Prediction markets began in the 1980s as an academic research tool at the University of Iowa. The aim was to see if collective wisdom could predict political outcomes more accurately than traditional polling. This idea appears to have merit: While polls viewed the 2024 U.S. election as a coin toss,[Read More…]
Tag: gambling
Adam Silver’s woeful mismanagement of NBA gambling partnerships
Earlier this week, Miami Heat announced that they are expected to waive Terry Rozier ahead of the National Basketball Association (NBA) playoffs. Rozier was arrested in October 2025 and charged with wire fraud conspiracy and money laundering conspiracy. As it is alleged, he manipulated statistical outcomes while telling associates to[Read More…]
Don’t bet on Montreal’s new casino
Loto-Québec recently announced its plan to install a mini-casino in the old 1909 Taverne Moderne, a three-storey building adjacent to the Bell Centre in downtown Montreal. The casino would include hundreds of slot machines, sports gambling terminals, and several poker tables. Jean-François Bergeron, the CEO of Loto-Québec, has stated that[Read More…]
Simplicity in concept, duplicity in design: The precarious state of daily fantasy sports
I have never purchased a lottery ticket, gone to a casino, or joined any online poker site. I can count on my fingers the amount of times I have made serious wagers with friends, and raffle tickets have always revolved around the spirit of charity rather than the thrill of[Read More…]