online gambling

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'Imagine a Sports Bar ... but Just for Situation Monitoring'

Crypto prediction platform Polymarket wants to open 'The Situation Room' in DC for just that purpose

(Newser) - Polymarket is hoping to turn doomscrolling into a night out. The crypto-based prediction platform says it plans to open a pop-up bar in Washington, DC, this weekend called The Situation Room, pitched as a sports pub-style venue where betting on global events will be the main attraction—think live X...

Arizona Isn't Letting Itself Be 'Bullied' by Kalshi

State's criminal charges allege prediction market enables unlicensed betting on sports, elections

(Newser) - Arizona just turned up the heat on the booming prediction-market business. The state's attorney general has filed the first-ever criminal case against Kalshi, accusing the New York-based platform of operating an unlicensed online gambling scheme that lets Arizonans wager on sports and elections without state approval, reports NPR . Sports...

Scam Inflated Streaming Data for Drake, Lawsuit Says

Filing links rapper's Stake.us promotion to illegal gambling

(Newser) - Drake's major deal with an online "social casino" is now at the center of a federal racketeering case that claims the site doubled as a backdoor for gambling and music-stream manipulation. A class-action lawsuit filed in Virginia last week accuses Drake, streaming star Adin Ross, and Stake.us...

YouTube, Tax Changes Leave Poker Pros Reeling

Tax changes, online restrictions, and state bans threaten future of pro, amateur gamblers

(Newser) - The world of poker is suddenly under fire from all sides, with new tax rules, state bans, and a YouTube crackdown threatening the livelihoods of professional players and reshaping how fans watch and play the game. The pressure is coming from three main fronts: a last-minute tax change buried in...

Her Hunch 20 Years Ago Made Her a Billionaire
Her Hunch
20 Years Ago
Made Her
a Billionaire
longform
Oct 20, 2024 9:30 AM CDT

Her Hunch 20 Years Ago Made Her a Billionaire

Guardian profiles Bet365 founder Denise Coates, who knew gambling's future was online

(Newser) - Britain's richest woman didn't start out that way. As the Guardian reports, 57-year-old Denise Coates grew up as the daughter of a "moderately successful" businessman, and part of his business included brick-and-mortar betting parlors. In the early 2000s, Coates bet big that the future of gambling lay...

Social Sportsbooks Open Virtual Gambling to Minors

And experts are growing concerned

(Newser) - After the Supreme Court lifted a federal ban on sports gambling in 2018, a flurry of new players in the online gambling space emerged. Among them were "social sportsbooks" that take bets using "virtual currency," reports the Washington Post . With loose age restrictions (most are rated for...

It Takes a Village (to Build Fake Cricket League, Scam Bettors)
In the World of Cricket,
a Peculiar Hoax
longform
Sep 24, 2023 3:50 PM CDT

In the World of Cricket, a Peculiar Hoax

'Sports Illustrated' explains how villagers in India created a fake tournament to scam bettors

(Newser) - A group of men in a remote Indian village put up a makeshift cricket stadium and managed to scam Russian online betters, at least for a while—a tale that reveals how far corruption and match-fixing runs in the "gentleman's sport" as well as online gambling. Sports Illustrated ...

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