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.
Category: Gambling
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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.
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Can A.I. Help Casinos Cut Down on Problem Gambling?
The opportunities seem endless. The reality is much more complicated.
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Americans Strongly Favor Moneymaking Deals for College Athletes, Poll Says
While consensus existed over college athletes being able to earn from endorsements, there were splits on gambling and paying player salaries.
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Americans Strongly Favor Deals for College Athletes, Poll Says
While consensus existed over college athletes being able to earn from endorsements, there were splits on gambling and paying player salaries.
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Betting on Prediction Markets Is Their Job. They Make Millions.
Welcome to the era of the Polymarket sharp.
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Sports-Betting Scandals Are Ubiquitous. Whether Fans Will Care Is an Open Question.
Breaches of ethics in sports are almost as old as professional competitions. Here’s when they have affected the business — and when they haven’t.
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The Rise of Prediction Markets
Billions of dollars are trading hands on sites like Polymarket and Kalshi, where people bet on everything from Taylor Swift’s wedding date to election outcomes.
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Polymarket Won’t Pay Users Who Bet on a U.S. Invasion of Venezuela
Polymarket users bet on whether the U.S. would invade Venezuela, but the prediction market said the Venezuelan president’s capture did not constitute an invasion.
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N.B.A. Tweaks Its Rules to Thwart Sports Betting Cheats
The basketball league will require teams to submit injury reports closer to tipoff, an attempt to close one source of inside information.
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States Are Raking In Billions From Slot Machines on Your Phone
Online casinos have proved to be a much stronger source of tax revenue than sports betting apps. They may be coming to a state near you.