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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 […]
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, […]
Industry
September 4, 2024
Australian PM Disproves Reports of Imminent Gambling Advertising Ban
Australian Prime Minister Anthony Albanese has denied media reports from earlier in the week that his administration had already discussed and agreed on a total ban on gambling advertising. The government is still conducting consultations, aiming to gather as much data as possible before making an informed decision, especially considering the far-reaching implications of a […]
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 […]
Casino
August 23, 2024
California Gov. Lobbies Against Two Tribal Casino Projects
California’s Democratic governor, Gavin Newsom, has sent a letter to the US Department of the Interior’s (DOI) secretary Deb Haaland, asking her to oppose two tribal casino projects in Solano and Sonoma counties. Sidestepping the Indian Gaming Regulatory Act Newsom argued the new constructions proposed by the Koi Nation of Northern California and the Scotts […]
