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Author: Brian Pempus
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Former NBA Agent’s MGM Gambling Debt Case Moves Forward
Protect yourself at all times in a casino. The Nevada Current reported that a Californian man scored a legal win in his years-long court fight against MGM, one of the world’s largest casino companies. The case involves millions of dollars in gambling losses while allegedly under the influence of drugs and alcohol. Judge says MGM’s…
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Arizona Hits Kalshi With Criminal Charges Over ‘Illegal Gambling’
Arizona Attorney General Kris Mayes has filed criminal charges against Kalshi, accusing the company of operating an illegal gambling business in the state without a license and taking prohibited bets on elections. The 20-count criminal information names KalshiEx LLC and Kalshi Trading LLC, the companies behind the prediction markets platform. Arizona alleges that Kalshi accepted…
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Minnesota Could Jail Prediction Market Operators Under New Bill
A new bipartisan bill in Minnesota is arguably the most restrictive proposal in the U.S. to date regarding prediction markets. Rather than regulate prediction markets, Minnesota would criminalize them. In December, bill sponsor Sen. John Marty (40, DFL) told GamblingHarm.org that a bill was in the works. “We must stop prediction markets from taking over…
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Is Bet365 Sportsbook Addictive?
Online betting sites like Bet365 are highly addictive for many users, due to app design and the nature of gambling itself.
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House-Money Effect In Sports Gambling Raises Risks, Study Finds
The house-money effect applies to online sports gambling, as a new study measured how much bettors raise their stakes after a win. “On days following a win, bettors also increase the size of their stakes by 41.1%, suggesting a house-money effect in which recent gains are perceived as disposable,” wrote researchers. The Australian paper, published…
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