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Kalshi has responded to a smear campaign run by the group FairPredicts by launching a new advocacy group, Americans for Fair Markets (AFM). The company said the group will defend against the gaming industry's lies about prediction markets.
FairPredicts has been running an ad campaign with the tagline "Kalshi Lies". Kalshi sent the group, which has not revealed i...
In The Big Short, Michael Burry, played by Christian Bale, made investors $2.69 billion by shorting subprime mortgages. The real figure made by Burry was around $700 million.
Hedge fund managers have found a new cash cow: the gambling industry. This year alone, traders have made $2.3 billion taking short positions against Flutter, DraftKings, and Entain.
FanD...When a payment fails on Amazon, most of us would agree it’s annoying. When a payment fails on an iGaming platform, that same glitch can set off alarm bells.
Maybe it’s a stalled deposit. Maybe a payment option customers are familiar with is missing. Maybe a player clears one identity check, then gets caught up in another before withdrawing their winnings.
...
Spain and Indonesia have declared prediction markets as gambling, banning leading platforms from operating in the countries.
In Indonesia, the country has banned Polymarket, while Spain has blocked access to both Polymarket and Kalshi.
Spain's Ministry of Consumer Affairs issued an order on Tuesday to block the websites, which it says offer gambling servi...
After underperforming the broader markets consistently over the last month, gaming stocks saw some recovery last week. The Roundhill Sports Betting & iGaming ETF, which invests in a basket of gaming companies, rose 1.17% last week, slightly ahead of the 0.88% rise in the S&P 500 Index.
Skillz and Genius Sports were among the major gainers last week, while...