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Gambling

All articles tagged with #gambling

NCAA Denies Sorsby Reinstatement, Texas Tech QB Seeks 2026 Injunction
college-football7 hours ago

NCAA Denies Sorsby Reinstatement, Texas Tech QB Seeks 2026 Injunction

The NCAA has denied Texas Tech QB Brendan Sorsby’s 2026 eligibility request as he completes a 35-day inpatient rehab for gambling addiction and pursues a temporary injunction to play this season while the NCAA investigation into his gambling activities (2022–25) continues. A June 1 hearing is set for the injunction, with the June 22 NFL Supplemental Draft deadline looming. Sorsby’s lawsuit, filed in Lubbock County, seeks to expedite the investigation; he has enlisted antitrust lawyer Jeffrey Kessler. The case follows reports of Sorsby’s betting on Indiana in 2022 and a late-April leave of absence, against NCAA guidelines that could lead to permanent loss of eligibility for gambling-related activities.

Valve argues Steam loot boxes are not gambling, framing them as free speech
technology4 days ago

Valve argues Steam loot boxes are not gambling, framing them as free speech

Valve has moved to dismiss the New York attorney general’s case accusing Steam loot boxes of illegal gambling, arguing that randomized rewards are purchased with virtual currency with no real cash value and should be protected as free speech; the memo emphasizes the aesthetic nature of skins, the integrated role of loot boxes in game design and development funding, and warns that criminalizing loot boxes could chill videogame design, while acknowledging ongoing related lawsuits.

Sorsby’s Injunction Dilemma Could Shape His NFL Path and the League’s Flag Football Push
sports7 days ago

Sorsby’s Injunction Dilemma Could Shape His NFL Path and the League’s Flag Football Push

Brendan Sorsby’s bid for an injunction amid NCAA gambling allegations could allow him to play and preserve his 2026 Texas Tech deal if granted; if denied, the NFL supplemental draft becomes likely. The piece also covers the NFL’s flag football expansion plan, its overseas growth, the new approach to bidding for major events (Super Bowl LXIV and the 2028 draft), EverPass, the Cincinnati Bengals’ OTAs, and a speculative football comparison to Victor Wembanyama.

Texas Tech QB Sorsby ruled ineligible, pursuing NCAA reinstatement for 2026
sports8 days ago

Texas Tech QB Sorsby ruled ineligible, pursuing NCAA reinstatement for 2026

Texas Tech declared starting quarterback Brendan Sorsby ineligible amid an NCAA gambling investigation and filed for reinstatement for the 2026 season; Sorsby reportedly wagered thousands of bets across multiple apps since 2022, including on college football and UFC, and has filed a lawsuit against the NCAA. If he cannot return, Will Hammond, who is returning from ACL injury, could start early in 2026, with Tulsa transfer Kirk Francis available as needed.

Sorsby seeks court order to reinstate NCAA eligibility for Texas Tech's 2026 season
sports8 days ago

Sorsby seeks court order to reinstate NCAA eligibility for Texas Tech's 2026 season

Brendan Sorsby has filed a Texas state-court lawsuit seeking a court order to reinstate his NCAA eligibility for Texas Tech’s 2026 season, arguing the NCAA is hypocritical on gambling and delaying reinstatement causes irreparable harm; the NCAA maintains its rules on betting on one’s own team and has not yet received a reinstatement request, while Sorsby—who is in inpatient treatment for gambling addiction—had admitted betting on Indiana; the suit requests a June 15 hearing and notes that a ruling could advantage Texas Tech in the local court.

