A new bill introduced in the Senate Monday would ban prediction markets like Kalshi and Polymarket from accepting or listing transactions related to sports events and casino-style games. The bill, co-sponsored by Senator Adam Schiff, D-Calif., and John Curtis, R-Utah, is the first bipartisan legislation introduced in the Senate targeting the rise of sports betting … Read more
WASHINGTON — WASHINGTON (AP) — Rahm Emanuel, a potential 2028 Democratic presidential candidate, is proposing a far-reaching ban on betting in prediction markets by federal employees and their families as part of an effort to call attention to what he says is a culture of corruption gripping the nation’s politics. The proposal, which Emanuel shared … Read more
Hooked at age 11 When Malek decided to share his story, he initially focused on high schoolers — but he’s now increasingly booked for middle schools. Kurt Freudenberg was just 11 when he started gambling, trading valuable “skins” — cosmetic upgrades used in video games — for digital currency he could use to bet on … Read more
A Ukrainian drone technology startup saw the most explosive U.S. stock market debut in the last year during its first day trading on Nasdaq. Shares in Swarmer, whose software enables single pilots to control hundreds of drones at once, soared over 700% before closing at $31 on Tuesday. The company, based in Austin, Texas, but … Read more
The lawsuit filed includes 20 counts including illegal gambling and betting on Arizona elections. Arizona law prohibits wagering on elections, as well as operating a gambling business without a license. Source link