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Category: Opinion
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Struggle Over $100M+ In Betting Taxes Intensifies With POINTS Act
A legislative struggle over the taxes sportsbooks pay to the federal government is gaining steam. At stake are the lives of tens of millions with problem gambling or an at-risk relationship with gambling, along with their friends and family. On March 10, a bipartisan group of lawmakers announced the filing of the POINTS Act, which…
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Sports Betting Self-Exclusion Extraordinarily Low, Report Shows
Few online sports betting players use self-exclusion, despite surveys suggesting high rates of problematic play. A 2026 report from a state in the U.S. said nearly 300,000 online sportsbook patrons did an account “cool off” lasting for at least three days, while fewer than 500 made a more serious commitment to self-exclusion for at least…
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Prediction Markets Are The New Online Poker—Not Sports Betting
The ongoing prediction market boom is more like online poker in the mid-2000s than the sports betting gold rush following the famous 2018 Supreme Court ruling. The reason has to do with the strategic, peer-to-peer component. Like poker, most users lose over time on a prediction market platform that charges fees. However, for a minority…
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Bank Executive Says ‘No. 1 Financial Villain Is Gambling Addiction’
Online gambling is surging across the U.S., drawing urgent warnings from financial experts. Jill Castilla, CEO of Citizens Bank of Edmond in Oklahoma, shared her perspective in a social media post on Feb. 18. “In my two decades in banking, the No. 1 financial villain is gambling addiction,” she said. “It’s ruined companies, trusted relationships,…
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Prediction Markets Don’t Need Much Investigative Journalism | Opinion
In prediction markets—federally approved betting platforms—the conflicts of interest are blatant. Some may call it run-of-the-mill, in-your-face corruption. Much of the investigative journalism on these platforms is quickly becoming moot. Sure, it can be interesting and useful to learn the sordid details on how these new betting sites operate and the scandalous activity of the…
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