Indonesia has taken a firm stand against online prediction markets, specifically targeting Polymarket, which lets users bet on events like elections and sports using cryptocurrency. The government argues that these platforms operate like online gambling, which is illegal in the country. Instead of f
The NCAA’s top officials have stepped up their warnings about gambling, saying it hurts young athletes. In a recent interview, the president said that betting on college games is “incredibly abusive” for students. He pointed out that when fans bet on a player’s performance, the athlete can feel pres
A business major in Madison has turned his news‑reading hobby into a $110, 000 side hustle by betting on what will happen in elections and speeches. He is one of many who use online sites where people trade on real‑world outcomes, such as sports and politics. These platforms say they are not casinos
A former baseball star now waits for his fate after legal troubles linked to illegal gambling. Federal prosecutors recently asked a court to send him to prison for 18 months. They also want him to pay a $55, 000 fine and serve three years on probation. The prosecutors claim this punishment fits his
A quarterback for the University of Cincinnati’s football team was caught breaking NCAA gambling rules last season. Now, the school faces accusations of knowing about it—and yet, no one at UC is talking. Reports from major news outlets suggest the university was aware, but UC keeps quiet. If they di
Polymarket is one of the new betting sites where people guess what will happen next, from elections to sports. A recent study looked at 1. 6 million users and found a surprising split. The top 0. 1 percent of accounts earned 67 percent of all the money made on the platform. Most participants, howev
Brendan Sorsby, the quarterback who moved from Cincinnati to Texas Tech, has found himself in a legal whirlpool that could decide his future on the field. The NCAA is looking into whether he placed bets while he was a student‑athlete, a rule that can permanently bar players from competing. Sorsby ha
Texas is looking closely at online prediction markets that let people bet on everything from sports outcomes to election results. State leaders worry these platforms might be sneaking past gambling laws while risking public harm. Critics say the real danger isn’t just losing money – it’s the way the
Giuseppe Manzi, once jailed for running a gambling and loansharking network in Springfield, now faces new charges in an illegal sports‑betting scheme that stretched from Indiana to Massachusetts. The federal indictment names 22 people, including Manzi under the alias “Joe Polozzo, ” as part of a gro
Sports betting has grown into a massive industry in recent years, with billions flowing through legal markets. But few people understand just how one-sided this game really is. Even billionaire investors like Warren Buffett have called it "a tax on stupidity, " a harsh way of saying most people lose
