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fromwww.theguardian.com
1 week ago

Gambling is easy, right? Wrong: it turns out betting on sport is designed to disturb you | Barney Ronay

Nearly everyone is losing money, a club executive is quoted as saying, presumably while dressed in a suit made entirely from gold leaf, bitcoin shavings and vintage parmesan cheese.
Poker
Poker
fromArs Technica
2 weeks ago

Sports bets on prediction markets ruled to be "swaps," exempt from state laws

The CFTC has not prohibited sports-related event contracts despite having the authority to review them under the Dodd-Frank Act.
#sports-betting
more#sports-betting
Chicago Cubs
fromBleacher Nation
3 weeks ago

Should I Use AI to Help Me with Sports Betting? - Bleacher Nation

AI can analyze sports data quickly and without bias, but it lacks the ability to understand human factors influencing games.
Chicago Cubs
fromBleacher Nation
3 weeks ago

Should I Pay for a Tool That Finds Me Arbitrage Bets? - Bleacher Nation

Arbitrage betting tools help identify profitable betting opportunities across multiple sportsbooks, ensuring guaranteed profits regardless of event outcomes.
#prediction-markets
Poker
fromDefector
1 month ago

It's Gambling | Defector

Prediction markets like Kalshi function identically to sports gambling despite claiming to be neutral transaction platforms, and Arizona's AG filed criminal charges against Kalshi for operating an illegal gambling operation.
more#prediction-markets
Intellectual property law
fromReadWrite
1 month ago

CFTC advisory sports prediction markets a 'pragmatic shift' - expert

The CFTC's new advisory signals pragmatic openness to regulating sports prediction markets rather than prohibiting them, contingent on court determinations of legality.
fromThe Atlantic
1 month ago

'If You Win One Penny, You're in the Top 2 Percent of Bettors'

From Plato to Charles Barkley, great minds have warned about the destructive power of gambling. The way societies have usually managed the vice is to cordon it off. It's legal, but contained to disreputable places, such as red-light districts, riverboats, and Nevada. This was true in much of the United States until 2018, when a Supreme Court ruling opened the door to legalized sports betting nationwide.
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