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Author: Brian Pempus
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New York ‘Prediction Markets’ Bill Would Deal Massive Blow To Gambling Platforms
A bill in New York would deal a gigantic blow to so-called “prediction markets” — online platforms that take bets on a wide variety of real-world events, including sports. Under federal oversight, some of these platforms have seen skyrocketing valuations in the second half of 2025. Under the proposed New York legislation, A9251, prediction markets…
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Offshore Gambling Sites In DOJ Crosshairs
US Attorneys General call on DOJ to crack down on offshore gambling.
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Kalshi Gambling Addiction Risks, According to Massachusetts
Kalshi gambling addiction risks are many, according to the State of Massachusetts, a national public health leader. There are a growing number of stories of people saying they lost their savings on Kalshi. On Sept. 12, 2025, the state announced a lawsuit against Kalshi, a popular gambling platform that facilitates bets on sports. Massachusetts said…
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Is Google Quietly Helping NBA In Gambling Crisis?
The NBA has taken a massive reputational hit in recent weeks following the gambling-related federal indictments. “This is an illegal gambling operation and sports rigging operation that spanned the course of years,” claimed FBI Director Kash Patel at a scathing press conference. Last week’s Quinnipiac University Sports Poll showed public trust in the NBA has…
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Robinhood To Allow ‘Normal People’ To Gamble On Private AI Startups
Despite widespread concerns of an AI sector bubble, the stock gambling platform Robinhood said it plans to allow “normal people” in on the purportedly juiciest action. Robinhood CEO Vlad Tenev told the Financial Times that his company will give users the option to pour their money into privately held AI startups. Robinhood did not say…
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