betting

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FBI Raids NYC Home of Betting Firm's CEO

Shayne Coplan calls development 'discouraging' after Polymarket correctly predicted a Trump win

(Newser) - Polymarket, the betting market that drew attention by correctly predicting a win by Donald Trump in the 2024 election, is now earning new headlines for a stickier reason. The New York Post reports that early Wednesday, the FBI raided the Manhattan residence of CEO Shayne Coplan, with a source telling...

Trump Bettor Says He Spotted Flaw in US Polls
He Made $50M Betting on
'Neighbor Effect' in US Race
in case you missed it
Nov 10, 2024 2:50 PM CST

He Made $50M Betting on 'Neighbor Effect' in US Race

French trader explains what he saw as a flaw in US polls

(Newser) - One of the happiest people about the results of Tuesday's vote isn't a Republican—or even an American. Instead, it's a Frenchman known only as Theo, reports the Wall Street Journal . Theo, notes Business Insider , is on track to make about $50 million because he correctly bet...

In the Betting World, a 'Mystery' Over Pro-Trump Wagers

Polymarket has seen a $30M 'wave' of Trump bets in recent days, from just 4 accounts

(Newser) - The self-proclaimed "world's largest prediction market" is going big on a Donald Trump win this election cycle, based on what the Wall Street Journal calls a "mystery $30 million wave of pro-Trump bets" that have proliferated in recent days. The paper reports that at the start of...

Court Says Betting on US Elections Can Resume

Startup Kalshi was blocked from taking bets on congressional races last month

(Newser) - Betting on the outcome of US Congressional elections can resume, at least temporarily, a federal appeals court ruled Wednesday. The US Court of Appeals for the District of Columbia Circuit dissolved an order it had previously issued that prevented New York startup company Kalshi from taking bets on which political...

Is It Time to Ban Sports Gambling Again?
Is It Time to Ban
Sports Gambling Again?
OPINION
Sep 24, 2024 4:22 PM CDT

Is It Time to Ban Sports Gambling Again?

Atlantic essay makes the case after 6 years of evidence

(Newser) - Back in 2018, the Supreme Court allowed states to legalize sports gambling . "Six years into the experiment, the evidence is convincing: Legalizing sports gambling was a huge mistake," writes Charles Fain Lehman in the Atlantic . It may be harmless fun for a lot of people, but far too...

Thinking of Betting on the Election? There's a Wrench

Appeals court temporarily freezes startup's ability to take in legal bets on November's outcomes

(Newser) - Just hours after it began, legal betting on the outcome of US Congressional elections has been put on hold by a federal appeals court. The Court of Appeals for the District of Columbia Circuit issued an order Thursday night temporarily freezing the matter until it can consider and rule on...

Dave & Buster's Just Made Things a Bit More Interesting

Chain will allow adults to bet on arcade games through its app

(Newser) - Dave & Buster's is embracing betting. The arcade and restaurant chain has partnered with gamification services provider Lucra to allow loyalty members to places bets on arcade games like Skee-Ball and Hot Shots through its app. The technology, to be rolled out over the coming months, will be available...

They Placed 180 Bets on 49ers Before the Season Even Started

California couple's wedding guests could earn $19 per $2 ticket if team wins the Super Bowl

(Newser) - At their wedding in September, Matt and Jessica Grime chose to convey their love for the San Francisco 49ers with their party favor. The South Lake Tahoe couple purchased $2 sports bets for the 49ers to win the Super Bowl for each of their 180 guests. "You bet on...

ESPN May Be About to Enter 'Uncharted Waters'

Media giant, Penn Entertainment to launch 'ESPN Bet,' a sports betting app rebrand

(Newser) - You know ESPN the sports media giant. Now brace yourself for ESPN Bet, a rebranding of an existing sports-betting app owned by Penn Entertainment, which is paying $1.5 billion plus other considerations for exclusive rights to the ESPN name. The deal, announced Tuesday, could take Walt Disney Co.-owned...

Drake Just Made a Huge Super Bowl Bet

Canadian rapper plunked down nearly $1M on the Kansas City Chiefs, playing the Eagles on Sunday

(Newser) - The sports betting machine is already in overdrive ahead of Sunday's Super Bowl matchup between the Kansas City Chiefs and Philadelphia Eagles, but one big bet in particular is making everyone put down their beer and wings. CBS Sports reports that Canadian rapper Drake has plunked down $965K on...

