Kalshi, Polymarket lobby as insider trading, betting eyed by Congress
[ad_1] With proposals to rein in prediction markets proliferating through the halls of Congress in recent weeks and months, Kalshi — one of the biggest players in the booming industry — went on defense. The New York-based platform launched an ad campaign throughout Washington, rolling out mint-green spreads on billboards, bus shelters and inserts in […]
Polymarket removes wagers on U.S. service member rescue mission in Iran
[ad_1] Polymarket removed a forum related to the rescue mission of U.S. military servicemembers amid political pressure, the latest sign of mounting scrutiny around prediction markets. U.S. and Iranian military forces are searching for a missing American airman after its F-15E fighter jet was shot down over Iran on Friday. One crew member has been […]
MrBeast’s company fired video editor after Kalshi accused employee of insider trading
[ad_1] NEW YORK — Beast Industries fired a MrBeast video editor this week following accusations of insider trading by the prediction market operator Kalshi. Kalshi announced last month that a user who traded about $4,000 on streaming markets related to MrBeast videos with “near-perfect” success turned out to be an employee of Beast Industries who […]
More young men contacting Ontario gambling helpline, new study finds | Globalnews.ca
[ad_1] The rate of young men contacting Ontario’s mental health helpline for gambling-related problems has increased by more than 300 per cent after the province allowed private online gambling, a new study suggests. The researchers behind the study published in the Canadian Medical Association Journal on Monday say the findings represent a need for stronger […]