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Author: Brian Pempus
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Canadian Sportsbook PointsBet Could Close Over NBA Bets
Canadian gambling regulators are threatening to shut down an online sportsbook, accusing it of failing to prevent and report suspicious NBA bets. The Alcohol and Gaming Commission of Ontario announced that it plans to suspend PointsBet Canada’s online gambling registration for five days. The regulator charges PointsBet with failing to monitor, detect, document, and report…
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Will Prediction Markets Drive More People to Pay for News?
A new Pew survey reminds me of what I knew: Few Americans pay for news. They dislike doing so and always have free options. Last year, only 16% paid for news by subscription, membership, or donation. Tough for writers. This makes me wonder: Could the rise of U.S.-facing prediction markets—gambling platforms for news events—drive higher…
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Michigan Seeks $192m In Additional Online Gambling Taxes
Michigan stands to collect an additional $192.8 million in online gambling taxes under the governor’s executive budget recommendation released Feb. 11. Gov. Gretchen Whitmer, a Democrat, aims to raise revenue by updating Michigan’s online casino tax structure. The plan includes imposing higher rates on top operators and modifying free-play deductions. She wants to direct additional…
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Nostradamus In Your Pocket: Prediction Markets Leverage Record Dread
The leading U.S.-facing prediction markets with 11-figure valuations claim they are the closest thing we have to a crystal ball. Who wouldn’t want a Nostradamus app? The rapid rise of these platforms comes at a time when people in the U.S. are more anxious about the future than they’ve been in at least a generation,…
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Gambling Site Polymarket Takes Guthrie Kidnapping Bets
The gambling website Polymarket has enabled betting related to the disappearance of NBC host Savannah Guthrie’s mom, Nancy. After the FBI released surveillance footage of the suspect wearing a mask and gloves, Polymarket hosted a market in its “politics” section on whether the suspect would be caught by the end of February. This market is…
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