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Why Investors Should Consider the Online Gambling Industry 

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The iGaming industry has grown at a pace. It presents a lot of opportunities for investors. We discuss them in the article below.

There are very few sectors overlooked in the world of investment. Yet the online gambling sector is one. It may be because, across the globe, laws and legislations pertaining to it are patchy. Yet over the last few years, new markets have emerged. As mobile connectivity has increased, it has catapulted profits.

What is iGaming?

The term iGaming has been coined to encompass any sort of online gambling activity in which you can win money. While most people view this as casino games, such as poker, blackjack, and online slots, it also has many other facets. Bingo, lotteries, and crash gaming may also fall under the iGaming umbrella.

If you are not sure just how big the iGaming sector is, the facts can help you understand it a little. Its current estimated value is $85.62 billion across the globe. This rose to $97 billion in 2024. In the US, many states, such as New Jersey, have just posted record first quarters for online casinos and sportsbooks.

Added to that is the aftermarket industry that has grown up around this. It can range from social media influencers who give hints and strategies on games, all the way to websites that rank operators. These reviewers have been integral to the improvements in real money casinos. In a competitive marketplace, they have offered feedback to both operators and clients on bonuses, transparency, and customer service.

The Potential in the iGaming Industry

The iGaming industry now has better regulatory oversight than before. This has not always been the case. There has been backwards and forward action from many states regarding the best way to handle the rise of online gambling. Yet as a new industry, as more data and case studies come into being, it becomes easier to get this balance right. Even states like Poland, which have a state monopoly and have operated in a grey area of legislation, are now under pressure to seek reforms and utilise the tax benefits of iGaming.

As regulatory changes come, so do the opportunities for collaboration. This has worked extremely well in the US, where iGaming companies have teamed up with sports stars and major leagues to enhance their offerings. While some jurisdictions are vehemently against this form of advertising, it does show the potential of different markets.

As a new industry, the iGaming sector is also not just monopolized by a few larger companies. All you need to get started is a platform, a license, and some good marketing. This means it is fresh, exciting, and still provides investors with the chance to fund start-ups that may balloon into something big. This does mean that the risk of failure is quite high, so you must weigh up your level of risk and reward tolerance.

International expansion is also very easy. Once a platform is up and running, it takes very little to replicate that service for those in a different country.

Finally, the rise in gambling is not something that has simply come out of nowhere. The gambling industry is something that has been around and has been lucrative for many years. The iGaming sector has been quietly growing in the background for some time. However, with the rise in mobile technology and connectivity, its potential has been unlocked. It is now able to rival entertainment forms such as online gaming or video streaming.

What to Consider Before Investing in iGaming

The first consideration to make before investing is the regulatory framework. For example, if you are investing in an emerging iGaming market, knowing current laws and possible changes can help a lot. You may be able to pick out future opportunities or spot difficulties in the growth of the sector.

Make sure you dip into the ethos, attitude, and plans of any company you are investing in. While there is plenty of room for growth, the iGaming sector is saturated. That is easy to see in the number of casinos online. What makes your company better than its rivals?

Finally, look at how they embrace technology. There are many gambling sites that load up the same slots and table games as others. However, those at the forefront of innovation reap the rewards. This was seen in the recent addition of crash gaming to many online casinos. Originally only available at crypto sites, its popularity was adopted by the best casinos hungry for new products.

If you are looking to diversify your portfolio, then iGaming must be considered. It does have drawbacks, such as a crowded marketplace. Yet it is growing and will continue to as more countries develop and get connected. Take a gamble, and you may just invest in the next big thing.

Anthropic Launches Voice Mode for Claude, Enabling Fully Spoken Conversations in AI Chat Experience

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Anthropic, the AI research company behind the Claude chatbot, has officially begun rolling out a new voice mode for its mobile app, enabling users to engage in fully spoken conversations with its AI assistant.

The feature, currently launching in English over the coming weeks, represents a major expansion of Claude’s interactivity and places it in direct competition with other AI voice assistants such as OpenAI’s ChatGPT, Google’s Gemini Live, and xAI’s Grok.

The company made the announcement via its official X (formerly Twitter) account and updated documentation on its support website. According to the release, voice mode is powered by Anthropic’s Claude Sonnet 4 model by default and offers users an immersive, hands-free AI interaction.

