gambling

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In Poker World, They Call What He Did 'the Run'

Legend has it that Archie Karas turned $50 into $50M, then lost it

(Newser) - Not every poker player makes headlines upon his death, but Archie Karas was no ordinary poker player. As PokerNews recounts, Karas drove to Vegas with $50 to his name in late 1992 and went on a streak now cemented into legend as "the Run." The Wall Street Journal ...

Trump Bettor Says He Spotted Flaw in US Polls
He Made $50M Betting on
'Neighbor Effect' in US Race
in case you missed it
Nov 10, 2024 2:50 PM CST

He Made $50M Betting on 'Neighbor Effect' in US Race

French trader explains what he saw as a flaw in US polls

(Newser) - One of the happiest people about the results of Tuesday's vote isn't a Republican—or even an American. Instead, it's a Frenchman known only as Theo, reports the Wall Street Journal . Theo, notes Business Insider , is on track to make about $50 million because he correctly bet...

Her Hunch 20 Years Ago Made Her a Billionaire
Her Hunch
20 Years Ago
Made Her
a Billionaire
longform
Oct 20, 2024 9:30 AM CDT

Her Hunch 20 Years Ago Made Her a Billionaire

Guardian profiles Bet365 founder Denise Coates, who knew gambling's future was online

(Newser) - Britain's richest woman didn't start out that way. As the Guardian reports, 57-year-old Denise Coates grew up as the daughter of a "moderately successful" businessman, and part of his business included brick-and-mortar betting parlors. In the early 2000s, Coates bet big that the future of gambling lay...

Court Says Betting on US Elections Can Resume

Startup Kalshi was blocked from taking bets on congressional races last month

(Newser) - Betting on the outcome of US Congressional elections can resume, at least temporarily, a federal appeals court ruled Wednesday. The US Court of Appeals for the District of Columbia Circuit dissolved an order it had previously issued that prevented New York startup company Kalshi from taking bets on which political...

Is It Time to Ban Sports Gambling Again?
Is It Time to Ban
Sports Gambling Again?
OPINION
Sep 24, 2024 4:22 PM CDT

Is It Time to Ban Sports Gambling Again?

Atlantic essay makes the case after 6 years of evidence

(Newser) - Back in 2018, the Supreme Court allowed states to legalize sports gambling . "Six years into the experiment, the evidence is convincing: Legalizing sports gambling was a huge mistake," writes Charles Fain Lehman in the Atlantic . It may be harmless fun for a lot of people, but far too...

Thinking of Betting on the Election? There's a Wrench

Appeals court temporarily freezes startup's ability to take in legal bets on November's outcomes

(Newser) - Just hours after it began, legal betting on the outcome of US Congressional elections has been put on hold by a federal appeals court. The Court of Appeals for the District of Columbia Circuit issued an order Thursday night temporarily freezing the matter until it can consider and rule on...

Rio de Janeiro's New Public Enemy: Claw Machines

Cops say they're games of chance because they're rigged, and thus illegal

(Newser) - Rio de Janeiro—already notorious for street muggings, corrupt politicians, ruthless militias, and Kalashnikov-toting drug traffickers—has a new public enemy: plushies. Or, more specifically, the joystick-controlled claw machines that dispense them. As the AP reports, Rio police on Wednesday carried out 16 search warrants targeting the machines that elicit...

Notre Dame Suspends Men's Swim Team for a Year

Review finds NCAA gambling violations; other teams not involved

(Newser) - Notre Dame suspended its men's swimming program Thursday for at least one year after an external review found members of the team violated NCAA rules by wagering among themselves on results of their competitions and failed to "treat one another with dignity and respect," the AP reports....

Betting Scandal Angers Sunak
Betting Scandal Angers Sunak
Jun 22, 2024 2:40 PM CDT

Betting Scandal Angers Sunak

Conservatives, especially, haven't shaken trust issues in UK

(Newser) - Rishi Sunak, who's trailing badly in polls ahead of the UK's July 4 snap election, really didn't need a scandal to complicate his campaign to remain prime minister. But Conservative Party candidates and others close to Sunak are being investigated on suspicion of placing bets on when...

MLB May Impose a Rare Lifetime Ban on Infielder
MLB Imposes a Rare
Lifetime Ban on Infielder
UPDATED
Jun 4, 2024 10:56 AM CDT

MLB Imposes a Rare Lifetime Ban on Infielder

Tucupita Marcano bet on his own team while he was out injured

(Newser) - San Diego Padres infielder Tucupita Marcano has become the Pete Rose of his day, and not in a good way. Major League Baseball on Tuesday imposed a lifetime ban on the 24-year-old over gambling, reports the AP . Coverage:
  • The bets: The league found that Marcano placed bets last season not
...

