Drake Drops $1.5M USDT Bet on Argentina Despite Spain’s World Cup Edge
Rap superstar Drake has placed a $1.5 million bet in USDT on Argentina to beat Spain in Sunday’s FIFA World Cup final, a wager that could pay out roughly $5.175…
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Underdog Files First 7 Sports Contracts for Its Own Prediction Exchange
Underdog has filed the first seven sports event-contract templates for UDX, the federally regulated exchange it acquired in March. The filings target an initial listing no later than July 17,…
France’s World Cup Exit Erases Sportsbook Liability as Prediction Volume Surges
France’s 2-0 semifinal defeat to Spain eliminated one of the most heavily backed teams on U.S. sportsbooks, wiping out major outright and player-prop liabilities. The result also closed France’s positions…
US Lawmakers Propose Facial Age Verification Across Online Betting Markets
A bipartisan group of U.S. lawmakers wants online sportsbooks and prediction markets to scan users’ faces to estimate their age before allowing them to bet or trade. The proposal promises…
Brazil Orders Tobacco-Style Warnings on All Betting Ads: ‘Betting Makes You Lose Money’
Brazil’s Finance Ministry is imposing the strictest advertising regime yet on the country’s licensed betting operators, mandating cigarette-style health warnings on every ad, banning pundits and influencers from nudging viewers…
France’s Gambling Regulator Warns All Esports Betting Is Illegal as the $75M Esports World Cup Opens in Paris
As the Esports World Cup opens in Paris with the largest prize pool in the sport’s history, France’s national gambling authority has reminded fans that wagering on any of it…
Prediction Market Volume Jumped 75% to $44.8B in June as the World Cup Drove Record Trading
Combined trading volume across the two largest prediction-market platforms surged 75% in June to $44.8 billion, a record for the sector, as the FIFA World Cup pulled a wave of…
An AI Deepfake of Bruno Fernandes Posed as a Brand Ambassador for an Unlicensed Casino
Two unlicensed offshore casinos have hijacked the identities of football stars Bruno Fernandes and Jude Bellingham, using an AI-generated deepfake video and fabricated BBC news articles to invent official endorsements…
Prediction Markets Traded Nearly $460M on Mexico-England as World Cup Odds Swung From Red Card to Certainty
Prediction-market traders moved nearly $460 million combined across Kalshi and Polymarket on England’s 3-2 round-of-16 win over Mexico. Seen as one of the best matches of the World Cup so…
France World Cup Winning Odds Climb to 35% as Polymarket Volume Tops $3.9 Billion
France has emerged as the clear favorite to win the 2026 FIFA World Cup, according to betting activity on Polymarket and Kalshi, two prediction market platforms that have processed billions…