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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 5, 2024
Diplomats Questioned About Casino at Uganda Embassy in Dubai
On July 24, Uganda’s Shadow Minister for Foreign Affairs, Hon. Muwada Nkunyingi, expressed concern and called for a complex investigation into allegations saying diplomats were running a casino in Dubai’s Ugandan Consulate. During the same statement, the minister said the misdeeds of the diplomats, which broke the laws of both the United Arab Emirates (UAE) […]
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 […]
Industry
August 1, 2024
Josh Shapiro, the Odds-On Betting Favorite to Be Kamala Hariss’ VP
Pennsylvania governor Josh Shapiro has become the clear betting favorite in the race to be the Democratic vice presidential nominee. In the Lead at Popular Sportsbooks The 51-year-old has risen on top of oddsmakers’ boards ever since Kamala Harris assumed the presumptive presidential nomination from the party following President Joe Biden’s decision to withdraw from […]
Industry
July 26, 2024
UK Gov Unveils New DCMS Ministerial Team
The United Kingdom’s Department for Culture, Media and Sport (DCMS) has unveiled its new ministerial team, led by Lisa Nandy. Nandy was confirmed as Brtiain’s new DCMS head approximately a month ago and is now set to be supported by a team of industry professionals, including a new gambling minister. The DCMS Unveiled Its New […]
Industry
July 25, 2024
Bookmakers Favor Kelly, Shapiro as Kamala Harris’ VP Running Mate
Recently, President Joe Biden confirmed his plans to withdraw from the presidential race. The decision, which was announced on July 21, immediately increased the chances of Vice-President Kamala Harris for becoming the Democratic nominee and winning the elections. Odds via BetOnline at the time of writing still recognize former President Donald Trump as the favorite […]
Industry
July 24, 2024
Biden’s Exit Spurs Record Polymarket Betting Activity
Joe Biden’s unexpected decision to bow out of the 2024 presidential race has sent shockwaves through political circles and prediction markets. Immediately after the announcement, Polymarket, a leading decentralized prediction platform, experienced its highest spike in betting activity ever. Daily trading volume surged to a record high of $28 million, showcasing enhanced uncertainty and interest […]
Casino
July 18, 2024
Las Vegas Sands’ Stock Takes Hits as Donald Trump’s Reelection Odds Shorten
Las Vegas Sands is in a strange position. The business founded by the late Sheldon Adelson, a staunch Republican supporter, has not deviated from its pro-GOP line under the control of Miriam Adelson, Mr. Adelson’s wife. LVS’ Stock Experiences the Jitters as Trump’s Chances Grow Steadily Yet, as the polls continue to steadily increase in […]
Industry
July 16, 2024
UK: Anti-gambling Advocate Donates £250K to Labour’s Campaign
Ahead of the general elections in the UK, a number of politicians were tangled in a massive betting scandal. The looming scandal involved Conservatives as well as Labour party members. The betting scandal had a detrimental effect on the outcome of the elections, especially considering Labour’s win who took more than 400 out of the […]
