Betting

Inquest hears Kyle Hudson, who died aged 22, withdrew from betting accounts multiple times but received more than 300 inducementsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA young Melbourne man who took his own life after gambling more than $895,000 over four years was repeatedly drawn back to online betting platforms by targeted inducements, an inquest has heard.Coroner Paul Lawrie is investigating the circumstances and likely contributing factors to the death of Kyle Hudson, 22, including whether betting companies like Sportsbet, Entain and bet365 accurately assessed his risk of gambling-related harm. Continue reading...

The government’s response to the Murphy report is hardly dynamite. Harm advocates, gambling operators and advertisers are all waiting to see whether Labor’s rhetoric will be matched by action The Labor government decided to release its contentious, much-delayed response to Peta Murphy’s report on gambling on one of the biggest political news days of the year.They dropped it while the nation’s federal political journalists were trapped in budget lockup. Continue reading...

Coroner examines circumstances that led to 2021 death of Werribee man Kyle Hudson, who held multiple betting accountsGet our breaking news email, free app or daily news podcastA Melbourne man gambled $895,733 through online betting platforms in the four years between his 18th birthday and the day he took his own life, an inquest has heard.Victorian coroner Paul Lawrie’s inquest into the circumstances of Kyle Hudson’s death on 6 July 2021 began on Monday, and will interrogate whether betting companies accurately assessed the risk of gambling-related harm in the years prior to Werribee man’s death. Continue reading...

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.