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Illustration shows Polymarket logo

Nation Sep 24

New York sues prediction market Polymarket, calling it an unlicensed gambling operation that puts residents at risk

By Associated Press

Nation Aug 09

Tribal Gambling Watchdog Vacancy
Watchdog for $46 billion tribal gambling industry can't enforce the law without a chairperson

Tribal gambling brought in a record $46 billion in 2025, nearly triple the annual casino revenue of gambling powerhouse Nevada.

By Savannah Peters, Associated Press

Nation Jun 29

FILE PHOTO: Malik Beasley shoots the ball in a game in 2019 in Sacramento
Former players Malik Beasley, Ed Davis charged in NBA gambling scandal

Authorities say Beasley tailored his play while with the Milwaukee Bucks in 2024, based on bets on his performance, and others benefited, including Davis.

By Ed White, Associated Press

Nation Jun 09

Brendan Sorsby 3
Watch 5:49
Texas Tech ruling ignites debate on sports betting and gambling addiction

A judge’s ruling in Texas is sending shockwaves through college sports. Texas Tech quarterback Brendan Sorsby, who wagered $90,000 on sports games, was banned from the sport. But he and the school appealed, arguing he has a gambling addiction and…

By William Brangham, Ryan Connelly Holmes, Genesis Magpayo

Politics Apr 30

The U.S. flag flies in front of the dome atop the U.S. Capitol in Washington
Senate bans members and staff from betting in prediction markets

Prediction markets, including the betting platform Polymarket and its chief rival Kalshi, have come under scrutiny as the business has expanded.

By Mary Clare Jalonick, Associated Press

Apr 28

Ex-player Damon Jones first to plead guilty in basketball gambling sweep

By Michael R. Sisak, Associated Press

Former NBA player and assistant coach Damon Jones has become the first person to plead guilty in a gambling sweep that led to the arrests of more than 30 people.

Continue reading

Apr 16

Ex-NBA player Damon Jones expected to make 1st guilty plea in gambling sweep

By Michael R. Sisak, Associated Press

Jones had previously pleaded not guilty to separate indictments charging him with profiting from rigged poker games and providing sports bettors with non-public information about injuries to stars LeBron James and Anthony Davis.

Continue reading

Jan 12

A $400,000 payout after Maduro's capture put prediction markets in the spotlight. Here's how they work

By Wyatte Grantham-Philips, Associated Press

The commercial use of prediction markets has skyrocketed in recent years, opening the door for people to wage their money on the likelihood of a growing list of future events. But despite some eye-catching windfalls, traders still lose money everyday.

Continue reading

Nov 24

Portland Trail Blazers coach Chauncey Billups pleads not guilty in rigged poker games case

By Philip Marcelo, Associated Press

Billups, a five-time All Star who won a championship with the Detroit Pistons, was arraigned in a federal court in Brooklyn on money laundering conspiracy and wire fraud conspiracy charges, each carrying a maximum sentence of 20 years in prison.

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Nov 12

Watch 5:44
Indictment of MLB pitchers raises questions about impact of legal sports betting

By Stephanie Sy, Jackson Hudgins

Two Cleveland Guardians pitchers were charged with sharing inside information about their play with sports bettors. That information that enabled them and others to profit off the pitches they threw. It’s the latest in a series of gambling scandals surrounding…

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Full Episode
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