Betting

Prosecutors allege Gannon Van Dyke won $400,000 using insider information to bet on Maduro raid on Polymarket The US army soldier charged with winning $400,000 by using insider information to bet on the removal of ousted Venezuelan president Nicolás Maduro pleaded not guilty to fraud charges on Tuesday.Gannon Ken Van Dyke, 38, entered the plea in US district judge Margaret Garnett’s courtroom in Manhattan. Van Dyke sported a shaved head and wore a black blazer, jeans and brown shoes as he arrived to the courtroom with his lawyers, Zach Intrater and Mark Geragos. Continue reading...

The gambling crisis ‘demands a public health response’ and should be regulated like alcohol or tobacco, expert says Gambling addiction is spiraling “out of control” in the US, a leading campaigner for stricter guardrails has warned, as experts from around the world are set to gather in Boston to push for more regulation of the industry.The rapid expansion of online gambling, prediction markets and sports betting platforms, “demands a public health response”, according to Harry Levant, director of gambling policy at the Public Health Advocacy Institute (PHAI), urging policymakers to intervene. Continue reading...

Bill was introduced in the Senate on Monday as prediction market companies face greater scrutiny on state levelPrediction markets are facing fresh bipartisan scrutiny in the US Senate as companies like Kalshi and Polymarket continue to battle state-led efforts to regulate online betting.A bill was introduced in the US Senate Monday that would ban federally regulated platforms from allowing wagers on sporting events, what would be a huge blow to marketplaces where billions of dollars have been traded on major events like the Super Bowl and the NCAA’s March Madness. Continue reading...

Sports betting on March Madness 2026 games has surged 35% year-over-year, driven by expanded legal markets in 38 states, but experts warn of risks to underage bettors. NCAA reported over $2.5 billion in wagers during opening rounds, with a 25% increase among 18-24-year-olds. 'We're seeing addiction signs in college students,' said researcher Dr. Lia Nower. Regulators urge stricter age verification as tournaments progress to semifinals.

March Madness 2026 drives a massive increase in sports betting, considered the tournament's 'Super Bowl' alongside the NFL championship, with numerous games fueling wagers across U.S. platforms. While most states set the betting age at 21, a Wall Street Journal op-ed highlighted Gen Z college students facing addiction risks from gamified apps blurring entertainment and financial peril. Sportsbooks sponsor 87 teams in NFL, NBA, NHL, and MLB, while restricting consistent winners but rewarding VIP losers who generate 60-70% of revenue despite being 2-3% of bettors. Regulators in states like New York address these practices as tournaments peak.