Alex Weldon
Latest Articles By Alex Weldon (113)
Wild Single-Day Volatility on Kalshi Creates Arbitrage Opportunity as Supreme Court Fast-Tracks Trump Tariff Case
Yesterday's announcement by the U.S. Supreme Court that it would fast-track Trump's tariff case led to a brief but intense bout of volatility for a Kalshi market related to the case. When the dust had settled, the odds ended up roughly where they began, so users who held their position emerged unscathed. However, some...
Foxwoods’ New Poker Room Attracts Huge Line, Full-Capacity Crowd on Opening Day [PHOTOS]
Poker players turned out in droves to line up for Foxwoods Casino's new poker room, easily surpassing the room's capacity on opening day. CEO Jason Guyot thanked the "300 players" lined...
Statement on ‘Innovation’ by SEC and CFTC Signals Predictions Markets Are Here to Stay
"Federal financial regulators are now on a mission to support predictions markets like Kalshi, not impede them, as made clear by a joint statement last week from the Securities Exchange...
GhostRedirector: New SEO Fraud Scheme to Promote Online Gambling Believed to Originate From Chinese Hackers
Cybersecurity firm ESET is warning of a new malware-based scheme it calls GhostRedirector, which invisibly hijacks Windows-based internet servers to trick Google into promoting illegal gambling sites. According to the company's blog, We Live...
Federal Government Tells SCOTUS Not to Consider Maverick Gaming’s Sports Betting Appeal in Light of Bankruptcy Proceedings
The federal government has asked the Supreme Court to reject a petition from Maverick Gaming, Washington's foremost poker operator, in a suit over the state's tribal sports betting monopoly. Maverick was recently...
BetMGM and WSOP Fight for US Online Poker Dominance as PokerStars Abdicates the Throne
According to new revenue estimates by PokerScout, the highest-grossing network in regulated US online poker is either BetMGM or WSOP, depending on the time of year. For most of the past year, it has been...
PartyPoker Merges European Players With iPoker Network — Will Global Pooling Follow?
PartyPoker's European network will soon be gone, at least in the form players have known it. Starting September 2, the France-Spain network will become nothing more than a skin on iPoker...
‘Insider Trading’ on Polymarket Foretold Taylor Swift’s Engagement
Swifties learned overnight on Tuesday of their beloved pop idol's engagement to her long-time boyfriend Travis Kelce, but at least one Polymarket user appears to have known this was coming nearly 24 hours before....
Unpacking the AGA’s Latest Data on Americans’ Illegal Gambling Habits
Illegal gambling in the US is on the rise, according to the American Gaming Association (AGA), but legal gambling is growing even faster. The AGA, which represents regulated U.S. gambling...
Odds of a Federal Takeover of Washington D.C. Briefly Surge on Kalshi After Trump Deploys National Guard
President Donald Trump exercised his powers on Monday to take control of the Washington D.C. police and deploy the National Guard to the capital. The events leading up to that created...
