how it shapes the road ahead, including plans for a permanent Moon base that NASA Administrator Jared Isaacman will detail in a virtual briefing on June thirtieth.
That's your Tech Beat for today. Keep surfing. Tech Beat out.
