Category: Prediction Markets
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‘Godfather’ Of Sports Betting Calls Industry ‘A Little Bit Disturbing’
The unofficial “godfather” of U.S. online sports betting admits that the industry has become “a little bit disturbing.” Former New Jersey Gov. Chris Christie, who led efforts to overturn the Professional and Amateur Sports Protection Act of 1992, told The Philadelphia Inquirer that the industry’s growth since 2018 has been troubling. Legal online sportsbooks won…
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The Leopards Are Now Eating The NFL’s Face
The NFL says bets on so-called “prediction markets” sports-gambling platforms are ripe for corruption, insider trading, and manipulation, making them a match-fixing risk in NFL games. It’s a potentially enormous problem, as many fans already partake in the conspiracy theory that the NFL is rigged related to gambling. It’s also an historic “the leopards are…
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LeBron James Joins Polymarket In Controversial Gambling Role
NBA star LeBron James on Saturday announced a “partnership” with Polymarket, a controversial prediction-market gambling platform. James, who recently signed with the Philadelphia 76ers, also had a gambling partnership with DraftKings Sportsbook. His endorsement deal with DraftKings expired earlier this summer, a source told to Front Office Sports. DraftKings is a licensed sportsbook in Pennsylvania,…
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Texas’ Senate Race Is A Gambling Money Trainwreck
Is Kalshi influencing Ken Paxton? Is Las Vegas Sands influencing James Talarico? The stain of gambling money could play a role in a remarkably close race for the Senate in the Lone Star State. Either way you vote in Texas, you’re backing a candidate tied to—and potentially corrupted by—gambling interests. Gambling Money Flowing Paxton, the…
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An Epic Kalshi Collapse Won’t Be Bettable On Kalshi
Kalshi, the roughly $40-billion de facto online sportsbook that seeks to become a household name for all things speculation, reportedly won’t take bets on a potential Supreme Court ruling that could devastate its business model. The firm, which numerous state officials across the country have slammed as predatory sports gambling, offers stock-market-style betting through what…
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