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Industry
September 11, 2024
Harris Surpasses Trump’s Betting Odds Following Debate
As the presidential election draws near, the debates and betting continue to grow in intensity. In what some considered a surprising turn of events, US Vice President Kamala Harris excelled at the latest TV debate, causing her betting odds to shoot past ex-POTUS Donald Trump’s. Even Musk Was Impressed Harris found herself as the Democratic […]
Sports
September 10, 2024
Federal Judge Issues Stay on Election Contracts Amid Kalshi and CFTC Battle
A federal judge in Washington DC, Judge Jia Cobb, issued a three-day administrative stay in response to a motion from the Commodity Futures Trading Commission (CFTC), which has been opposing Kalshi’s efforts to offer election-based event contracts. The delay will allow the court to hold a hearing on September 12, where both the CFTC and […]
Sports
September 10, 2024
Betting Heats Up as Harris and Trump Gear Up for First Presidential Debate
The second presidential debate of the 2024 election cycle awaited by many, will pit Vice President Kamala Harris against former President Donald Trump on September 10. This marks their first face-off. Betting Markets Signal Harris as Favorite Despite Tight Trump Challenge The event follows Trump’s impressive showing against President Joe Biden in June, which sparked […]
Industry
September 9, 2024
Brits Overwhelmingly Support Ban on Political Betting by Politicians
Earlier this year, a betting-related scandal erupted in the UK. Ahead of the General Election which took place early in July, media reports alleged that police officers and politicians, who had access to insider information, placed bets on the date of the election. Overall, nearly two dozen people, nine of which directly involved in politics, […]
Blockchain
August 26, 2024
Vitalik Buterin Says Polymarket Isn’t Gambling Amid DeFi Discussion
Vitalik Buterin, Ethereum’s co-founder, has opposed the claims that Polymarket constitutes gambling. According to the blockchain expert, this belief marks a significant misunderstanding of the nature of prediction markets. Polymarket Is Not Gambling, Buterin Says Polymarket, for context, is the world’s largest prediction market, offering trading markets on the world’s most hotly debated topics, including […]
Legal
August 26, 2024
Met Police Ends Probe into UK Gambling Scandal, UKGC’s Investigation Continues
The UK Metropolitan Police has concluded its probe into the general election, arguing that the offenses did not constitute misconduct in public office. In the meantime, the UK Gambling Commission’s (UKGC) investigation continues. The Mets Will No Longer Investigate the Matter On Friday, the police said that it had ended its investigation as the offenses […]
Industry
August 13, 2024
Kevin O’Leary Thinks Bettors Are Better Than Pollsters in Predicting Elections
Kevin O’Leary, an entrepreneur and businessman, who is not a betting man himself, has suggested that pollsters may be only the second best service to figure out the outcome of elections. O’Leary Says Nevada Bettors Get It Right – But What Bettors? In a recent televised appearance on Fox News, a media network and channel, […]
Industry
August 6, 2024
Sen. Merkley Leads Group Calling for US Elections Gambling Ban
On May 10, the Commodity Futures Trading Commission (CFTC), which is charged with the regulation of the vast and complex derivatives markets, issued a Notice of Proposed Rulemaking in connection with event contracts. The rulemaking featured a prohibition on event contracts regarding the outcome of elections in the US. On Monday, Senator Jeff Merkley (D-OR) […]
Industry
August 2, 2024
Betting Frenzy Surrounding US Presidential Race Reaches New Heights
The US presidential election is turning out to be a goldmine for bookmakers worldwide, with estimates suggesting that roughly $1 billion has been wagered on the outcome despite several months remaining before Election Day. The twists and turns surrounding the 2024 presidential debate have only fueled the fire, creating many exciting betting opportunities. Wagering Platforms […]
Industry
August 1, 2024
BetOnline Offers Unorthodox Betting Options Following Biden’s Resignation
In a surprising twist, President Joe Biden recently announced his resignation from the presidential race, opening the door for a slew of unorthodox betting proposals from the popular yet unregulated sportsbook BetOnline.ag. BetOnline has wasted no time capitalizing on the uncertainty of the shifting political landscape, offering odds on possible future endeavors for the soon-to-be […]
