Category: Gambling

Trump Says He Dislikes Prediction Markets. His Family Invests in Them.

The New York Times – Business:
The White House has warned staff not to wager on government decisions, but his family’s involvement with these firms undermines the president’s message.
What Are Prediction Markets, and Why Are They Causing Controversy?

The New York Times – Business:
The indictment of a soldier who bet on the U.S. operation to capture President Nicolás Maduro of Venezuela put renewed focus on a new way to gamble, and a new way to cheat.
Polymarket Bets on Paris Temperature Prompt Investigation After Unusual Spikes

The New York Times – Business:
The authorities said a Paris airport weather sensor may have been tampered with as large wagers were placed on the betting site.
Soldier Used Classified Information to Bet on Maduro’s Ouster, U.S. Says

The New York Times – Business:
Federal prosecutors say that Sgt. Gannon Ken Van Dyke, who was involved in the operation to oust Nicolás Maduro from power in Venezuela, used the information to place bets on a prediction market.
Coinbase and Gemini Accused of Illegal Gambling in N.Y. Lawsuits

The New York Times – Business:
Attorney General Letitia James said the cryptocurrency giants were illegally running gambling platforms in the state after they expanded into prediction markets, which are loosely regulated.
March Madness Puts Las Vegas Back in the Game

The New York Times – Business:
The influx of fans during this month’s college basketball tournament is a welcome lift to the city’s casinos and hotels after a dismal 2025, when the number of visitors fell 7.5 percent.
Arizona Files Criminal Charges Against Kalshi, the Prediction Site

The New York Times – Business:
The state accused Kalshi on Tuesday of operating an illegal gambling business, escalating the legal battle between states and prediction markets.
How Anonymous Bettors Cashed In on the Iran Strike, Just Hours Before It Happened

The New York Times – Business:
Polymarket users placed hundreds of bets of at least $1,000 predicting an imminent American strike, raising concerns about insider trading.
Kalshi Accuses a ‘MrBeast’ Employee of Insider Trading

The New York Times – Business:
The prediction-market platform said it had reported the employee to federal regulators. The show’s parent company said it had “no tolerance for this behavior.”
How a Trump Tax Break Rescued Horse Racing

The New York Times – Business:
Owners spent nearly $1.5 billion last year on racehorses, a big increase over 2024. A new tax provision allows them to immediately deduct the full cost of the purchase.
N.F.L. Suspends Calvin Ridley for Betting on Games

The league said that Ridley, a receiver for the Atlanta Falcons, bet on games in November 2021 while he was on leave from the team to address a mental health issue.
Can A.I. Help Casinos Cut Down on Problem Gambling?

The opportunities seem endless. The reality is much more complicated.