Key takeaways Crypto.com’s new “OG” mobile app is marketed as a social “prediction market.” OG plans to let users borrow money to increase bet sizes with margin trading. Margin can amplify financial losses in emotion-driven sports betting. OG launched as the CFTC signaled support for new sports betting rules. Some states have
‘Destruction’: Nebraska Problem Gambling Funding Could Be Cut
Key takeaways Nebraska reports a nearly $500 million budget shortfall. To save money, the state could eliminate a problem gambling agency. The state could also cut problem funding as a share of casino taxes. The Nebraska Council on Problem Gambling opposes the legislation. Bills to slash problem gambling support are LB1071 and
Gambling Website Dangles Grocery Money In Marketing Ploy
A controversial gambling app will give some New Yorkers grocery money. The dystopian stunt comes amid a city cost-of-living crisis. Kalshi, a so-called prediction market, said Monday that it will cover $50 worth of food items at the WestSide Market in NYC at a special event on Tuesday. According to the New
Opinion | With NYC Casino Projects, Progressive Politicians Expose Their Hypocrisy
In New York City, Las Vegas-style casinos—two in Queens and one in the Bronx—are coming during a crisis. Ask any local politician what the number one issue on the ballot is for the 2026 election cycle, and they’ll give you the same answer: affordability. New Yorkers overwhelmingly turned out in 2025 to
My Doomscrolling Addiction Is Why I Avoid Prediction Markets
For more than a decade, I’ve had periods of addiction to consuming negative news content on social media—typically through Twitter. This is commonly called doomscrolling. I’ve had trouble sleeping; I’ve deactivated and reactivated my Twitter (now X) account countless times; I’ve heard phantom notifications. I justified my doomscrolling by my career as