Slot Machine Told Her She Won $2.5M. Casino Said No
Slot Machine Told
Her She Won $2.5M.
Casino Said No
IN CASE YOU MISSED IT
May 25, 2024 6:00 AM CDT

Slot Machine Told Her She Won $2.5M. Casino Said No

Lawyer says he will file legal complaints against Bally's in Atlantic City

(Newser) - During a trip to Bally's Casino in Atlantic City at the end of February, Roney Beal says she'd put hundreds of dollars into a Wheel of Fortune slot machine when it suddenly "went off, says, 'you're a winner' and gold coins popped out." The...

Dave & Buster's Just Made Things a Bit More Interesting

Chain will allow adults to bet on arcade games through its app

(Newser) - Dave & Buster's is embracing betting. The arcade and restaurant chain has partnered with gamification services provider Lucra to allow loyalty members to places bets on arcade games like Skee-Ball and Hot Shots through its app. The technology, to be rolled out over the coming months, will be available...

Report: Ohtani's Ex-Interpreter Wants Plea Deal

Sources say Ippei Mizuhara may have stolen more than $4.5M from Dodgers star

(Newser) - The Los Angeles Dodgers and superstar Shoehei Ohtani might soon be able to put a major league gambling scandal behind them. Sources tell the New York Times that Ippei Mizuhara is in talks to plead guilty to federal charges in connection with the scandal. Mizuhara, Ohtani's longtime friend and...

For Baseball, What a Stunning Mess


For Baseball,
What a
Stunning
Mess
the rundown
Mar 21, 2024 11:50 AM CDT

For Baseball, What a Stunning Mess

Phenom Shohei Ohtani is embroiled in scandal involving his interpreter's gambling

(Newser) - Baseball fans are trying to make sense of the surprise scandal that enveloped one of the game's biggest stars on the very first day of the season. Shohei Ohtani of the Los Angeles Dodgers has not been accused of any wrongdoing himself, but the Japanese player's interpreter has...

This Could Be MLB's Biggest Gambling Scandal Since 1989

Shohei Ohtani's interpreter has been fired over alleged gambling, theft

(Newser) - Shohei Ohtani's interpreter and close friend has been fired by the Los Angeles Dodgers following allegations of illegal gambling and theft from the Japanese baseball star, the AP reports. Interpreter Ippei Mizuhara, 39, was let go from the team Wednesday following reports from the Los Angeles Times and ESPN...

Social Sportsbooks Open Virtual Gambling to Minors

And experts are growing concerned

(Newser) - After the Supreme Court lifted a federal ban on sports gambling in 2018, a flurry of new players in the online gambling space emerged. Among them were "social sportsbooks" that take bets using "virtual currency," reports the Washington Post . With loose age restrictions (most are rated for...

1 in 4 Americans Expected to Bet on the Super Bowl

Gaming group projects a record 68M people will partake

(Newser) - Nearly 68 million American adults—about 1 in 4—plan to bet on this year's Super Bowl, setting a record by a wide margin, according to the gambling industry's national trade association. Figures released Tuesday by the American Gaming Association include bets placed with legal outlets, as well...

This Gambling Bigwig's Salary Is Really Flush, Critics Say

Think tank slams Bet365 CEO Denise Coates' $280M as not being 'sensible or proportionate'

(Newser) - A billionaire gambling exec added to her bank account substantially last year, in a salary increase that has some pushing back. The BBC reports that Denise Coates, founder and CEO of the online gambling firm Bet365, saw a nearly $9 million paycheck bump in 2023, with her salary jumping to...

NHL Suspends Player Over Gambling
NHL Suspends
Player Over
Gambling
Oct 26, 2023 12:53 PM CDT

NHL Suspends Player Over Gambling

Ottawa's Shane Pinto did not wager on hockey games, the league says

(Newser) - The NHL suspended Ottawa Senators forward Shane Pinto for 41 games on Thursday, making the 22-year-old American the first modern-day player banned for sports gambling. The league said that the half-season ban was for "activities relating to sports wagering" and that its investigation found no evidence Pinto bet on...

ESPN May Be About to Enter 'Uncharted Waters'

Media giant, Penn Entertainment to launch 'ESPN Bet,' a sports betting app rebrand

(Newser) - You know ESPN the sports media giant. Now brace yourself for ESPN Bet, a rebranding of an existing sports-betting app owned by Penn Entertainment, which is paying $1.5 billion plus other considerations for exclusive rights to the ESPN name. The deal, announced Tuesday, could take Walt Disney Co.-owned...

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