“Voice mode… enables you to speak to Claude and hear responses through voice, making it easier to use Claude when your hands are busy but your mind isn’t,” Anthropic wrote in an official support article. “Voice mode transforms how you interact with Claude by… displaying key points on-screen as Claude speaks and allowing you to speak to Claude and hear Claude’s voice responses.”

What Voice Mode Offers

The new feature includes a range of user-centric enhancements. Users can choose from five different voice options, allowing a personalized conversational experience. Voice mode supports back-and-forth discussions not only about simple prompts but also about more complex content such as documents and images. The app also allows real-time switching between voice and text input, and it generates transcripts and conversation summaries for easy follow-up and reference.

This flexible design aligns with Anthropic’s emphasis on safety and clarity in AI interactions. During or after a conversation, Claude users will be able to view key discussion points highlighted on the screen, making it easier to follow longer or more complex voice exchanges.

Limited Access and Usage Caps

Voice mode is initially being made available to users in phases, with a full English rollout expected in the coming weeks. However, not all features are accessible to everyone. The capability to connect voice mode with tools like Google Calendar and Gmail via the Google Workspace connector is limited to paid Claude users. Integration with Google Docs is available exclusively to Claude Enterprise plan subscribers.

Additionally, voice conversations are counted against a user’s overall usage cap. According to Anthropic, most free-tier users can expect to have between 20 and 30 conversations using the new feature before hitting their limit.

A Competitive Feature in a Crowded Field

The launch of voice mode is a strategic move that brings Claude closer to competing on equal footing with major AI platforms that have prioritized natural speech interaction. OpenAI offers a robust voice experience through ChatGPT’s mobile app, including Whisper-powered speech recognition and voice synthesis. Google’s Gemini Live allows for natural speech exchanges and has integrated tightly with Android. Meanwhile, Elon Musk’s xAI recently introduced voice functionality for its Grok assistant on X.

By bringing voice functionality to Claude, Anthropic is signaling its intent to compete in this increasingly popular AI application area—where convenience, responsiveness, and personalization are key user expectations.

The rollout follows an earlier confirmation by Anthropic’s Chief Product Officer, Mike Krieger, who revealed in a March interview with the Financial Times that the company was developing voice capabilities. Krieger noted that Anthropic was exploring collaborations with Amazon—one of its major investors—as well as voice-focused startup ElevenLabs, known for synthetic voice technology.

While it’s unclear which of those partnerships materialized for the current release, the voice mode’s launch demonstrates Anthropic’s growing ambition to push the Claude platform into more intuitive, real-world applications.

A Step Toward Mainstream AI Utility

The introduction of voice mode is more than just a user interface update—it reflects a broader shift in how AI assistants are expected to operate. The ability to communicate naturally, without the need for typing, is fast becoming a baseline expectation for AI systems intended for everyday use, whether on smartphones, in vehicles, or integrated into smart home systems.

Jared Kaplan, Anthropic’s Chief Science Officer, has previously suggested that voice and multimodal capabilities are part of Claude’s roadmap toward being a more useful, capable AI assistant.

With voice mode, Claude moves a step closer to that goal.

Availability

The new voice mode is currently rolling out to users of the Claude mobile app in English. Full availability is expected within the next few weeks, with no official announcement yet on additional languages or regions.

Anthropic’s Claude voice mode is available to both free and paid users, though advanced integrations and usage caps vary by plan. The Claude mobile app can be downloaded from the Apple App Store and Google Play Store.

Claude’s voice mode adds to the growing list of tools empowering users to engage with AI in more natural, seamless ways as conversational AI continues to evolve, reaffirming that the future of AI may very well be spoken.

USDC Stablecoin Issuer, Circle, Aims for $6.7 Billion Valuation in Landmark U.S. IPO

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Circle Internet Financial, the company behind the popular USDC stablecoin, is making a second attempt at going public—this time targeting a valuation of up to $6.71 billion in what could become one of the most significant crypto listings since the 2021 debut of Coinbase.

The New York-based fintech firm announced on Tuesday that it plans to raise up to $624 million in its initial public offering (IPO) by offering 24 million shares at a price range of $24 to $26 per share. According to the filing, Circle itself will offer 9.6 million shares, while existing shareholders—including venture capital giants Accel and General Catalyst—will offload 14.4 million shares.

