Dossier
online betting
Coverage of online betting in the Nexus archive.
- Brazil Betting Boom Eats Into Family Spending on Clothes and Food
Brazilian retailers report an online betting boom is diverting funds from clothing and supermarket purchases. A retail-sector study found most online bettors experience income strain, leading to reduced spending on essentials like clothes and groceries.
- Analytics firm connects bets made on war with signs of insider trading
Over $1 billion has been bet online on military decisions and outcomes this year on Polymarket, with some wagers being suspiciously timed, suggesting insider information. The large sum and timing of bets raise concerns about potential insider trading. This activity is taking place on the Polymarket platform.