Legal
September 20, 2024
No Ruling from Appeals Court in US Election Betting Case
Kalshi, the regulated exchange and prediction market platform that offers trading on the outcome of real-world events, was cleared to start offering “contracts” on political events last week. This came after a ruling by Judge Jia Cobb. However, Kalshi’s win was short-lived as the Commodity Futures Trading Commission (CFTC) filed an appeal with the Court […]
Blockchain
September 19, 2024
Trump Becomes the First US President to Complete a Bitcoin Transaction
Ex-POTUS Donald Trump has once again made headlines, this time for becoming the first US president in history to conduct a Bitcoin transaction. Trump, who remains an avid businessman, has long demonstrated interest in the crypto world, hoping for further backing as the November election looms. Trump Made History at the PubKey Crypto Bar The […]
Industry
September 16, 2024
Malaysian Islamist Political Party Plans to Close the Country’s Sole Casino
Similar to other countries across Asia, Malaysia has strict rules when it comes to gambling activities. There is a single casino in the country that allows visitors aged 21 or older to participate in Las Vegas-style casino gambling. However, the growing presence of one Islamic party seeks to effectively shut down the sole casino, citing […]
Legal
September 16, 2024
US Election Betting Once Again on Hold After Appeals Court Ruling
Political betting moved one step closer in the United States last week as a federal judge in Washington DC issued a stay on election contracts. The major development effectively sided with Kalshi, the popular regulated exchange and prediction market platform offering trading on the outcome of real-world events, in its legal battle with the Commodity […]
Industry
September 13, 2024
Taylor Swift Levies the Swifties as the Elections Approach
Singer-songwriter Taylor Swift has once again demonstrated the massive sway she has over the American public by backing Vice President Kamala Harris’s presidential campaign and causing a surge in online activity. The Swifties Have Banded Behind the Star Swift expressed support for Harris on Tuesday, saying that she is firm about backing the Democrats. This […]
Business
September 13, 2024
Interactive Brokers Prepares to Launch Election Markets
Interactive Brokers, a popular trading platform, announced that it will be launching wagering on the outcome of the US election. Set to take place in November, the election is highly anticipated by US citizens and bettors alike. Interactive Brokers Plans to Offer Exciting Markets Speaking to the Wall Street Journal, Interactive Brokers said that it […]
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 […]
Industry
September 11, 2024
Norway’s Gambling Monopoly May Be Nearing Its End
Norway’s Conservative Party – Høyre – has called for the end of the Nordic nation’s long-standing gambling monopoly in its latest party manifesto. If successful, this effort could see a fully liberalized market as early as 2028. Norway remains the only Scandinavian country with a state-controlled gambling monopoly after its neighbors introduced milestone reforms to […]
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 […]
Industry
September 10, 2024
Donors Press Kamala Harris to Remove FTC and SEC Chairs
Ahead of the Presidential elections in the United States, Democratic party donors are reportedly increasing the pressure on Vice President Kamala Harris, asking her to make changes to the senior-level teams at the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC). Democratic Donors Push for Ousting of FTC Chair Lina Khan, FTC’s […]
