Tag Archives: ReadWrite

Kalshi backed poll says Americans favor federal oversight of prediction markets amid state disputes

A new poll from the prediction market operator Kalshi shows that most Americans want access to prediction markets and would rather see them overseen by the federal government instead of state gambling regulators. The timing isn’t a coincidence. The results … Continue reading

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UK BGC chief warns gambling tax hike could push $11B to black market

The CEO of the UK’s Betting and Gaming Council has outlined a warning that £8.4 billion ($11.1 billion) in bets could go to the black market if the proposed tax hike goes ahead. On the heels of its warning about … Continue reading

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New York lawmaker moves to regulate prediction markets in new bill

A new bill from Assemblyman Clyde Vanel would give lawmakers the power and framework to regulate prediction markets in the state of New York. Vanel’s Bill A.B. 9251 was revealed on Friday (November 7) with the official purpose “to amend … Continue reading

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Four arrests made in Honolulu after illegal gambling investigation and raids

Four arrests have been made by the Honolulu Police Department between two raids as part of an illegal gambling investigation. Honolulu officers from the city’s Narcotics/Vice Division made four arrests after carrying out search warrants on two locations. The first … Continue reading

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SGLA launches new term ‘Social Plus’ for online sweepstakes games amid policy pressure

The Social Gaming Leadership Alliance (SGLA) has recategorized online sweepstakes games amid controversy around the gaming sector. A blog written by SGLA Managing Director Sean Ostrow has launched “Social Plus”, a new term for online sweepstakes games. The rebranding is … Continue reading

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What is microbetting? The rise of the fast bet and how it’s become commonplace

There’s no denying that the gambling industry is changing at a rapid pace, with new offerings being introduced on an almost daily basis by operators. One of those major changes includes the introduction and expansion of microbetting which moves away … Continue reading

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BetMGM launches leaderboard contest ahead of Vegas championship event

BetMGM has announced a leaderboard-style contest for players, which is tied to the Players Era Men’s and Women’s Championship. The ‘Players Era in Vegas Leaderboard’ has been launched and will run through November 9, with the contest rewarding 25 winners … Continue reading

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Optimism returns as US Gaming Industry reports strong Q3 2025 growth despite economic uncertainty

The United States’ Gaming Industry Outlook has a sense of renewed optimism in Q3 of 2025, as industry leaders are citing rising revenues and stronger balance sheets. “The Gaming Conditions Index indicates that real economic activity – measured by key … Continue reading

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Are prediction markets gambling? Growth blurs lines between finance and betting

Prediction markets used to be the quirky side dish of the internet. Maybe you placed a small bet on who’d win an election or whether a big tech merger would finally happen. Or maybe you were one of the many … Continue reading

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Police in South Korea bust $3.4 billion gambling ring based in the Philippines

South Korean law enforcement has made 14 arrests after a gambling ring based in the Philippines was uncovered in Gangwon province. The Gangwon Provincial Police Agency’s Criminal Investigation Unit reported on November 6 that it had busted those involved with … Continue reading

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