Polymarket took over a bar near the White House, for a promotional event showcasing the prediction market's vision of betting on current events as a new form of entertainment. https://www.japantimes.co.jp/business/2026/03/21/markets/polymarket-sports-bar-news-watch/?utm_medium=Social&utm_source=mastodon #business #markets #polymarket #gambling #tech #us #middleeast #corruption
Polymarket’s latest pop-up is a sports bar for watching the news

The Situation Room, as Polymarket is calling it, is a place where users can bet on the outcomes of elections, sports and military conflict.

The Japan Times
NCAA sues DraftKings for March Madness trademark infringement

The NCAA has sued DraftKings, seeking to block the sportsbook from using terms like ‘March Madness’ and ‘Final Four’ in betting promotions

The Guardian

"Research suggests 80 per cent of Australian 10-year-olds know the odds and the logos of sports betting companies. Hundreds of thousands of these kids are now illegally gambling underage themselves.

"One report says 600,000 children – 30 per cent of 12- to 17-year-olds – are spending almost $20 million on gambling."

#LaborValues #AusPol #Gambling
https://www.thesaturdaypaper.com.au/share/22863/VYT2vCcz

People, mostly from working class suburbs, lost a record $9.3 billion on the pokies in the past year.

That's in New South Wales alone!

"Punters lost a record $9.3 billion on NSW poker machines last year – a surge of 8 per cent on the previous 12 months – as a sophisticated lobbying effort by the gambling industry stalls progress on political pledges to reduce harm in suburbs across Sydney.

"Newly released figures reveal $785 million was lost in the Canterbury-Bankstown area alone, as well as $720 million in Fairfield, $535 million in the Cumberland local government area, $420 million in central Sydney and $355 million on the Central Coast.
...
"The losses represent about $179 million each week – or $1.1 million per hour – with most of the damage occurring in some of Sydney’s most disadvantaged suburbs, according to the Liquor and Gaming NSW report.

"The state government’s independent panel on gambling reform produced a series of harm minimisation recommendations in December 2024 which were savaged by the pubs and clubs industry as going too far, and by reform advocates as not doing enough."

https://www.smh.com.au/national/nsw/179m-a-week-or-1-1m-per-hour-the-shocking-numbers-crushing-sydney-20260320-p5qscx.html

#auspol #nswpol #gaming #gambling #pokies #pokermachines
$179m a week or $1.1m per hour: The shocking numbers crushing Sydney

In the past three years, NSW punters have lost $27 billion through poker machines – equivalent to the cost of the massive Metro West rail project.

The Sydney Morning Herald
There's absolutely nothing wrong with #MajorLeagueBaseball striking a deal with #gambling network #Polymarket, funded and advised by #TrumpJunior.

Prediction Markets Promised Better Information. Instead They’re Creating Powerful Incentives to Corrupt Information.

https://fed.brid.gy/r/https://www.techdirt.com/2026/03/19/prediction-markets-promised-better-information-instead-theyre-creating-powerful-incentives-to-corrupt-information/

Prediction Markets Promised Better Information. Instead They’re Creating Powerful Incentives to Corrupt Information.

There’s a concept in economics known as Goodhart’s Law, often summarized as: “When a measure becomes a target, it ceases to be a good measure.” The idea, originally about mo…

Techdirt

'$179m a week or $1.1m per hour: The shocking numbers crushing Sydney'

'Punters lost a record $9.3 billion on NSW poker machines last year – a surge of 8 per cent on the previous 12 months – as a sophisticated lobbying effort by the gambling industry stalls progress on political pledges to reduce harm in suburbs across Sydney.

Newly released figures reveal $785 million was lost in the Canterbury-Bankstown area alone, as well as $720 million in Fairfield, $535 million in the Cumberland local government area, $420 million in central Sydney and $355 million on the Central Coast.'

As The Whitlams song goes, we need to Blow up the Pokies...
https://www.smh.com.au/national/nsw/179m-a-week-or-1-1m-per-hour-the-shocking-numbers-crushing-sydney-20260320-p5qscx.html #gambling #pokies #health #nswpol

$179m a week or $1.1m per hour: The shocking numbers crushing Sydney

In the past three years, NSW punters have lost $27 billion through poker machines – equivalent to the cost of the massive Metro West rail project.

The Sydney Morning Herald