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Legal
November 26, 2024
Lawsuit Against Musk’s MAGA Sweepstakes Falls Apart
Philadelphia District Attorney Larry Krasner has dismissed the case against billionaire Elon Musk’s political action committee, America PAC. Krasner alleged that the pro-Trump PAC had conducted an illegal lottery during the 2024 presidential election, accusing it of violating state lottery laws. However, the newest development means the case will not reach the court. Musk’s Sweepstakes […]
Industry
November 5, 2024
Bet365 Gets Ready for Busy US Election Day
The outcome of the political battle between former President Donald Trump and Vice President Kamala Harris will finally be decided by the American people. As the citizens of the USA head to the polls, election bettors in the US and beyond remain fixated on the outcome. International betting operator bet365 has used the opportunity to […]
Industry
October 25, 2024
Elon Musk Halts Pro-Trump Sweepstakes After DOJ Warning
Elon Musk-backed pro-Trump group, America PAC, paused its highly questionable $1 million-a-day sweepstakes after a DOJ warning that the contest could be illegal. The lottery, targeting registered voters in swing states, had been giving away cash prizes each day since the announcement of the contest last Saturday, posting the winners across social media. The Lottery […]
Industry
October 11, 2024
Harris Enjoys a Narrow Lead in Nevada as the Presidential Race Heats Up
Vice President Kamala Harris has pulled ahead in Nevada’s closely contested race, leading former President Donald Trump by a slim margin, according to the latest polling by Emerson College, KLAS, and The Hill. Harris took 48.1% of the vote, while Trump trails closely behind with 47.3%. With less than four weeks remaining before the election, […]
Legal
September 20, 2024
No Ruling from Appeals Court in US Election Betting Case
Kalshi, the regulated exchange and prediction market platform that offers trading on the outcome of real-world events, was cleared to start offering “contracts” on political events last week. This came after a ruling by Judge Jia Cobb. However, Kalshi’s win was short-lived as the Commodity Futures Trading Commission (CFTC) filed an appeal with the Court […]
Industry
June 27, 2024
Sir Philip Davies, Latest Tory Allegedly Caught Up in Gambling Probe
Another day, another election betting scandal in the UK. Earlier in the week, it was announced that Welsh Parliament member Russell George was under investigation for an alleged bet on the timing of the general election. The politician became the fifth Conservative politician faced with inquiries by the Gambling Commission, the body responsible for licensing, […]
Legal
June 25, 2024
UKGC Investigates Another Conservative over Election Date Bets
Yet another British Conservative Party member is being investigated over potential insider betting. The investigation by the UK Gambling Commission (UKGC) comes amid a gambling scandal over Tory politicians placing wagers on political outcomes. The fourth Conservative Party administration member suspected of being involved in the scandal is its chief data officer, Nick Mason. Like […]
Industry
May 23, 2024
LVS Head Supports Dade Phelan Ahead of May Runoffs
Texas House Speaker Dade Phelan has secured financial backing from a variety of businesses, including the head of the casino juggernaut Las Vegas Sands. This money comes at just the right time as far-right competitors seek to remove moderates from the party. As the runoffs draw near, Phelan’s campaign secured significant backing from Miriam Adelson, […]
Industry
June 14, 2023
Cloudbet: Trump’s Indictment Results in Odds Movement
Ahead of the 2024 presidential elections, crypto sportsbook Cloudbet released interesting details regarding the odds of Ron DeSantis, Nikki Haley and Glenn Youngkin as a favorite to win the Republican Party nomination. The recent announcement comes after the June 8 indictment of former president Donald Trump. While there are more bettors showing support for Trump’s […]
Industry
April 26, 2023
PredictIt Users Trust Biden to Win the Upcoming Elections
Political bettors are putting their money behind Joe Biden to win the upcoming Presidential elections. While the incumbent President is yet to be officialized as the Democratic Party’s official nominee, he seems to be a likely choice. This news comes as President Biden announced his decision to fight for another four years in office. While […]