Data science helps determine who receives betting incentives, but the company has resisted using similar technology to protect gamblers at risk of addiction.
Category: Gambling
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At DraftKings, AI Targets the Gamblers Likeliest to Lose
The New York Times – Business: -
Belmont Park Got a $550 Million Makeover. Will Fans Show Up?
The New York Times – Business:The 300,000-square-foot so-called entertainment zone has scaled down capacity for horse race spectators, but added spaces for concerts and other performances.
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Sydney Sweeney Sports Betting Ad Sparks Backlash From Athletes
The New York Times – Fashion & Style:A nude campaign for a sports betting app drew strong responses. Was it all strategic?
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How Minnesota Became the Front Line in the Fight Over Prediction Markets
The New York Times – Business:The state was the first to pass a law banning Kalshi and Polymarket. A lawsuit filed by a federal agency may set a precedent on who gets to regulate them.
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Pennsylvania Gambling Addicts Hope that ‘Skill Games’ Will Go Bust
The New York Times – Business:The machines, which enjoyed legal protection until a recent court ruling, could go dark in October.
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Teleprompter Operator Who Bet on Trump Speeches Is Ordered to Pay Fine
The New York Times – Business:Gabriel Perez had access to the president’s speeches before they were delivered and was accused of placing unlawful wagers on words that would be spoken.
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Prediction Markets Should Be Regulated as Gambling, Appeals Court Says
The New York Times – Business:The outcome contradicted an earlier appeals court decision. Federal regulators said the split rulings called for resolution by the Supreme Court.
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Prediction Markets and States Clashed, Setting Off a Furious Political Battle
The New York Times – Business:A legal dispute over the future of Kalshi, Polymarket and others has drawn in the Trump administration, the president’s son and nearly every state attorney general.
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Victor Niederhoffer, Trader Who Went Boom and Bust (Twice), Dies at 82
The New York Times – Business:He pioneered a technique for using computers to predict short-term movements in stock prices, something that proved to be hugely lucrative — when it worked.
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How Pennsylvania Got Hooked on Games That Look a Lot Like Slot Machines
The New York Times – Business:A legal loophole kept “skill games” from being considered gambling. Now lawmakers are trying to save them from a court ruling.
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Kalshi Ordered to Cease Most Operations in Washington State
The New York Times – Business:In a preliminary injunction, a state judge barred the prediction market from allowing residents to place bets on the bulk of its offerings.