The Election Betting Markets Fell Short. They're Still the Most Flexible Predictor.
People with money on the line try harder than pundits to be right, and they adjust quickly when they've made a mistake.
Gambling
Abortion, Pot, Slavery, and More: 34 Ballot Initiatives We're Watching Today
Plus: California's latest faux-trafficking sting, judge suspends New York gun restrictions, and more...
This Election Day, Listen to the Betting Market Instead of Pundit Predictions
Over time, betting has been a better predictor than polls, pundits, statistical models, and everything else.
Gaming Tribes Battle Online Corporations for Control of California Sports Betting
Messy, dueling ballot initiatives await voters in November.
Diablo Immortal and the Paternalistic Futility of Video Game Loot-Box Bans
The game won't be playable in Belgium or the Netherlands thanks to local gambling laws.
D.C. Managed To Lose $4 Million on Its Own Sports Betting App
Despite having a near-monopoly on districtwide betting, poor decisions and mismanagement led to millions in losses on GambetDC.
Someone Placed a Record-Setting Super Bowl Bet From His Phone
But he still had to drive two hours to do it in a legal state.
Life Gets Better for Sports Bettors
But placing a wager on your favorite team is still illegal or too complicated in many states.
More Fans Can Easily Bet on the NFL Than Ever Before
Convenient online sports betting is legal and live in 14 states.
State Governments Are Creating Their Own Drug Cartels
Much of what government does is tax people to try to fix problems that government caused.
Virginia Says You Can Gamble On This, But Not That
Casinos, sports betting, and even online lottery sales are okay. Electronic skill games have no such luck.
Sports Betting Pays Off
The first major intersection of college basketball and legal sports betting seems to have been a completely clean affair.
Everyone Should Be Able To Bet on the Kentucky Derby From Anywhere
Six states don’t allow any horse racing bets, but others still make it difficult.
This Year's March Madness Is the Biggest Legal Sports Betting Event in American History
Even the famously stodgy NCAA is changing its views on gambling. For the first time, games will be played in a state where sports betting is legal.
Will Trump Beat the Odds? Are You Willing to Bet on It?
Betting sites have a better record of predicting election outcomes than most polls and pundits.
Massachusetts Abandons Its Puzzling Public Health Distinction Between Casinos and Video Arcades
A week after being sued over his arbitrary COVID-19 policy, Gov. Charlie Baker says he will allow arcades to reopen.
Are Video Arcades More Dangerous Than Casinos During a Pandemic?
A federal lawsuit argues that the distinction drawn by Massachusetts is unconstitutional.
New York Court Says Daily Fantasy Sports Betting Law Is Unconstitutional
Lawmakers legalized DFS betting. The state’s top justices say that’s not allowed.
City Officials Want To Clamp Down on Dragon's Ascent, a Video Game That Pays Skillful Players
Mayor Muriel Bowser: "Immediate action is necessary to regulate these electronic devices before they infiltrate the city."
Georgia Prosecutors Seized a Crab Shack Over Gambling Charges. A State Supreme Court Ruling Could Decide the Fate of Gaming in the State.
Prosecutors are hiring private attorneys to pursue asset forfeiture charges against establishments that offer coin-operated gaming.
We Don't Need the Federal Government To Save Kids From Video Game 'Loot Boxes'
Senator proposes telling publishers what virtual products they can and cannot sell to children.
Legal Sports Betting Makes March Madness Better Than Ever
Bringing sports betting out of the black market is a win for fans and sports leagues, and it's another indication of how prohibitionist policies fail.
Florida Bans Greyhound Racing After State Law Kept It Going for Years
It would have been better to let the sport fail on its own.
The DOJ Shouldn't Reignite the Fight Against Intrastate Gambling
Respect federalism and leave the states alone.
Chicago Mayor Proposes Dealing Drugs, Gambling to Make Ends Meet
Rahm Emanuel wants pot legalization and a casino so the city can grab more taxes for its pension debts.
No Matter Who Takes Home a Record Lottery Prize, the Government Always Wins
The Mega Millions jackpot has reached an astounding $1.6 billion. You and I probably won't win, but the government definitely will.
Sports Betting Just Became Legal. Naturally, Chuck Schumer Now Wants to Regulate It.
Like powdered chocolate, laser pointers, and video games, legal sports betting has caught the attention of the Senate's most notorious nanny.
Massachusetts Accidentally Bans Horse Racing
Unless lawmakers fix their mistake, hundreds of people could be out of a job.
Pro Sports Want the Government's Help Taking a Cut of Sports Betting. States Should Say No.
Leagues are lobbying states to institute an "integrity fee" that would entitle them to 1 percent of all the money bet at sportsbooks.
In Time for the NBA Finals, Delaware Wins Race to Offer Sports Betting
At 1:30 p.m. Tuesday, the state's three casinos will begin accepting single-game bets.
Sports Betting Will Complete the Gambling Revolution
Judging the outcome of this week's SCOTUS opinion allowing states to legalize sports gambling.
Broader Implications of the Supreme Court's Sports Gambling Decision
Commentators are right to suggest that Murphy v. NCAA will help sanctuary cities, but wrong to claim it is like to undermine federal laws restricting state taxes.
SCOTUS Feigns Federalism in Sports Betting Decision
Congress can't "commandeer" state legislators, but it can achieve the same result with "preemption."
With or Without Legalization, Sports Betting is Here to Stay
U.S. politicians prevented the development of a legal market for sports betting, driving eager gamblers to underground bookies.
After Supreme Court Ruling, Sports Betting Will Become Major Issue in State Capitols
Monday's Supreme Court ruling didn't legalize sports betting, but lots of states are eager to cash-in. Will they make a smart bet?
Sports Gambling Decision is a Major Victory for Federalism
The Supreme Court's invalidation of a federal law preventing state legalization of sports gambling strengthens protection for state autonomy from the federal government.
In Gambling Battle, Both Sides Are Wrong
Neither supporters nor opponents want to consider personal liberty.
If SCOTUS Lets States Legalize Sports Betting, Will They Be Ready?
The black market will continue to thrive if taxes and regulations are too burdensome, a new CEI report warns.
These Three Cases Define This Month at the Supreme Court Term: Podcast
How to think about gay wedding cakes, Fourth Amendment rights, and whether the federal government can ban sports betting. Plus: How will Neil Gorsuch vote?
Chris Christie's Situational Federalism
New Jersey's governor says states have a right to legalize sports betting but not marijuana.
In Major Federalism Case at SCOTUS, New Jersey Fights to Legalize Sports Gambling
The Supreme Court will hear arguments in Christie v. National Collegiate Athletic Association this fall.
The Federal Ban on Sports Betting Is Unfair, Unnecessary, and Unconstitutional
A new CEI paper argues that states should be free to decriminalize March Madness wagers.
Republican Senators (Including Mike Lee) Again Attempt to Blockade Online Gambling
Bill would subvert legal interpretation of Wire Act.
Brexit Shows Betting Markets Are Not a Silver Bullet
At close yesterday the odds were 12-1 against leaving. Whoops.