Gambling

Gambling is the act of risking money or something of value on an uncertain event with the primary intent of winning additional money or goods. It involves betting on games of chance, sports outcomes, or other events where the result is determined by luck rather than skill.

Why it’s in the news: It is in the news due to a regulatory debate over whether prediction markets should be classified as gambling, and a high-profile influencer's financial collapse linked to gambling debt.

Latest on Gambling

• Finance or gambling? Prediction-market players push for regulatory clarity in Asia
• A senator tried to ban gambling on prediction markets—now she's a Kalshi lobbyist
• CFTC Proposes Rules to Say Prediction Markets Are Not Gambling
• U.S. CFTC seeks event contract definitions that may defy states' gambling claims
• Gambling influencer trades private jets for Grab driver job after running up $245,000 debt
• Kalshi loses again as judges rule prediction markets must obey gambling laws
• Vietnam police uncover online gambling ring with over $38.6M in transactions processed

Connections

4 entities linked to Gambling across the news graph.