Watch 10:16
How social casinos leverage Facebook user data to target vulnerable gamblers
Every year, more people are playing games on their phones, and a category of apps called social casinos has quickly become a multi-billion dollar industry. But are game developers targeting vulnerable users, with Facebook’s help and massive trove of personal…
Inside Atlantic City’s boom and bust
In 1976, Atlantic City, NJ -- long an iconic seaside resort and home to a legendary boardwalk -- became the first location outside Nevada to legalize casinos. But by 2014, four of Atlantic City’s twelve casinos had closed, costing nearly…
Watch 8:43
Why online daily fantasy sports are mostly a loser’s game
With 57 million players in North America alone, daily fantasy sports have exploded over the last year; sites like Fanduel and Draftkings have earned billion-dollar valuations. But whether it’s a form of gambling or a game of skill has come…
New York’s fantasy sports showdown: What happens next?
NEW YORK — New York Attorney General Eric Schneiderman sent letters Tuesday to fantasy sports companies DraftKings and FanDuel saying he considered their daily contests to be illegal gambling. He threatened legal action unless they stop accepting play from New…
The two leading companies of the multi-billion dollar fantasy sports industry are under scrutiny from New York's attorney general, who has declared they should not be able to operate in that state since they constitute illegal gambling. William Brangham learns…
Regulators in Nevada have become the first to rule that betting on daily fantasy sports sites like FanDuel and DraftKings are gambling. They have ordered the companies to cease operating in the state until they obtain gambling licenses. In our…
Boxers Floyd “Money” Mayweather and Manny “Pacman” Pacquiao will face each other this weekend in what many are calling the "fight of the century." Hyperbole aside, this match is expected to shatter serious money records -- in pay-per-view sales, ticket…
If you’re a college hoops fan, you've likely been waiting all year for the NCAA's March Madness tournament. You made your picks, filled out your bracket, wagered a few dollars. But it turns out, you're also breaking the law.
Billions of dollars every year are wagered on the outcome of various sporting events, but except for bets made in Las Vegas and a few other states, they're all illegal. Now, representatives from cash-strapped states and even the NBA commissioner…
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