California Rejects Sports Betting Despite $600M Push
California Voters Say
No to Sports Betting
ELECTION 2022
Nov 9, 2022 2:21 PM CST

California Voters Say No to Sports Betting

Propositions 26, 27 promised tens or hundreds of millions in state revenue

(Newser) - The most expensive ballot proposition gamble in US history went bust Tuesday as California voters overwhelmingly rejected sports betting, shooting down initiatives to legalize sports gambling at tribal casinos and horse tracks or through mobile and online wagering. Native American tribes and the gaming industry raised nearly $460 million (see...

If the Astros Win It All, He'll Win a Staggering Amount

Jim McIngvale could walk away with the largest payout on a single legal sports bet

(Newser) - The Phillies are up 2-1 in the World Series, and there's probably one American who's hoping more than most that the tides change: a prolific Texas gambler with a knack for attention-getting bets, who stands to win nearly $75 million if the Houston Astros win the World Series....

Falcons Player Suspended for Betting on NFL Games

Calvin Ridley defends himself on Twitter

(Newser) - For endangering the integrity of the sport by betting on games, Atlanta Falcons wide receiver Calvin Ridley has been suspended by the NFL for at least the next season, the AP reports. Ridley won’t play in 2022 and there is no guarantee for the NFL future of the player...

Gambling Group Predicts Record-Breaking Super Bowl

Group says 31.5M expected to place bets

(Newser) - A record 31.5 million Americans plan to bet on this year's Super Bowl, according to estimates released Tuesday by the gambling industry's national trade group. The American Gaming Association forecasted that over $7.6 billion will be wagered on pro football's championship game set for Sunday....

They Bet on a Trump Win. Now They Want Their Money

Gamblers threaten legal action against betting sites, saying race shouldn't have been called for Biden

(Newser) - President Trump continues to push his claims of election fraud, and last week, he tried to support that narrative with a tweet tied to gambling, per Casino.org . "At 10:00 P.M. on Election Evening, we were at 97% win with the so-called 'bookies,'" he...

Vegas Bettors Bank Nearly $250K in 'Pure Theft'

Looks like the biggest 'past post' loss in Las Vegas history

(Newser) - Las Vegas bettors racked up nearly $250,000 in winnings last weekend in what might be the city's biggest sportsbook loss ever. The cause: an apparent manual-entry error that allowed people to bet on Korean and Chinese baseball games that had already started, the Las Vegas Review-Journal reports. "...

$500K Game of Rock, Paper, Scissors Goes to Court

Edmund Mark Hooper must be breathing a sigh of relief

(Newser) - Who loses $517,000 in a game of rock, paper, scissors? Canadian man Edmund Mark Hooper does, but he must be happy today: The Quebec Court of Appeal has ruled that his devastating 2011 loss—which forced him to remortgage his home to pay up—is null and void, Sky...

Against All Odds, Bettor Wins Stunning $2.2M

Someone turns 20-cent wager into a huge jackpot

(Newser) - A bettor at Gulfstream Park turned a 20-cent, six-race wager into more than $2.2 million Friday, the AP reports. Someone hit Gulfstream's Rainbow 6 on Friday, the first time that the total jackpot had been claimed for that wager since July 6. To win the entire jackpot, someone...

Tiger Woods' Stunning Win Cost Bookies Millions

One gambler won $1.2M

(Newser) - Tiger Woods' stunning Masters win in Georgia on Sunday was a great day for the golfer and for anybody who can't resist a good comeback story—but a lousy day for bookies. A customer betting with William Hill in Las Vegas won $1.2 million with an $85,000...

On the Line for Senators During NBA Finals: Booze

California, Ohio pols bet each other wine, beer as Warriors take on Cavaliers

(Newser) - With the Golden State Warriors and the Cleveland Cavaliers meeting for their f ourth straight NBA finals , senators from Ohio and California are keeping things interesting with a bet. California Sens. Dianne Feinstein and Kamala Harris have bet a case of California chardonnay and a case of beer from Anchor...

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