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Showing posts with the label POLYMARKET & KALSHI

Congress targets online gambling boom, including sportsbooks and prediction markets

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  Congress targets online gambling boom, including sportsbooks and prediction markets by MATT GALKA | The National News Desk Tue, May 19, 2026 at 2:31 PM auto 640x360, 1041kbps 854x480, 1241kbps 1280x720, 3511kbps 0.25x 0.5x normal 1.5x 2x 7 VIEW ALL PHOTOS NEW YORK, NEW YORK - NOVEMBER 02: Fans walk past BetMGM signage featuring Wayne Gretzky prior to the game between the New York Rangers and the Carolina Hurricanes at Madison Square Garden on November 02, 2023 in New York City . (Photo by Bruce Bennett/Getty Images) WASHINGTON (TNND) —  Congress is set to scrutinize the rapid growth of online gambling this week, from traditional sportsbooks to emerging prediction market platforms, amid bipartisan concerns about fairness and integrity. Texas Tech University quarterback Brendan Sorsby is the latest high-profile case of an athlete involved in a betting scandal. Sorsby checked himself into a treatment program and admitted to placing small bets on his former team, the Indian...

New York Times

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  Elissa was featured in a recent article for the New York Times. It talks about the recent phenomenon of "prediction markets" and political insiders profiting off non-public information. We've included the article below. Thank you for taking a few minutes to read up on this issue and what Elissa is doing about it. NYT: Trump Says He Dislikes Prediction Markets. His Family Invests in Them. When a U.S. soldier was indicted on Thursday on charges of using classified information to place prediction market bets, it seemed to confirm President Trump’s lament just hours before that “the whole world unfortunately has become somewhat of a casino.” “I was never much in favor of it,” Mr. Trump said from the Oval Office, when asked about concerns that federal employees might be leveraging insider information on the prediction markets. “I don’t like it conceptually. It is what it is. I’m not happy with any of that stuff.” Yet Mr. Trump and his family stand to profit from the very sa...

Trump Blurts Out Damning Iran Admission as MAGA Turns Harshly on Him

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    Today:  " Podcast:  Trump Blurts Out Damning Iran Admission as MAGA Turns Harshly on Him " Plus, the  Supreme Court  has abandoned all pretense;  Polymarket  and  Kalshi  are turning war into another racket;  James Talarico  can win the Texas Senate seat; and more...     The Supreme Court Has Abandoned All Pretense For the court’s conservatives, the only consistency is their inconsistency. Still, things rather conspicuously keep going the GOP’s way. By Matt Ford   Military Leaders Say Iran War Is So Trump Can Bring About "Armageddon" Troops have logged more than 110 complaints about such comments with the Military Religious Freedom Foundation. By Ellie Quinlan Houghtaling Read now   The Republican Meltdown Over Iran Is Just Beginning Right-wing criticism of Trump’s war has mostly come from familiar MAGA cranks like Steve Bannon and Tucker Carlson. But it could quickly spiral out of control. By Alex ...