Category: Prediction Markets
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Washington Gambling Addiction Group Leaves NCPG Over Kalshi
The Evergreen Council on Problem Gambling, a leading gambling addiction advocacy group in Washington, has left the National Council on Problem Gambling over the Kalshi deal. According to an eight-page letter obtained by GamblingHarm.org, ECPG withdrew its NCPG membership effective Sept. 17, 2026. Its withdrawal follows similar actions taken by the Michigan Gaming Control Board,…
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Billionaire Says Prediction Markets Akin To Drugs
David Booth, who founded a firm now managing more than $1 trillion in assets, said prediction markets and their gambling offerings are a bad idea, comparing them to drug use. In an op-ed for the Financial Times, Booth, 79, wrote: “I feel about prediction markets the way I feel about drugs — they’re probably not…
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Acclaimed TV Director Slams Gambling Ad As ‘Trash And Theft’
Doug Ellin, creator and director of the hit HBO series Entourage, which aired over a decade ago, said a new gambling ad was content “theft” from the series. Ellin responded to a new gambling advertisement from the Jake Paul-backed Betr, also calling it “trash.” The ad featured cameos from former Entourage stars Adrian Grenier and…
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ESPN Served Subpoena In ‘Illegal’ Prediction Market Investigation
ESPN, the controversial sports and gambling network, was served a subpoena this week in Connecticut as part of the state’s investigation into prediction-market gambling. Kalshi advertising has appeared during ESPN’s U.S. Open tennis coverage through the courtside signage visible during matches. The Disney-owned network, based in Bristol, Connecticut, was among 15 media organizations to receive…
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US Tennis Group Pushed To End Kalshi Gambling Partnership
A leading national gambling-reform group is urging the United States Tennis Association to end its new partnership with prediction market platform Kalshi before the US Open Finals. In August, Kalshi announced a multi-year partnership with the USTA, becoming the exclusive partner of the US Open beginning with the 2026 tournament. Stop Predatory Gambling, based in…
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