By The Weekly Edge desk ·
West Virginia University researchers received a $300,000 grant from Arnold Ventures to study betting behaviour, Casino.org News reported. Their work examines the gambler’s fallacy, parlays and loss-chasing.
The grant supports research into betting behaviours associated with parlays and loss-chasing.
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Polymarket’s request for help against New York and Kalshi’s potential tribal agreement concern prediction market operators.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
The ruling puts businesses hosting skill-game machines at risk of losing the revenue those devices generate.