Alex Weldon
Latest Articles By Alex Weldon (113)
Polymarket Strikes Landmark Deal With New York Stock Exchange Owner ICE, Including $2B Investment and Data Distribution
Polymarket will receive $2 billion in investment and partnership opportunities with the New York Stock Exchange (NYSE) in a deal that seems bound to send shockwaves through the U.S. prediction market space. NYSE owner Intercontinental Exchange Inc. (ICE) will take roughly a one-quarter stake in Polymarket at an implied valuation of $8 billion ahead of its return to the U.S. The...
Individual Limits on Sports Bets Would Be Eliminated Under Proposed New York Law
Many sportsbooks place limits on winning bettors or even ban them entirely, but that common practice would be forbidden in New York under a law proposed by Assemblyman Alex Bores. He...
Bets on Bad Bunny Ahead of Super Bowl Announcement Renew Concerns of Insider Trading on Prediction Markets
Puerto Rican reggaeton star Bad Bunny will headline the 2026 Super Bowl halftime show, and some bettors made bank piling their money in on him in the week before the announcement....
Kalshi Invokes Tribes’ Bet Location Argument in Defense Against California Lawsuit
Three California gaming tribes are suing Kalshi for what they say is illegal gambling on their land, but ironically, the prediction market's defense rests in part on an interpretation of...
Las Vegas Casinos Can Now Deal Private Poker Games Following Changes to ‘Gaming Salon’ Rules
Private poker games are now officially legal at casinos in Las Vegas and throughout Nevada, so long as players bring at least $10,000 to the table, or the casino obtains special permission...
Aristocrat v. Light & Wonder: Dragon Train Slot Lawsuit Simmers On Amid Discovery Battle
It has been one year since Light & Wonder (LNW) was ordered by the U.S. District Court for Nevada to remove all instances of Dragon Train from the market, and the case...
Opinion: Poker Media Needs to Stop Treating Ossi ‘Monarch’ Ketola as a Harmless Eccentric
The emperor has no clothes, and 'Monarch' is a self-proclaimed cult leader who tweets racial slurs on the regular. Someone had to say it. If you've read about Ossi Ketola,...
Daniel Negreanu Signs on as Kalshi Ambassador, Cementing Ties Between Poker and Predictions Industries
Daniel Negreanu, poker's most visible living celebrity, has signed on as an ambassador to Kalshi, the foremost legal predictions market in the U.S. The first step of the new partnership will...
Kalshi, Polymarket Lines on ‘World’s Richest Person’ Swing Wildly After Larry Ellison Briefly Takes the Top Spot
Predictions market lines on who will hold the title of "World's Richest Person" at the end of 2025 have become a lot more interesting after heavy favorite Elon Musk briefly lost his...
California’s Sweepstakes Gambling Ban is Coming Down to the Wire
If California legislators are going to ban sweepstakes gambling this year, they'll have to do so by the end of the week. Assembly Bill 831 passed unanimously in the Senate...
