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The Commodity Futures Trading Commission (CFTC) has shown leniency in a recent letter regarding predictions or officially termed “events” markets.
The move signals an opening for the prediction/event marketplace, made famous by the likes of Polymarket and Kalshi, a growing frontier of gambling which could contribute trillions to the American economy.
CFTC letter marks easing of restrictions on...
Welcome to the very first edition of Prediction Pulse, your weekly dive into what people are betting on, and the big numbers driving those wagers.
Why start this now, you ask? Well, unless you’ve been living under a rock, you’ve probably noticed that prediction markets like Kalshi and Polymarket are quietly reshaping the way we track public opinion. In fact, they’ve been stealing the spotlight...
A 37-year-old man from Widnes, in England, has been jailed for eight months after “seriously assaulting a staff worker and damaging several slot machines” at a casino.
The sentencing took place at the beginning of the month, on August 1, with the man found guilty of criminal damage, inflicting grievous bodily harm and the possession of a bladed article in public. There was a four-day trial at...
The Cache Creek Casino Resort, based in the Capay Valley in California, has issued a health notice after a case of contagious tuberculosis has been identified in the community.
The message has been shared “out of an abundance of caution” and “in alignment with guidance from the California Department of Public Health.”
“A case of contagious tuberculosis (TB) has been identified in our community....
The UK-based Betting and Gaming Council has released a strong statement rejecting the findings from a think-tank that urged the government to increase gambling tax.
The Institute for Public Policy Research (IPPR) called upon the government to significantly increase the tax as a means to reduce child poverty.
The report released by the IPPR suggests that there are options on the table for the...
The Harrah’s Cherokee Casino Resort in North Carolina has once again become the home of a major World Series of Poker (WSOP) contest as it hosts 18 WSOP Circuit ring events.
“This isn’t just a tournament…It’s 12 days, $5 MILLION in guarantees, and your shot at the gold ring,” the Caesars-operated casino resort exclaimed on social media.
The event kicked off on Thursday (August 7) and will run...
PENN Entertainment have seen overall revenues of $1.4 billion in Q2, but the quarter hasn’t been without its challenges as the company touches on the need for operational discipline.
Jay Snowdon, the CEO and President, is quoted in the latest report saying the results “include approximately $2.9 million in severance costs, incurred as part of strategic workforce adjustments that drive...
Former NBA star Gilbert Arenas has been arrested in connection with a federal indictment tied to an alleged high-stakes gambling ring, which has now brought attention to a 2023 murder in the Hollywood Hills.
The indictment follows the investigation into the execution-style killing of 39-year-old Emil Lahaziel, who was shot in the face outside a luxury home on Fareholm Drive in the early hours of...
Ecuador President Daniel Noboa has paved the way for the reintroduction of casinos and gaming halls, as part of a wide-ranging referendum on key issues surrounding gambling for the South American nation.
The leader insists the gambling activity will be limited to five-star hotels, with a 25% tax levy applied to fund social programs, including school meals and child malnutrition.
In a detailed...
The Cayuga Nation has won a key legal battle after a federal judge ruled that its lawsuit against New York State over gaming rights can move forward.
The Nation claims the state has been running unauthorized gambling operations, with the case centering on the use of Class III gaming, including lottery machines and terminals for Powerball and Mega Millions, on tribal land without consent or legal...