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Industry
November 18, 2024
Kalshi Plans for Bigger Future Following Election Triumph
The recent US Presidential Election, which resulted in a resounding win for the former president, Donald Trump, attracted bets in billions across different platforms in the country. Kalshi Plans to Exponentially Grow Its Offering Trading contracts platforms such as Kalshi and Polymarket indicated a record surge in demand and interest in betting on the election. […]
Legal
November 14, 2024
FBI Raids Polymarket CEO’s Home amid Illegal Betting Investigation
In a dramatic early morning operation, federal agents raided the New York apartment of Polymarket CEO Shayne Coplan, seizing his phone and electronic devices. The raid happened at 6 am on Wednesday, as Coplan, 26, was awakened by FBI agents who demanded he surrender his electronics. Though Coplan wasn’t arrested, such action further strains Polymarket’s […]
Business
November 11, 2024
DraftKings Considers Political Betting in the Wake of the Election
The US presidential elections are now over, cementing Trump’s return to the White House. Sports betting giant DraftKings is already looking far ahead, eyeing political betting opportunities for the next election. A Very Different Framework In a conference call, the company’s chief executive officer, Jason Robins, acknowledged the intense political betting activity. He called non-sports […]
Sports
November 8, 2024
Streamer’s Chummy Bet on Trump Pays Off $660,000
Adin Ross, the popular Kick streamer who shifted to the platform after a rift with Twitch, a competitor streaming platform, has made news again by winning $660,000 by betting on Donald Trump to become the 47th President of the United States. Adin Ross Secures Huge Payday from Trump Bet Declaring a sweeping victory on Tuesday, […]
Industry
November 8, 2024
Kamala Harris Presidential Bid Costs $1.37B on Ads Alone
Public filing by the campaign of Vice President Kamala Harris has revealed that the presidential hopeful spent as much as $2.3 billion on her campaign leading up to November 5’s election. Although running a fairly short campaign, Harris’ media expenses had soared, as the Vice President sought to quickly secure ground in crucial battleground states. […]
Industry
November 7, 2024
ANJ Could Hit Polymarket with Ban Over Gambling Concerns
Popular prediction market platform Polymarket could be facing a potential ban in France amid gambling concerns. L’Autorité Nationale des Jeux (ANJ), France’s National Gambling Authority, which is responsible for regulating all forms of gambling within the country, has also raised legal concerns over Polymarket as significant bets on political outcomes have put the platform under […]
Sports
November 7, 2024
Sportsbooks More Accurate Than Polls in Predicting US Presidential Election Winner
Traditional electoral science is under threat of being outsmarted by sportsbooks, who have, once again, proven to be the savvier and more perspicacious analysts of the US Presidential Election in 2024. Established and respected pollsters such as Nate Silver, The New York Times, and FiveThirtyEight, not to mention The Economist, all gave the election a […]
Sports
November 7, 2024
Bookmakers List US Presidential Betting Odds for 2028
With the latest round of elections now concluded in the United States, and Donald Trump and his running mate, JD Vance, bound for the White House next year, sportsbooks have not wasted any time, listing the odds for the 2028 election. Kalshi Already Posting Odds for Next US Elections Anyone who is keen to get […]
Sports
November 7, 2024
Election Betting Frenzy Poised for Major Payout After Trump Victory
Countless gamblers who bet on the US presidential election now cannot wait to get their hands on huge payouts from online betting sites after Donald Trump’s surprise win. Gambling websites expect to give out about $450 million in total. But some lucky winners might have to hold on for a bit before they can grab […]
Sports
November 6, 2024
US Influencers Promote Betting on Polymarket Despite Ban
Polymarket, a prediction market platform that is decentralized, is getting US-based social media influencers to push election betting. Influencer Marketing Efforts Persist Despite Federal Betting Restrictions on Polymarket This has been happening even though federal rules do not allow Americans to place bets on the site. People with influence on platforms like Instagram are putting […]
