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Legal
January 20, 2025
Legal Battle Between Kalshi and CFTC Intensifies
Ahead of the Presidential Elections in the United States in November, the Commodity Futures Trading Commission (CFTC), an agency that regulates US derivative markets and combats manipulation, fraud and other unlawful practices, clashed with Kalshi, a regulated exchange and prediction market offering trading on the outcome of real-world events. While the legal hurdle between the […]
Industry
January 16, 2025
Las Vegas Casino Mogul Aids Gaza Hostage Release, Ceasefire
On Wednesday this week, the President of the United States, Joe Biden, announced that a ceasefire agreement was reached between Hamas and Israel, putting a stop to a bitter war that has been ongoing for the last 15 months. The agreement was reportedly reached with the help of US, Egypt and Qatar negotiators and if […]
Industry
January 8, 2025
Better Times for Political Betting May Be on the Horizon as CFTC Chair Resigns
The US Commodity Futures Trading Commission (CFTC) chairman is set to step down, potentially heralding a favorable era for political betting. Rostin Behnam, who chaired the commission during Biden’s presidency, was among the chief opponents of the growing vertical. Behnam Says He Did His Job to the Best of His Abilities Behnam announced his exit […]
Industry
January 6, 2025
Alleged Manifesto Suggests Man Behind Vegas Car Explosion Suffered from PTSD
The man behind the Trump International Hotel car explosion allegedly sent a manifesto to a former army officer on the day before he took his own life. The alleged manifesto outlined dissatisfaction with the American leadership amid fears of war with China. The Man Shot Himself in the Head and Exploded a Tesla For context, […]
Industry
December 30, 2024
Trump Tribal Casino Tweet Slammed as Racist
To say that Donald Trump is no stranger to controversy would be an understatement. His involvement in politics, however, brought additional attention to his sincere and direct, if sometimes offensive, opinions. In one of his latest posts, Trump slammed a bill in Taunton, Massachusetts. In his publication, the President-elect said that Republicans should reject HR […]
Industry
December 19, 2024
New Bill to Prohibit Election Betting Introduced in US House
It has been a busy election season in the United States that culminated with the win of former President Donald Trump against his rival and current President, Joe Biden. While many supported the President-elect with their vote, some considered also placing a bet. That’s the case because platforms such as Kalshi and Polymarket, which offer […]
Industry
December 17, 2024
Justin Trudeau Eyes Resignation, Betting Markets Available
Justin Trudeau is rumored to be considering an exit as leader of the Liberal Party. According to reports, this consideration was prompted by the recent resignation of Chrystia Freeland as finance minister. Freeland Quit as Finance Minister The Canadian PM reportedly told Freeland that he doesn’t want her as a finance minister, offering her another […]
Blockchain
December 13, 2024
Memecoins Soar and Plummet in the Wake of Trump’s Presidency
Trump’s win in the US presidential race has sparked new interest in memecoins doubling the market’s value to $118 billion. These digital tokens mix online memes with blockchain tech becoming a key part of the attention economy. They blend viral social media trends with risky investments. Hawk Memecoin’s Collapse Highlights Risks in Viral Crypto Frenzy […]
Industry
December 12, 2024
Trump Rumored to Be Considering Tilman Fertitta as Ambassador to Italy
As Donald Trump’s new term as POTUS approaches, the 78-year-old businessman is already considering his ambassadors. On Tuesday, the President-elect nominated Kimberly Guilfoyle as the United States ambassador to Greece. In the meantime, experts believe that billionaire Tilman Fertitta will be designated as US ambassador to Italy. Fertitta Is a Possible Candidate for Ambassador to […]
Industry
December 11, 2024
Card Rooms Invest $3M in Campaign Against California Lawmakers
Late in October, a bill that enabled Tribal casinos in California to sue card rooms over games such as pai gow poker and blackjack the latter offers, was signed into law. Despite pushback from card rooms, Senate Bill 549 (SB 549) was signed into law by Gov. Gavin Newsom, enabling Tribal operators to take their […]
