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Tag Archives: ReadWrite
NYC snowfall sees millions of dollars traded on prediction markets
The recent snowstorm in New York City surprisingly led to Kalshi’s largest climate-related market, according to a report, but not everyone is happy with the outcome. It also comes just weeks after Polymarket declined to pay out on bets about … Continue reading
Hawaii lawmakers introduce bill that would ban prediction markets
The House Bill 2198 has been introduced in Hawaii, which would see prediction markets be included in the definition of gambling, making them banned in the US state. The summary of the bill reads as: “Includes prediction markets in the … Continue reading
Problem gambling found to be higher among those exposed to gambling as children
The Gambling Authority of Ireland (GRAI) has found that problem gambling is much more likely amongst people who were exposed to gambling as children. The study, which was conducted by the ESRI’s Behavioural Research Unit, found that rates of problem … Continue reading
Third Amarillo cockfighting figure sentenced in federal gambling investigation case
A third individual linked to an Amarillo cockfighting ring has been sentenced as part of a wider gambling investigation. A custodial jail term was imposed on Salvador Sanchez Chávez, 49, after the case led by United States Attorney for the … Continue reading
Iowa Senate shelves bill to ban smoking on casino gaming floors
A bill that would have banned smoking on casino gaming floors in Iowa didn’t go anywhere this week, after a Senate subcommittee voted to shelve the proposal indefinitely. The legislation, Senate File 2051, was introduced as “An Act relating to … Continue reading
Catawba Nation announces it has filed for state recognition in North Carolina, with a casino soon to open
The Catawba Nation Chief, Brian Harris, has taken to social media to share the latest vision for the federally recognized tribe in South Carolina. Harris starts by sharing the new introductions and improvements before noting that, unlike South Carolina, “believe … Continue reading
Gemini Titan has filed a self-certification with the CFTC for “time-interval prop bets”
Gemini Titan, which was co-founded by the Winklevoss twins, has notified the Commodity Futures Trading Commission that it plans to offer ‘time-interval prop bets.’ In the electronic submission, the company states its intention to list “Will the [points] recorded in … Continue reading
Amazon founder Jeff Bezos denies Polymarket post made about his alleged advice
Amazon’s founder Jeff Bezos has taken to social media to reply to a post from Polymarket, saying it’s been made up. On January 22, the prediction market Polymarket posted on X saying: “JUST IN: Jeff Bezos advises aspiring Gen Z … Continue reading
Fanatics sportsbook bets on Kendall Jenner in debut Big Game commercial
Fanatics Sportsbook is betting on Kendall Jenner with the launch of its first ever Big Game commercial and Jenner’s first Big Game advertising campaign, titled Bet on Kendall. The campaign marks the first production from the recently launched Fanatics Studios, … Continue reading
Novig has applied for approval to become a CFTC-regulated prediction market exchange
The founders of the sports prediction market company Novig have applied for approval to become a CFTC-regulated prediction market exchange through the entity Ludlow Exchange LLC. The company has requested confidential treatment of its submitted exhibits and materials, with a … Continue reading