Traders in companies with ties to the president’s eldest son can bet on the outcome of events the president affects.
Category: Gambling
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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.
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Kalshi, a Prediction Market, Raises $1 Billion in New Round
The fund-raising effort, the company’s third this year, values it at $11 billion, and comes amid stiff competition in the increasingly popular industry.
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Is Your College Football Team Short of Cash? Sports Betting Can Help.
Louisiana lawmakers tried a novel strategy for raising revenue, a model that proponents say might work more broadly.
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Being In an N.B.A. Player’s Entourage Is Fun. Now, It Can Be a Gambling Edge, Too.
The federal indictments against N.B.A. players and others for illegal betting exposed a new wrinkle in the way old friends can benefit from their access to an athlete.
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The Wider Costs of the N.B.A. Insider-Trading Scandal
Criminal charges over a wide-ranging betting ring have called into question the sports world’s embrace of legalized gambling.
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G. Michael Brown, 82, Dies; Gambling Regulator Became Casino Executive
He was a watchdog over casinos when they were introduced in New Jersey. He went on to run the nation’s most profitable one, in Connecticut.
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What’s the Deal With All Those FanDuel Ads?
Peter Jackson, the chief executive of Flutter Entertainment, FanDuel’s parent company, is fighting for attention as online gambling spreads across the United States.
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Kalshi, a Fast-Growing Prediction Market, Raises New Funds
The fund-raising round comes as online prediction marketplaces gain mainstream prominence.
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Stock Exchange Parent to Take Big Stake in Polymarket
The $2 billion deal values the crypto-powered betting site, where users can wager on politics, sports and more, at about $8 billion.