Trump-Linked War Bets Spark Insider-Trading Questions Over Polymarket and Kalshi
politics8 days ago

Trump-Linked War Bets Spark Insider-Trading Questions Over Polymarket and Kalshi

A Bubblemaps analysis finds nine anonymous Polymarket accounts earned over $2.4 million across more than 80 bets tied to U.S. military actions and Trump-era decisions (including Maduro’s capture and Iran timing), with a 98% win rate—sparking concerns about insider trading on prediction markets and prompting a White House warning that using nonpublic information for financial gain is illegal; Polymarket says it flags suspicious activity and cooperates with investigations, while Trump Jr. is an investor through 1789 Capital, underscoring the politics-tech crossover.

Poll: NBA Players Trust Integrity Yet Flag Tanking and Gambling Risks
sports19 days ago

Poll: NBA Players Trust Integrity Yet Flag Tanking and Gambling Risks

An anonymous NBA player poll by The Athletic finds that about 75% believe the league’s integrity isn’t in danger and roughly 72% view tanking as a minor issue, even as gambling investigations and a high-profile Clippers salary-cap controversy loom; players favor rule and scheduling changes—like fewer back-to-back games or tougher defense rules—over addressing gambling or tanking, and they offered ideas they’d pursue if they ran the NBA.

Tatum Knee Case Stirs Debate on Inside Information in the NBA
sports22 days ago

Tatum Knee Case Stirs Debate on Inside Information in the NBA

Six hours before Game 7, the Celtics added Jayson Tatum to the injury report for a knee issue and he didn’t play, spotlighting how non-public injury information can influence games and betting risk. The piece ties this to a broader inside-information problem in the NBA, cites a recent guilty plea by Damon Jones over mishandling such information, and argues for tighter limits to protect public integrity, while warning the NFL to watch for similar gambling-related issues.

Texas weighs tightening prediction-market rules as federal oversight looms
politics25 days ago

Texas weighs tightening prediction-market rules as federal oversight looms

Texas Lt. Gov. Dan Patrick directed lawmakers to explore closing so-called gambling loopholes that allow online prediction markets (Kalshi, Polymarket) to operate in Texas, amid fears of manipulation of elections and sports outcomes. However, any state move faces federal resistance since the CFTC claims exclusive authority and has sued states attempting to regulate these markets. The story details a growing clash between state efforts and federal preemption, with Kalshi enforcing penalties on candidates who bet on their own races and opponents warning of gambling harms, while supporters push for robust federal regulation and consumer protections. Texas has been slow to act, and Patrick’s push for 2027 recommendations leaves the issue in limbo as courts and Congress weigh tighter controls over prediction markets. Meanwhile, traditional sportsbooks like DraftKings and FanDuel have rolled out related prediction-market features in Texas, underscoring a broader national debate over governance and oversight.

Senators Move to Bar Themselves from Prediction Markets
politics25 days ago

Senators Move to Bar Themselves from Prediction Markets

The Senate unanimously voted to ban its members and Senate staff from participating in prediction markets amid scrutiny of insider-trading concerns tied to bets on elections and other events. Introduced by Sen. Bernie Moreno, the ban targets platforms like Kalshi and Polymarket and aims to address ethics in Congress; the House is not included in the ban.

Sorsby Gambling Case Highlights Risks of Online Bets for College Athletes
sports25 days ago

Sorsby Gambling Case Highlights Risks of Online Bets for College Athletes

Texas Tech QB Brendan Sorsby faces NCAA scrutiny for allegedly gambling on his own team in 2022 and other online bets, a violation that could end his college career; with online gambling booming, coaches like Kirby Smart and Nick Saban warn about educating players to resist the lure, while the NFL's supplemental draft pathway appears unlikely.

First Guilty Plea Sparks New Chapter in NBA Gambling Probe
sports27 days ago

First Guilty Plea Sparks New Chapter in NBA Gambling Probe

Damon Jones pleaded guilty to two counts of conspiracy to commit wire fraud in a federal gambling case, admitting he provided non-public NBA information to bettors and helped recruit participants for rigged poker games; prosecutors say the inquiry also involves Terry Rozier, who is facing possible new charges, with Jones's sentencing scheduled for January while Rozier's case proceeds.