The stock is expected to be listed on the New York Stock Exchange (NYSE) under the ticker symbol “CRCL.”

The IPO marks a return to public markets for Circle, which had previously attempted to go public via a $9 billion merger with Concord Acquisition Corp., a special purpose acquisition company (SPAC) backed by former Barclays CEO Bob Diamond. That deal, however, collapsed in late 2022 amid a broader market cooldown and increased regulatory scrutiny.

Now, Circle appears to be re-entering a more favorable market landscape. Under President Donald Trump’s administration, cryptocurrency policy has softened. The government has pledged a more “rational” and pro-innovation approach to digital asset regulation, creating a more welcoming environment for crypto companies to tap the public markets.

“The outlook for crypto IPOs is better than at any point in the past 3 years or so,” said Matt Kennedy, senior strategist at Renaissance Capital, a firm that tracks IPO activity. “A combination of policy clarity, investor interest, and easing global trade tensions is reviving appetite for public listings.”

Kennedy’s comments reflect broader optimism fueled by progress in U.S. trade talks with key partners, which has helped calm the stock market and encouraged companies like Circle to proceed with long-delayed IPO plans.

A Strategic Backer and Changing Market Expectations

Cathie Wood’s ARK Investment Management has indicated plans to invest as much as $150 million in Circle’s IPO—an endorsement that could attract additional institutional attention. Wood’s firm has been one of the most aggressive institutional investors in the crypto space, and her support is often viewed as a bellwether for sentiment in the digital asset sector.

While the $6.71 billion valuation falls short of the $9 billion Circle was once eyeing, analysts say the new figure is a more accurate reflection of current market realities.

“Circle now returning to the public markets indicates regained confidence — but at a 25% lower valuation, which reflects more realistic market conditions and less frothy expectations,” said Bo Pei, an analyst at US Tiger Securities.

According to the IPO filing, Circle posted net income of $155.7 million in 2024, a decline from the $267.5 million it earned in 2023. However, its revenue and reserve income increased to $1.68 billion in 2024, up from $1.45 billion the previous year. The company earns much of its revenue from interest on reserves backing its stablecoins.

These numbers paint a picture of a still-profitable company with room to grow, particularly as regulatory clarity improves and institutional adoption expands.

Dominance in the Stablecoin Market

Founded in 2013, Circle is best known as the issuer of USD Coin (USDC), a stablecoin pegged 1:1 to the U.S. dollar. USDC has become a cornerstone of the crypto economy, used widely in decentralized finance (DeFi), cross-border payments, and institutional settlements. With a market capitalization of over $60 billion, it is the second-largest stablecoin behind only Tether (USDT), according to data from crypto analytics platform CoinGecko.

In addition to USDC, Circle also issues a euro-pegged stablecoin, EURC, as part of its strategy to expand stablecoin use into traditional financial markets and new geographic regions.

The IPO also comes at a time when stablecoins are receiving increasing attention from U.S. lawmakers. A new stablecoin regulatory bill is progressing through the U.S. Senate and could set the framework for how companies like Circle operate going forward. Analysts believe such legislation could speed up mainstream adoption of stablecoins and further integrate them into the financial system.

J.P. Morgan recently projected that the market size for stablecoins could grow to between $500 billion and $750 billion in the coming years, a leap from the current market size of around $160 billion.

Circle’s IPO is being underwritten by a consortium of major Wall Street banks including J.P. Morgan, Citigroup, and Goldman Sachs. Their involvement adds another layer of credibility to the listing and underscores the growing interest among traditional financial institutions in digital asset markets.

The listing is expected to draw comparisons to Coinbase Global’s blockbuster IPO in 2021, which was heralded as a coming-of-age moment for the crypto industry. More recently, Galaxy Digital, a crypto investment firm led by Mike Novogratz, also went public on the Nasdaq, adding to a small but growing list of digital asset companies trading on major U.S. exchanges.

What’s at Stake?

For Circle, a successful IPO could unlock capital to scale operations, develop new products, and solidify its leadership in the stablecoin market—especially as regulators move toward establishing clearer rules. For the broader crypto sector, the IPO represents a barometer of investor confidence at a time when the industry is still recovering from the shocks of past collapses and scandals.

