gambling

The Department of Justice has arrested a US soldier who allegedly made $400,000 from bets on the removal of Venezuelan leader Nicolás Maduro. The case raises questions about using insider knowledge for political prediction markets, and it is drawing attention as Venezuela remains under intense international scrutiny.

Brazilian President Luiz Inácio Lula da Silva signed a ban on sports betting sites on Friday, targeting the 'bets' that have become the biggest sponsors of the country's football clubs. The move comes just nine days before a fiercely contested election in which Lula is seeking a fourth term, and is drawing criticism that the timing is politically motivated, while supporters frame it as a public health measure against gambling addiction.

Prediction market operator Kalshi is moving into sports betting, a shift that regulators and legal experts say could stretch the boundaries of what prediction markets are allowed to offer. The company argues its sports contracts are financial event trades, not gambling, but the approach is drawing scrutiny over whether these platforms can effectively operate like sportsbooks under looser rules.

Prediction market platforms are moving into US single-stock contracts, and regulators are raising concerns about the expansion. The development has drawn coverage from Reuters and regional outlets, with scrutiny focusing on whether these betting-style products on individual stocks should fall under tighter securities oversight. The debate touches on investor protection, market integrity and the blurred line between derivatives and gambling as prediction platforms broaden beyond election and event markets.

Brazilian President Luiz Inácio Lula da Silva is promoting a ban on popular betting, announced just days ahead of a closely contested election. The timing of the gambling crackdown has drawn attention, with observers weighing whether the move is aimed at protecting bettors or shoring up support before voters go to the polls in a race expected to be extremely tight.

Brazilian President Luiz Inacio Lula da Silva has announced support for a ban on popular betting, just days before a closely contested election. The timing has drawn attention, with observers questioning whether the move is aimed at winning over voters concerned about gambling's social impact ahead of the vote.

New York Governor Kathy Hochul and Attorney General Letitia James have announced a lawsuit against Polymarket, alleging the prediction-market platform is running an illegal gambling operation in the state. The action escalates regulatory pressure on prediction markets in the United States, where their legal status remains contested, and adds to Polymarket's ongoing scrutiny from regulators.

Critics of sports gambling have launched a movement aimed at putting limits on the rapidly growing industry. The effort, reported by public media outlets in New England, seeks to curb the expansion of legal sports betting through new restrictions. The campaign reflects mounting concern over problem gambling as sportsbooks have spread across the United States in recent years.

Brazilian President Luiz Inácio Lula da Silva has banned online gambling ahead of the country's presidential election, according to a BBC report. The move, announced on the same day the ban was enacted, is expected to become a talking point in the election campaign, with gambling regulation emerging as a live political issue in Brazil.

A large-scale leak known as Casino Secrets has revealed the inner workings of offshore gambling firms, according to The Guardian. The material is expected to shed light on how these companies operate across borders, including licensing, ownership and financial practices that have largely stayed hidden from regulators and the public.

President Lula's government has moved to ban online betting operations in Brazil, according to a Reuters report, with the decision coming as the 2026 reelection race tightens. The crackdown on the fast-growing sports betting and online casino sector is drawing strong reactions, with supporters framing it as a public health measure against gambling addiction and critics questioning its timing ahead of the election.

Courts have ruled against prediction market operator Kalshi in a further setback, with judges finding that its event contracts must comply with state and federal gambling laws rather than being treated solely as regulated financial instruments. The decisions add to Kalshi's mounting legal defeats as regulators and states challenge its expanding sports and event betting markets.

Brazilian football club Vila Nova Futebol Clube, from Goiás, has a new master sponsor. BYD, the Chinese electric vehicle maker, is replacing betting company Bet in the shirt deal. The move comes as Brazilian clubs increasingly swap gambling sponsors for automakers and other mainstream brands, and it has drawn attention from sports marketing watchers.

The New York Yankees acquired pitcher Ryan Weathers in a move framed as a postseason gamble, with Yahoo Sports arguing the team took on real risk by relying on the young left-hander for October. Coverage focuses on whether Weathers can deliver in high-leverage playoff innings.

Flutter Entertainment has disclosed in an SEC filing that it will cease its sports betting and iGaming operations in Brazil as of September 25, 2026. The filing confirms the gambling group's planned withdrawal from the Brazilian market on that date. Further details about the reasons behind the decision or its financial impact have not been disclosed in the available information.

A federal court has ruled that prediction market operator Kalshi is subject to Tennessee's gambling laws in relation to its sports event contracts. The decision means the company cannot treat its sports offerings as federally regulated derivatives exempt from state gambling regulation, and it could shape how states oversee sports prediction markets and similar platforms operating nationwide.

A reporter has tested the player-protection measures that DraftKings, one of the largest US sports betting operators, says it has in place to guard against problem gambling. The findings are prompting discussion about how effective self-exclusion tools, deposit limits and identity checks really are, and whether regulators should tighten requirements on the fast-growing online betting industry.

An NFL insider report lays out the latest league chatter heading into the trade deadline: the Dallas Cowboys are described as making a gamble on pursuing Steelers cornerback Joey Porter Jr., while alternative theories circulate about Rams receiver Puka Nacua's situation. Commanders quarterback Jayden Daniels also features in the reported discussion. The piece compiles what sources are saying as deadline speculation intensifies across the league.

A growing group of sports bettors says disciplined, data-driven wagering is a form of investing rather than gambling, with some attempting to build long-term wealth from their bets. They argue that education, statistical analysis and bankroll management separate them from casual gamblers. Critics typically question whether consistent profits are realistic given the bookmakers' built-in edge.

Gaveta has released a video essay exploring the mental health of online creators, examining the statistics behind burnout and pressure in the industry, the political dimensions of platform work, and gambling's role in creator finances. The piece is drawing large engagement, with nearly 200,000 likes, as audiences respond to a frank discussion of the human cost of being a content creator.

D. Todd Christofferson, a senior leader of the Church of Jesus Christ of Latter-day Saints, has spoken out against all forms of gambling and called on church members to stop betting. The address, reported by The Salt Lake Tribune, reaffirms the church's long-standing opposition to wagering and directs members to abandon the practice entirely.

A new analysis examines the cybersecurity trade-offs of open-source and open-weight AI models. It argues that freely available model weights lower the barrier for attackers to probe systems for vulnerabilities, while also letting defenders audit and harden models themselves. The piece frames adoption as a calculated gamble: openness accelerates innovation and transparency but expands the attack surface, forcing security teams to weigh the benefits against the risks.