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UK news
fromReadWrite
2 weeks ago

Entain warns UK gambling tax hike fuels illegal betting amid losses

UK gambling tax increases from 21% to 40% remote gaming duty and new 25% general betting duty caused Entain a £488 million impairment and £681 million statutory loss, potentially strengthening unregulated markets.
fromFuturism
1 month ago

Professional Gamblers Move Into Prediction Markets to Bleed You Dry

Following the federal government's wide-armed embrace of the tech, professional gamblers are flooding into prediction markets like Kalshi and Polymarket. It's not hard to see why: in January alone, trading volume on Kalshi almost hit $10 billion, $8.5 billion of which was tied to sports, according to new reporting by Bloomberg. That same month, Kalshi saw three million new downloads. The waters, in other words, are teeming with prey - and the sharks are moving in.
Business
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