The Internal Revenue Service (IRS) still has not said whether Americans trading World Cup contracts on prediction platforms should pay tax as …
Gambling
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Finance
Americans lost hundreds of billions on crypto speculation. Why is only some of it considered gambling?
by shayaanby shayaanAmericans are on pace to lose more money on legal gambling this year than at any point in the country’s history. A …
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A rare criminal hit on a gambling influencer A district court in North Savo, Finland, on June 18 convicted Jouko “Pottukoira” Kärkkäinen, …
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Scams
Pokémon Card Sales Are Surging on Crypto Platforms—Just Don’t Call It Gambling
by shayaanby shayaanIn brief Monthly sales for tokenized Pokémon cards skyrocketed over the past year, fueled by a wave of speculative demand surrounding trading …
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Regulation
CFTC proposes framework favoring sports event contracts over gambling
by shayaanby shayaanThe US Commodity Futures Trading Commission (CFTC) has proposed new rules for prediction markets, signaling that sports event contracts are generally not …
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Regulation
Crypto rails made prediction markets global, gambling laws may make them local again
by shayaanby shayaanSouth Korean police opened the country’s first illegal gambling probe into domestic Polymarket users on Jun. 5, targeting residents who placed bets …
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Regulation
Gaming Industry Warns Prediction Markets Have Cost States Over $1 Billion in Gambling Taxes
by shayaanby shayaanThe rapid expansion of prediction markets has sparked a fresh dispute between gambling operators and financial regulators across the United States. Casino …
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Regulation
Argentina Sends Online Gambling and Crypto Payment Bill to Congress
by shayaanby shayaanArgentina’s national government has sent a new bill to Congress aimed at preventing gambling addiction and regulating online betting platforms. The proposal …
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Markets
Indonesia blocks Polymarket, calling prediction market online gambling in disguise
by shayaanby shayaanAuthorities stated that using crypto or blockchain doesn’t change platforms that let users wager on uncertain outcomes from being gambling products. www.coindesk.com
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Regulation
South Korean Regulator Scrutinizes Polymarket for Possible Gambling Violations
by shayaanby shayaanSouth Korea’s Broadcasting and Communications Deliberation Committee has launched a review of Polymarket, the blockchain-based prediction market platform, to determine whether its …