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Gambling

All articles tagged with #gambling

Democrats push to ban prediction-market bets on elections, government actions, war, and sports
politics16 days ago

Democrats push to ban prediction-market bets on elections, government actions, war, and sports

A group of Democratic lawmakers introduced the STOP Corrupt Bets Act to ban prediction-market bets on elections, government actions, war, and sports, arguing such bets threaten democracy and invite corruption; the bill would expand restrictions, push gambling regulation back to the states, require a GAO study on insider trading, and follows Kalshi and Polymarket strengthening insider-trading protections.

via CNBC|
#gambling#kalshi#politics
Polymarket's DC pop-up turns a bar into a live odds room, glitches and all
power19 days ago

Polymarket's DC pop-up turns a bar into a live odds room, glitches and all

Polymarket took over a D.C. bar for a three‑day pop-up with real‑time feeds, dozens of screens and live odds on current events, from geopolitical scenarios to the fate of Powell. The event drew young professionals and journalists but suffered opening-night tech glitches, prompting discussion about the promise and ethics of prediction markets in 2026.

via The Washington Post|
#district-of-columbia-united-states#elections#gambling
Guardians Pitchers Clase and Ortiz on Unpaid Leave Amid Gambling Investigation
sports22 days ago

Guardians Pitchers Clase and Ortiz on Unpaid Leave Amid Gambling Investigation

MLB placed Cleveland Guardians pitchers Emmanuel Clase and Luis Ortiz on unpaid, non-disciplinary leave to begin the 2026 season as their gambling-related case advances; both were previously on paid administrative leave, indicted on multiple charges, with a trial delay potentially keeping them out for the season and shaping Cleveland’s payroll.

via MLB Trade Rumors|
#cleveland-guardians#gambling#indictment
From 11 to 21: How Online Gambling Hooked a Generation of Teens
health23 days ago

From 11 to 21: How Online Gambling Hooked a Generation of Teens

NBC News reports rising underage gambling risks, detailing cases like an 11-year-old who started with digital skins and a college student gambling 15 hours a day, to show how easy online betting has become for teens. The piece notes industry tactics, ad campaigns, and new platforms that normalize betting, and it highlights growing treatment needs and school or state-led prevention efforts as parents and educators struggle to address a problem that can lead to debt, neglect, and even thoughts of suicide.

via NBC News|
#addiction#gambling#health
Arizona accuses Kalshi of illegal election gambling in 20-count case
business25 days ago

Arizona accuses Kalshi of illegal election gambling in 20-count case

Arizona Attorney General Kristin Mayes filed a 20-count criminal complaint accusing Kalshi of operating an unlicensed gambling business and taking illegal bets on elections in Arizona; each misdemeanor carries a $10,000–$20,000 fine, and the action does not seek an immediate shutdown. Kalshi disputes the charges, saying it is federally regulated, and has begun lawsuits against Utah and Iowa to challenge state actions.

via NBC News|
#arizona#business#elections
Valve Defends Mystery Boxes as Non-Gambling in New York Loot Box Case
technology1 month ago

Valve Defends Mystery Boxes as Non-Gambling in New York Loot Box Case

Valve published a public response to New York Attorney General Letitia James’s lawsuit alleging that loot boxes in games like Counter-Strike 2, Dota 2, and Team Fortress 2 promote illegal gambling. In a steampowered.com post, Valve argues mystery boxes are not gambling, compares them to trading cards, notes it has shut down more than a million Steam accounts involved in gambling activities, and says it will comply with laws but rejected a deal with the NYAG that would hurt users and innovation. The post also disputes links between video games and real-world violence and maintains that the court will decide who is correct.

via Game Informer|
#gambling#mystery-box#nyag
Valve pushes back on NYAG suit over mystery boxes, defense hinges on transferable cosmetic items
technology1 month ago

Valve pushes back on NYAG suit over mystery boxes, defense hinges on transferable cosmetic items

Valve defends its mystery boxes in Counter-Strike 2, Dota 2, and Team Fortress 2 against a New York Attorney General lawsuit, arguing the items are cosmetic, transferable, and not illegal gambling. It rejects NYAG’s proposed restrictions—such as removing transferability and mandating invasive extra user data—while citing anti-fraud efforts (locking over a million accounts, trade protections) and noting it would only comply with future NY laws. A separate PRS music-rights lawsuit against Valve is also noted in the piece.

via GamesIndustry.biz|
#digital-items#gambling#loot-boxes
Valve Defends Loot Boxes, Draws Card-Pack Parallels in NY Lawsuit Response
news1 month ago

Valve Defends Loot Boxes, Draws Card-Pack Parallels in NY Lawsuit Response

Valve responded to the New York attorney general’s lawsuit by defending its loot boxes as cosmetic and likening them to real‑world card packs (baseball, Pokémon), arguing players can enjoy games without paying and noting steps taken to curb gambling on Steam; it also opposes transferring digital items and rejects a link between games and real‑world violence.

via Kotaku|
#counter-strike-2#gambling#loot-boxes
MLS enforces life bans after two players bet on matches, including their own teams
sports1 month ago

MLS enforces life bans after two players bet on matches, including their own teams

MLS banned Derrick Jones and Yaw Yeboah for life after an investigation found they gambled on soccer, including games involving their own teams (Jones and Columbus Crew; Yeboah and LAFC/Columbus), during the 2024–25 seasons. In one case, both bet on Jones to receive a yellow card in Oct. 2024, with allegations of sharing confidential information with bettors. MLS says there’s no evidence their bets affected match outcomes and continues its integrity program; Jones has since been released/recorded as part of the ban, while Yeboah has moved to Qingdao Hainiu in China. The league notes prior related actions and ongoing education on gambling rules.

via The New York Times|
#disciplinary-action#gambling#match-integrity
MLS bans Derrick Jones and Yaw Yeboah for betting on their own games
sports1 month ago

MLS bans Derrick Jones and Yaw Yeboah for betting on their own games

MLS handed Derrick Jones and Yaw Yeboah lifetime bans after an investigation found extensive betting on soccer, including on their own matches; one bet even predicted Jones would receive a yellow card. The players were on administrative leave from Oct 2025 as the review proceeded. Jones played for Columbus Crew in 2024–25, while Yeboah appeared for LAFC in 2025 before canceling his contract in January and moving to China. MLS previously suspended Felipe Hernández in 2021 for similar violations.

via The Guardian|
#betting#derrick-jones#gambling
New York sues Valve over loot-box gambling through Steam
policy1 month ago

New York sues Valve over loot-box gambling through Steam

New York Attorney General Letitia James filed a lawsuit against Valve, arguing its randomized loot boxes in games like Counter-Strike 2, Dota 2, and Team Fortress 2 amount to unregulated gambling, since players can resell valuable virtual items via the Steam Marketplace or third‑party sites; the suit also targets Valve’s cash‑out practices and seeks restitution, penalties, and changes to the loot‑box system.

via Ars Technica|
#gambling#loot-boxes#new-york