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2 mins read

Mumbai police book 32 in Mahadev betting app under fraud and gambling

Mumbai police have registered a case against 32 people including the promoter of the Mahadev bettin…

ANI   


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6 mins read

Turns out sports gambling was a gateway drug

Sports gambling companies like DraftKings and FanDuel are expanding way beyond football and basketb…

Emily Stewart   


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1 min read

Mahadev betting app case registered in Mumbai transferred to crime branch

An FIR registered here pertaining to alleged illegal gambling and cyber fraud worth Rs 15,000 crore…

PTI   


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4 mins read

Microsoft's reported $10 billion OpenAI bet is a gamble on the future of AI

Microsoft is said to be prepping a $10 billion investment in OpenAI, the creator of ChatGPT. It's a…

Matt Weinberger   


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2 mins read

After Chinese apps, the Indian government cracks down on Indian betting and quick loan apps—here’s why

The Indian government has banned 232 applications over concerns of data storage and money launderin…

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3 mins read

Warren Buffett was eager to read Robinhood's IPO filing. The investing app's reliance on options trading won't have surprised him

The famed investor has accused Robinhood of encouraging users to gamble on stocks, speculate on opt…

Theron Mohamed   


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Google's Play Store now allows gambling and betting apps — but not in India

Google has allowed gambling and betting apps on its Play Store that will be available for users in …

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2 mins read

This Uber Eats driver only accepts high-value orders in the hope of getting big tips. He says it's 'like gambling,' but 'very exciting.'

Brantley Bush, who drives a 2000 Subaru, told The New York Times he feels like food delivery driver…

Sam Tabahriti   


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2 mins read

A new invite-only iPhone app lets people gamble real money on matches of 'Call of Duty' and 'Fortnite'

The amount of the bet is decided. Two people then compete while streaming to Twitch, which allows o…

Natasha Dailey   


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1 min read

Robinhood CEO says investing 'should be as ubiquitous as shopping online' and should not be viewed as gambling

"I reject the idea that investing in the US capital markets is gambling," Robinhood CEO Vlad Tenev …

Isabelle Lee   


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7 mins read

A 'frictionless' gold rush: How online sports betting swept the nation in less than 4 years

"It's men ages 22 to 50, white, college educated, have disposable income … That's who's betting," a…

Jake Lahut   


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2 mins read

Days after Charlie Munger called Robinhood 'a gambling parlor,' the free-trading app revealed options trading as its largest source of revenue

Robinhood generated 61% of its $720 million in 2020 revenue from options trading, according to its …

Matthew Fox   


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5 mins read

Jacob Zinkula   


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10 Things in Politics: McConnell's debt-ceiling gamble

And lawmakers are prepared to hold Mark Meadows in contempt.

Brent D. Griffiths   


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4 mins read

Jennifer J. Schulp,Nicholas Anthony   


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4 mins read

Jake Paul wants to make the TikTok of gambling, but experts worry about the temptation of betting being just a swipe away

Betr has raised $50 million in funding, but combination of Paul's young fanbase and the compulsive …

Lindsay Dodgson   


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1 min read

Gambling helplines see nearly 50% surge in day trading-related calls as SEC probes 'gamification' of retail brokerages

Robinhood CEO Vlad Tenev has pushed back on gamification concerns: "Investing isn't a game, but mus…

Ethan Wu   


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2 mins read

Kotak’s superapp for investments hopes to gain one million users by end of the year

Kotak Mahindra Bank today unveiled a new superapp for investments called Kotak Cherry. The new serv…

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2 mins read

Tampon 'turbulence' is causing Instacart's personal shoppers to struggle to find the item in stores

In a statement, Instacart's trend expert said the company's seeing "tampon turbulence" in the app d…

Britney Nguyen   


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CMOs discuss the future of advertising

Business Insider's top advertising and media stories for January 22.

Lauren Johnson