Poker
fromPsychology Today
2 hours agoWhat Old Psychology Can Teach Us About New Betting
Modern betting platforms leverage psychological factors to attract users, leading to widespread financial losses despite their appeal.
The Texas Alcoholic Beverage Commission chose not to file charges against The Lodge but is holding onto the club's funds while the investigation continues. The TABC is no longer pursuing money laundering charges, but illegal gambling allegations are still under investigation.
Bets tend to appear in the 'For you' section of Google News, which is supposed to be tailored to a person's particular interests. Futurism notes that the platform actually placed a Polymarket bet as the top news result when inquiring about the price of Bitcoin.
The Office of Impact Analysis found that the government's preferred option would lower annual gambling expenditure by AUD 62.7 million, or 0.8 percent of the AUD 32.2 billion Australians lost on legal gambling in 2023-24.
"The current administration has signaled that it is very pro-business and wants to make it as easy as possible for these new fintech business models such as prediction markets and crypto to operate."
House Bill 518 focuses on curbing problem gambling and placing new limits on certain wagers. It directs the State Lottery and Gaming Control Commission to take a more hands-on role, stating that 'the Commission shall adopt regulations that are intended to reduce or mitigate the effects of problem gambling.'
Federal authorities in Atlanta say 53-year-old Felecia Ingram used her job inside the company's Store Support Center to quietly siphon off thousands of gift cards over roughly 16 months, beginning in March 2020. Ingram worked as a gift card sales associate, a role that gave her access to the systems and inventory she would later exploit. Investigators say she took about 8,325 physical gift cards, loading up a total value of roughly $4.08 million.
For years, gambling lived on the outer edges of the video game business. It was boxed in by geography, hemmed in by regulation, and treated as culturally separate from mainstream gaming. However, the wall has now largely come down. The State of Video Gaming in 2026 by Epyllion's CEO Matthew Ball argues that gambling, especially iGaming, online sports betting, and prediction markets, has become one of the biggest forces redirecting how players use their time and money.
Major League Baseball began investigating Pete Rose in 1988, the year before it launched the full-blown, publicly announced probe that resulted in his banishment, according to newly released FBI documents. MLB, however, suspended its investigation at the request of federal law enforcement officials who were investigating Rose's finances at the time. The documents show that MLB suspected in 1988, months before the public became aware of any investigation, that Rose was betting on baseball and was hundreds of thousands of dollars in debt.
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Earlier this year, SCOTUSblog co-founder and veteran Supreme Court litigator Tom Goldstein was arrested on a 22-count indictment alleging tax crimes and making false statements to lenders. According to the government, Goldstein participated in high-stakes poker games and failed to disclose his winnings (in tax filings) and losings (in loan applications). Over the course of several years, the indictment says that Goldstein racked up big winnings and bigger losses in high-stakes underground poker matches, both domestically and abroad.