OnlineBetting

Singapore and Thailand Team Up to Crack Down on Controversial Crypto Betting Platform Polymarket

6 months ago

In a significant move against unregulated gambling, authorities in Singapore and Thailand have moved to block access to the cryptocurrency betting site Polymarket. This decision comes amid increasing concerns over the platform's operations, which allow users to place bets on a variety of events, including political outcomes and economic performance, using cryptocurrency.

Polymarket's 2025 Predictions Platform Faces Early Challenges

6 months ago

Polymarket, the well-known predictions platform, is encountering significant obstacles as it embarks on its 2025 forecasts. The platform allows users to stake money on the outcomes of various events, making it a unique player in the betting and forecasting landscape. However, the start of this new year has not been smooth sailing for the platform.

Polymarket Shuts Out French Users Amid Growing Regulatory Concerns Over Prediction Markets

8 months ago

In a significant move reflecting tightening regulatory scrutiny, Polymarket, a prominent prediction market platform, has implemented a ban on users from France. This decision comes as regulators and government authorities across Europe are increasingly focusing on the operation of online betting platforms, particularly those that allow users to wager on the outcome of various events.

FanDuel Owner Flutter Surprises with Strong Sales but Signals Caution Ahead

8 months ago

In a recent earnings report, Flutter Entertainment, the parent company of popular sports betting platform FanDuel, outperformed sales expectations amid a fluctuating landscape for online gambling. The company revealed that its revenue for the recent quarter surged, reflecting Rising participation in online sports betting and gambling, particularly in the U.S. market.

DraftKings Lowers 2025 Sales and Profit Forecast, Shares Plunge

8 months ago

In a significant turn of events for the online sports betting giant, DraftKings has announced a reduction in its revenue and profit forecasts for the year 2025. This unexpected move has sent shockwaves through the stock market, culminating in a sharp decline in the company’s share prices. The announcement comes as the company grapples with a rapidly evolving landscape in the gaming sector, where competition is intensifying and regulatory hurdles continue to emerge.