How America Became a Nation of Legalized Vices and What It Costs Us
Once-forbidden behaviors like marijuana, gambling, and pornography are now mainstream in America, fueled by digital access and relaxed regulations. St...
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Kalshi Faces $22 Billion Valuation Challenge in Massachusetts Court Over Sports Betting Classification
Kalshi, a prediction markets platform valued at $22 billion, argued before the Massachusetts Supreme Judicial Court on May 4 that its sports-related '...
Study Reveals Most Americans Lose Big in Prediction Market Gambling Boom
A Wall Street Journal analysis shows that 67% of profits on Polymarket go to just 0.1% of accounts, while casual users lose heavily to professionals a...
How Legalized Gambling and Changing Demographics Are Reshaping the American Sports Bar
Sports bars face decline as legalized gambling and shifting cultural trends challenge their traditional model. Industry experts discuss the evolving r...
NBA's Inside Information Problem Highlighted by Jayson Tatum's Knee Injury Ahead of Game 7
The NBA faces scrutiny over potential misuse of inside information after Jayson Tatum's sudden knee injury before Game 7 of the 76ers-Celtics playoff...
Mike Vrabel's Patriots Future in Doubt: Prediction Markets React to Coaching Uncertainty
Prediction markets Kalshi and Polymarket show growing skepticism about Mike Vrabel remaining as the New England Patriots' head coach. With Vrabel's od...
NBA, NFL, MLB Unions Urge CFTC to Ban Betting on Player Underperformance
Professional sports unions representing NBA, NFL, MLB, NHL, and MLS players have petitioned the CFTC to prohibit prediction market platforms from allo...
Warren Buffett: Sports Betting Is a 'Tax on Stupidity' — Here’s Why
Legendary investor Warren Buffett has called sports betting a 'tax on stupidity,' arguing it disproportionately harms lower-income individuals while i...
Prediction Markets vs. Sportsbooks: Why Gambling Addicts See No Difference
Former sports bettors turned to prediction markets like Kalshi and Polymarket, only to relapse into destructive gambling habits. Clinicians warn that...
Damon Jones Pleads Guilty in NBA Gambling Scandal: First Conviction in High-Profile Case
Former NBA player and assistant coach Damon Jones has become the first to plead guilty in a major NBA gambling scandal. Jones admitted to using inside...
Senate to Hold Hearing on Sports Betting Integrity Next Month
Congress is set to address the unregulated growth of the sports betting industry with a Senate hearing on integrity in sports next month. The hearing...