betting

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NBA Chief on Scandal: 'Pit in My Stomach'

Adam Silver addresses arrests, indictments over gambling-related charges

(Newser) - In his first public comments since the arrests of Portland coach Chauncey Billups and Miami guard Terry Rozier on gambling-related charges, NBA Commissioner Adam Silver said Friday night that he was stunned by the indictments that have rocked the league . "My initial reaction was I was deeply disturbed,"...

In Gambling Bust, a Fishy NBA Injury Is a Highlight

Terry Rozier allegedly tipped off bettors he would leave a game early

(Newser) - One of the big names implicated in the FBI's sprawling gambling bust this week is Miami Heat guard Terry Rozier. Here is how one specific allegation played out in the brave new world of sports gambling, where bettors can wager on pretty much every aspect of a particular game:...

Why NHL Games Suddenly Feel Like Casinos

Gambling ads are flooding sports broadcasts, especially for hockey

(Newser) - If this year's Stanley Cup finals seemed like one big sportsbook ad, you're not wrong. The hockey fans watching the six games between the Florida Panthers and Edmonton Oilers in June were hit with a gambling ad or logo as often as every 13 seconds, reports the Guardian ...

Young Gambler Came So Close to Turning $13 Into $270K

His parley bet needed Edmonton Oilers to win Stanley Cup

(Newser) - The Florida Panthers beat the Edmonton Oilers in Game 6 Tuesday night, crushing the Canadian team's hopes of winning its first Stanley Cup in decades—and 24-year-old Drew Hirschman's hopes of winning $270,000 on a $13 bet. His longshot five-game DraftKings parley involved championship wins for five...

They Figured Out How to Scam the Texas Lottery—Legally

Zeljko Ranogajec, others figured out that if you buy up every number combination you can still make bank

(Newser) - If you forked over your hard-earned cash to play the lottery in Texas in the spring of 2023, you may be a little torqued at what you're about to read. The story out in the Wall Street Journal is about "the Joker"—aka John Wilson, formerly known...

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...

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