Author: Maisie Morrison

TLDR Dutch gambling trade group VNLOK has taken Meta to court in Amsterdam. VNLOK says Meta is failing its duties under the EU Digital Services Act on illegal gambling ads. The group says more than 90% of the Facebook gambling ads it reviewed came from illegal sites. VNLOK says Meta’s ad removal rate was 11% in May and 15% in June. The group has also asked the European Commission to investigate Meta separately. A Dutch gambling trade group has taken Meta to court over gambling ads on its platforms. The group, VNLOK, filed a court summons with the Amsterdam court…

TLDR Loyola University Chicago offers an undergraduate course on sports betting and prediction markets. The class covers the business, regulation and ethics of gambling in US sports. Illinois requires bettors to be 21, while Kalshi and Polymarket often allow users from age 18. Research links wider access to betting with riskier gambling behavior and mental health concerns. Loyola also helps host the annual Latine Problem Gambling Conference. Loyola University Chicago is offering an undergraduate course that studies how sports betting and prediction markets affect the US sports industry. The class is run by the university’s Quinlan School of Business. The…

TLDR A self-excluded Pennsylvania bettor lost more than $25,000 trading on Kalshi. He had gone bankrupt in 2023 after building up about $75,000 in gambling debt. Most of his losses came from short-term bitcoin price contracts, some lasting only 15 minutes. Kalshi is federally regulated, so state self-exclusion programs do not apply to it. Kalshi says it is a financial exchange, not a sportsbook, and blocked his account after repeated requests. A Pennsylvania man who had banned himself from gambling sites lost more than $25,000 trading on Kalshi. His case is raising new questions about prediction markets and gambling harm.…

TLDR Turkey’s Football Federation referred 448 club officials to its disciplinary committee over betting. Trabzonspor’s president and Besiktas’s vice president are on the list. Current and former Galatasaray officials and three former Fenerbahce officials were also named. A day earlier, the head of Turkey’s refereeing body and six others were arrested in a separate graft probe. It was not immediately clear if the two cases are connected. Turkey’s Football Federation has referred 448 club officials to its disciplinary board over alleged betting. The officials are accused of placing bets while holding roles at their clubs. The announcement came a day…

TLDR A California whistleblower suit claims card breaks on Fanatics Live and Whatnot are unlicensed lotteries. The suit includes 18 plaintiffs in at least 11 states who spent from a few hundred dollars to more than $4 million on breaks. Fanatics Live bans spins and raffles but allows random team breaks run through its own tool. Four breaker businesses have sued TikTok and Fanatics, citing bans tied to “allegations of gambling.” No US state regulator has ruled on whether card breaks count as gambling. Fanatics Live, the livestream shopping platform owned by Fanatics, tells sellers it “prohibits gambling.” Its rules…

TLDR Galaxy Research studied 2.9 million retail Polymarket accounts and found 69.2% finished below break-even. Retail accounts lost a combined $338.9 million, while automated accounts left out of the study made $246.8 million. Sports specialists had the worst win rate at 25.1%, compared with 41.2% for technology and science traders. Traders quit at a rate of 15.2% after a loss, compared with 6.1% after a win. The median retail account lost about $3. Most retail traders on Polymarket are losing money, according to a new report from Galaxy Research. The study looked at 2.9 million accounts and found that 69.2%…

TLDR 64% of Gen Z respondents would use AI chatbots for help with debt, compared with 69% of Millennials. The survey was conducted by National Debt Relief and Wakefield Research. 53% of Gen Z and 63% of Millennials feel more comfortable discussing money problems with a computer. 65% of Gen Z respondents said they gamble to help deal with their debts. The share drops with age: 49% of Millennials, 39% of Gen X, and 19% of Boomers. Young Americans are turning to AI chatbots for help with debt and budgets, according to a new survey. The poll was conducted by…

TLDR Amanda Czarny, 36, of Valparaiso, Indiana, faces a Level 6 felony charge of cheating at gaming. She allegedly tried to cash a $1,393 sportsbook ticket at Blue Chip Casino in Michigan City on September 18. The ticket’s owner had already been paid through the casino’s lost-ticket process. Surveillance video showed Czarny with the ticket holder before she returned alone to redeem it. A glass pipe fell from her vehicle, and she was arrested Tuesday before posting bond. A 36-year-old Indiana woman faces a felony charge after investigators say she tried to cash a winning sports betting ticket that had…

TLDR New Hampshire’s Senate passed online casino bill SB 104 by a narrow 13-11 vote. The bill now moves to the Senate Finance Committee for review. About 35% of net online casino profits would fund community college scholarships. Supporters estimate revenue of $5 million in year one, rising to $30 million by year three. Charitable gaming venues and Churchill Downs oppose the bill over lost revenue concerns. New Hampshire has moved a step closer to legal online casinos. The state Senate passed Senate Bill 104 on a narrow 13-11 vote. The bill now heads to the Senate Finance Committee. The…

TLDR 24 casinos in Cambodia ended their online gambling services after the September 30 deadline, the CCTC said. 12 of the casinos are in Preah Sihanouk, 7 in Banteay Meanchey, and 5 in Svay Rieng. Stopped services include livestreamed gaming, football betting, online lotteries, and sporting bird competitions. Authorities have revoked 18 casino licenses and suspended 9 more in separate scam-linked investigations. Officials say monitoring will continue and casinos that break the ban could face legal action. Twenty-four casinos in Cambodia have stopped their online gambling services following a September 30 deadline set by authorities. The Commission for Combating Technology-enabled…