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Category: News
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DraftKings Gift Cards Sold As ‘Financial Services’ At ‘National Drugstore’
A photo taken at a Massachusetts drugstore shows DraftKings gift cards displayed directly beneath a “Financial services” aisle sign. I wasn’t surprised in the slightest when I saw the photo posted by gambling harms researcher Dr. Nathan Smith on LinkedIn. After nearly 20 years covering the industry, almost nothing problematic about the way the online…
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Warren Buffett: ‘Rich People Love’ Predatory Sports Gambling
Billionaire investor Warren Buffett took a sledgehammer to government-sanctioned online sports gambling in a recent interview. He described the industry and governments that “sponsor” it as fiscally parasitic. In an interview with CNBC published March 31, 2026, the 95-year-old Buffett said legalized sports betting outside Nevada reinforced a system that drains wealth from those with…
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‘Nightmare’ Allegations Against Michael Jordan-Backed Online Gambling Firm
A giant of the U.S.-regulated online gambling sector, which counts Michael Jordan as an advisor and investor, has been hit by explosive allegations that it makes a significant chunk of its revenue from illegal gambling channels. Sportradar, a Swiss business-to-business supplier of online gambling data and technology in the $27 billion U.S. online gambling market,…
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Ontario Online Gambling Ad Ban Seeks To Protect Public Health
Legislation in Ontario, Canada, would put public health first by banning online gambling advertisements from dozens of licensed operators. Ontario’s Bill 107, the Stop Harmful Gambling Advertising Act, 2026, would address online casino and sports betting ads in the province. The bill complements a plan for a national framework to restrict sports betting ads. “Ontario…
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FanDuel Claims No Profiting From Prop Bet ‘Protect’ Feature
FanDuel Sportsbook launched a new gambling insurance-like feature that it’s calling “Bet Protect.” It raises some problem gambling concerns and questions about the impact on company profits. The feature lets bettors pay a 3% fee to hedge against injuries. For example, a prop bet on LeBron James to score over 21.5 points would be refunded…
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