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Emergence of High-Interest Loans Alongside Legal Gambling Spells Recipe for Trouble in Brazil

November 20, 2024 | By: Robyn McNeil

The imminent launch of legal online gambling in Brazil comes at a risky time because it coincides with the emergence of high-interest microloans. Though regulated markets are safer than the alternative, the opening of new markets typically leads to a temporary uptick in gambling. Throwing predatory lending practices into the mix threatens to create a perfect storm […]

Ted Olson, Lawyer Who Won Case Overturning PAPSA, Dead at 84

November 20, 2024 | By: P. L. West

Former U.S. Solicitor General Ted Olson, who successfully argued the Supreme Court case overturning the Professional and Amateur Sports Protection Act (PASPA), died last Wednesday at the age of 84. Olson’s work on the PASPA case laid the groundwork for the wave of sports betting expansion across the US and, indirectly, the online casinos that […]

Gambling Harm is More Than Just Clinically-Defined ‘Problem Gambling,’ Argues Lancet Public Health Commission

November 18, 2024 | By: Robyn McNeil

A recent report from The Lancet’s Public Health Commission on Gambling argues the gambling industry understates the social harm of gambling by emphasizing the low rate of clinically disordered gambling and ignoring other forms of harm. The esteemed medical journal’s new report suggests our focus on individual responsibility in response to ‘problem gambling’ likewise minimizes […]

FBI Raids Polymarket CEO’s Residence Following Lucrative Electoral Betting Season

November 15, 2024 | By: Dave Bontempo

Federal authorities’ raid of the home of Polymarket CEO Shayne Coplan Wednesday might be concerning to DrafKings and any other US companies thinking of getting into the business of gambling on election outcomes. The FBI raided Coplan’s downtown New York home, seizing his phone and other electronics. It highlights the volatile atmosphere presently surrounding political futures markets—commonly […]

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