Category: Gambling

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?
Perfect Timing, Big Payouts: Insider Trading Red Flags Emerge on Polymarket

The New York Times – Business:
Dozens of long-shot bets on Polymarket, from the war with Iran to the cryptocurrency market, have defied the odds, according to a New York Times examination.
Why Investors Are Still Betting Big on Kalshi

The New York Times – Business:
The popular prediction market platform has just raised a new funding round that values it at $22 billion, double what it was worth in December.
Kalshi, the Prediction Market, Raises $1 Billion at a $22 Billion Valuation

The New York Times – Business:
The platform for betting on sports, politics, the weather and more has raised $1 billion and sees big financial firms as a key source of growth.
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.