Gambling

Prediction markets will see five-fold growth by 2030: analysts

Sports gambling companies have recently made moves to offer event contracts so they can compete

A Polymarket billboard in Times Square in New York. Polymarket is blocked in Singapore, since it is considered to be a provider of illegal gambling.
THINKING ALOUD

No one can stop the next form of legalised gambling

Prediction markets are becoming too big to be illegal; you can bet on it

According to Singapore Pools' website, the 10-cent fee applies for each PayNow transaction, including bet placement and prize claims.

Singapore Pools’ 10-cent PayNow fee under scrutiny; surcharges by merchants prohibited, says DPM Gan

ABS is engaging Singapore Pools over its years-long practice of charging 10 cents per PayNow transaction

Polymarket allows users to profit from predicting outcomes across a wide range of topics, including sports, entertainment, politics and economy.

NYSE parent nears deal for US$2 billion stake in crypto-based betting startup Polymarket: sources

INTERCONTINENTAL Exchange, the parent of New York Stock Exchange, is in talks to invest US$2 billion in Polymarket, The Wall Street Journal reported on Tuesday (Oct 7), citing people familiar with the...

India’s parliament last month passed a sweeping law banning online gambling after government figures showed companies had stripped US$2.3 billion annually from 450 million people.

India’s gaming fans eye illegal sites after gambling ban

[MUMBAI] India’s ban on online gambling has shuttered a billion-dollar industry serving hundreds of millions of people and torpedoed the sponsorship of the national cricket team.

While the government has temporarily suspended access to online gambling platforms via e-wallets and super apps, ads promoting these sites remain visible on social media.

Philippines regulators scroll past online gambling ads on social media

Meta and X still allow online gambling ads, as long as promoters seek authorisation from them

Authorities estimate gamblers who bet on cockfighting are fuelling an industry that generates millions of dollars in revenue each week.

Cockfighting livestreams thrive in Philippines despite ban and murders

DIVERS have spent more than a month searching a lake south of Manila for the bodies of men with links to the Philippines’ bloody national obsession: cockfighting.

E-wallets have been instrumental in the online gambling boom.

Philippine central bank orders e-wallets, payment apps to remove online gambling links

Senators are tackling proposals to either restrict or ban online gambling amid worries over debt and addiction

“The problem is not online gambling. The problem is the social effects on our children and those who are addicted to gambling,” Ferdinand Marcos Jr  says.

Philippines’ Marcos says online gambling ban to stoke illegal operations

Lawmakers and church officials have increasingly called for curbs on Internet betting

As Chinese visitor numbers recover to pre-pandemic levels in Malaysia and Singapore, casino operators there stand to benefit.

Casinos stay robust in Singapore, Malaysia as Cambodia, Thailand take hits: S&P Global

Return of Chinese tourists to the region as well as product stickiness aid the industry’s recovery, says analyst