Category: Gambling

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.
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.
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.
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.
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.
The ‘Betting Coup’ Shaking Up Horse Racing

The New York Times – Business:
When several horses wildly outperformed the odds at tracks at Saratoga and the Jersey Shore, bookmakers in London were stung and industry watchers suspected an elaborate plot.
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.
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.
Kalshi’s Tarek Mansour Isn’t Interested in Management Advice

The New York Times – Business:
Tarek Mansour co-founded the fast-growing prediction market company shortly after graduating from M.I.T., aiming to provide a “mathematical, objective” view of the world.
How the Mohegan Tribe Lost a Billion-Dollar Casino in South Korea

The New York Times – Business:
Inspire Entertainment Resort — an alternative to Macau, the world’s gambling capital — was supposed to be a “transformational” project for the Native American tribe.
How Polymarket Traders Revolted Over One Silly Syllable

The New York Times – Business:
How one silly syllable ignited a bitter dispute over the nature of reality on Polymarket.
A Viral Knicks Moment, Brought to You by a Prediction Market

The New York Times – Business:
What do a Jalen Brunson look-alike contest, a buzzy catchphrase and a dancing robot outside Madison Square Garden have in common?