If successful, the offering could pave the way for more digital asset firms to enter the public markets and bring new scrutiny, and potentially, legitimacy, to a sector that has long operated in regulatory gray zones.

With strong institutional backing, growing regulatory clarity, and a massive role in the global crypto economy, Circle’s IPO may signal not just a revival in crypto listings—but a shift in how digital finance integrates with traditional capital markets.

In an Age Flooded with AI Content, Human Craft May Be the Edge That Wins — OpenAI’s Former VP of Marketing Says

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As businesses around the world increasingly integrate artificial intelligence into nearly every facet of their operations, a growing number of industry leaders are calling for a return to the fundamentals: human judgment, taste, and craft.

Among them is Krithika Shankarraman, a former Vice President of Marketing at OpenAI and the first marketing hire at Stripe, who now serves as an Entrepreneur in Residence at venture capital firm Thrive Capital.

Speaking on a recent episode of Lenny’s Podcast, Shankarraman warned that in the era of AI saturation, success may hinge less on how widely artificial intelligence is used, and more on how thoughtfully it is applied by people.

“Taste is going to become a distinguishing factor in the age of AI because there’s going to be so much drivel that is generated by AI,” she said. “That power is at anyone’s fingertips.”

Shankarraman pointed out that AI tools have made it easier than ever to deploy, brand, and market a product. But that ease, she argued, has come with a flood of uninspired, indistinct content. The result is a noisy marketplace in which genuine quality is harder to spot — and more valuable than ever.

“The companies that are going to distinguish themselves are the ones that show their craft,” she said. “That they show their true understanding of the product, the true understanding of their customer, and connect the two in meaningful ways.”

For her, this means companies should avoid using AI as a substitute for human insight and creativity. Instead, AI should serve to augment and amplify what a skilled team is already doing — not replace it.

“To me, that is going to be a real differentiator for not only great marketers but great companies to stand out in the field,” she said.

Shankarraman emphasized that understanding the mechanics behind a product, from its design to its target audience, is essential. She warned that marketers who rely too heavily on generative AI without understanding core principles risk producing empty content that fails to connect with customers.

“What it means to market a product, what it means to show up as a fantastic operator, is in and of itself changing,” she said. “Understanding the underlying mechanics of what you’re trying to achieve is key.”

That line of thinking, she noted, also explains her ongoing support for foundational education in STEM (science, technology, engineering, and mathematics). A deep grasp of basic concepts, she argued, allows practitioners the freedom to apply or adapt technology like AI in effective and creative ways — rather than becoming bound to it.

“This is why I would still be a very firm believer in STEM education, is that you understand the fundamental concepts,” she explained. “And then you can have a choice and optionality in how you decide to apply those concepts, but the concepts themselves have to be there in the foundations.”

She also spoke passionately about the importance of cultivating a growth mindset — one that values learning for its own sake, not just for credentials or completion.

“Because being of that growth mindset, if you go to school just to earn the grades or to finish the coursework, it’s a very different mindset than if you go to school to learn those concepts and to understand how to apply them,” she said.

Still, even with an optimistic view of what AI can help people accomplish, Shankarraman expressed concerns about the direction in which some AI companies are heading. She warned against short-term thinking and competitive “one-upmanship” that emphasizes model performance over social responsibility.

“Long story short, what I’m trying to say is that all of these companies have to think in a much more long-term oriented fashion,” she said. “Because it’s not about a race of the best chatbot and the best outputs. It’s about, how does AI become a positive force for humanity?”

Her comments arrive at a time when major tech firms are fiercely competing to release more powerful AI models, often with little transparency about how those tools are trained, governed, or deployed. Many people have raised alarms over the ethics of large-scale data usage, misinformation risks, and the potential for biased or dangerous outputs.

Shankarraman did not dismiss the value of AI — far from it. She considers it a breakthrough tool. But she made clear that meaningful innovation will still depend on the human capacity to use these tools with clarity, taste, and purpose.

In a world increasingly shaped by artificial intelligence, her message is that it is not just about what AI can do — it’s about what people choose to do with it.

Nigeria Approves Dredging of Lekki Deep Seaport, Rekindling Debate Over Port Diversification and Congestion in Lagos

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The Federal Government has approved the dredging of the Lekki Deep Seaport, a move aimed at boosting Nigeria’s maritime capacity and positioning the country to benefit from larger transshipment volumes across West Africa.

Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, announced the approval during an official visit to the facility over the weekend. According to Dantsoho, the federal government will deepen the port channel from its current 16.5 meters to 17 meters, with a long-term ambition of reaching 19 meters. The project will be executed in partnership with China Harbour Engineering Company (CHEC), following a series of consultations with stakeholders.

“The rise in throughput volume at Lekki Port is exciting to us,” Dantsoho said. “Lekki’s capacity to berth super post-Panamax vessels and deliver rapid cargo and vessel turnaround positions it as a game-changer for Nigeria’s export competitiveness, particularly for agro-allied products.”

He added that the Lekki Port’s distinctive features, including full automation and integrated cargo handling systems, will strengthen the country’s position under the African Continental Free Trade Area (AfCFTA). Dantsoho also revealed that the NPA had awarded a contract for a hydrographic survey of the channel, a prerequisite for the port’s navigation compliance with international maritime standards.

Since its commercial operations began in April 2023, the Lekki Deep Seaport, Nigeria’s largest, has been promoted as a transformative project. Designed to handle 6 million TEUs annually, the port is envisioned to reduce cargo pressure on Lagos’s overstretched Apapa and Tin Can ports. But for many industry observers, simply expanding Lekki does not solve the country’s deeper infrastructural imbalance.

Lagos-Centric Model Under Fire

But while the Nigerian Ports Authority (NPA) touts the approval as a milestone for economic competitiveness, the development has also reignited longstanding calls for the decentralization of Nigeria’s port infrastructure. This is a debate that continues to expose deep-rooted concerns about regional economic exclusion and Lagos-centric planning.

Economist Kelvin Emmanuel, in a note, said the persistent congestion in Lagos is a symptom of poor strategic planning and political manipulation of port development across the country.

“The congestion in [Lagos] cannot be solved until the government gets serious about allowing all the ports to operate freely,” Emmanuel said.

He noted that Nigeria’s eastern maritime corridor — home to ports like Onne, Calabar, Warri, and the long-stalled Ibaka Deep Sea Port in Akwa Ibom — has been neglected for years, even as Lagos’s logistical infrastructure continues to choke under rising cargo volumes.

“Lies they tell Nigerians that Lagos is the best place to site port operations in Nigeria. And that all commerce starts and ends in Lagos — wicked lies! If you don’t diversify port operations to the eastern maritime corridor and build vertically integrated standard gauge rail lines, you’ll not see inclusive growth,” Emmanuel added.

According to him, the dysfunctional state of port infrastructure outside Lagos is not accidental.

“I have made my findings and it’s Abuja that is holding the Ibaka Deep Sea Port in Akwa Ibom from moving forward,” he said. “You cannot claim to be progressive and restrict maritime operations to the Western Flank. It’s dishonest.”

At the heart of the debate is the call for a more balanced distribution of Nigeria’s maritime economy. Emmanuel argued that political interests have locked out states in the South-East and North-East from benefiting fully from Nigeria’s international trade activities.

“Decentralize port operations to the eastern maritime corridor so the South East and North East can benefit,” he said. “Remove the port categorization of Onne as E&P [Exploration & Production], so the fees for non-oil and gas cargoes will enable it to compete with Lagos. Governance that’s not structurally fair to all is dishonest.”

The Onne Port in Rivers State, for instance, is currently designated primarily for oil and gas-related cargoes — a classification that raises costs for non-oil trade and limits the port’s competitiveness. Some say this categorization must be scrapped if Onne and similar ports are to play a meaningful role in decongesting Lagos.

The Federal Ministry of Marine and Blue Economy, led by Minister Adegboyega Oyetola, has in recent months pushed to modernize Nigerian ports, with a focus on full automation and the eventual implementation of the National Single Window (NSW) for port logistics. But experts say these reforms must go beyond infrastructure upgrades and embrace a structural shift in how the country approaches port distribution.

With Nigeria aiming to become a regional maritime hub under AfCFTA, the dredging approval for Lekki Deep Seaport has once again reignited the pressure on the federal government to address port imbalance – not just as a policy matter – but as a structural injustice that hinders economic inclusion across the federation.