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1 min read
Telegram comes under the scanner in India for extortion and gambling – will it be banned in India?
Pavel Durov, the co-founder and the chief executive officer of popular messaging platform Telegram …
2 mins read
The rise of legal sports gambling is coming at the expense of stock investing, new study shows
Household investments are reduced by roughly $2 for ever dollar wagered, the researchers found.
Filip De Mott
2 mins read
China's navy warned its millennial and Gen Z sailors not to display their military credentials to attract attention on dating apps
"Young officers and soldiers eager for love may expose their military identity to gain attention," …
Matthew Loh
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
3 mins read
The Apple Sports app still doesn't make any sense
When one of the world's most valuable companies makes a thing, it should have a good reason why. So…
Peter Kafka
3 mins read
Telegram under scrutiny: 7 alleged illegal activities linked to the popular messaging app
The recent arrest of Telegram CEO, Pavel Durov, has sparked international debates about the role of…
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
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
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
2 mins read
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 …
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
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
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
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…
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
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
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
4 mins read
Investing apps like Robinhood aren't gambling tools that push new investors to make risky decisions. They're actually a great way to teach young people how to invest.
The best way to learn is by doing. Making investing more accessible helps level the playing field a…
Jennifer J. Schulp,Nicholas A…
5 mins read
10 Things in Politics: McConnell's debt-ceiling gamble
And lawmakers are prepared to hold Mark Meadows in contempt.
Brent D. Griffiths
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…