Black Market Costing Czechia $15.9m in Lost Monthly Tax Revenue, Says New Report

Data from the Sociological Institute at the Slovak Academy of Sciences said 400,000 Czech players use illegal gambling sites and the figure signals a serious market problem. The Czech Republic loses over CZK330 million or $15.9 million each month in tax money from legal gambling operators as people play on unlicensed sites unknowingly. Data came […]

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A US Bill Targets Insider Trades by Federal Officials in Prediction Markets

Lawmakers in the House want to limit how government employees use prediction markets, especially after the controversy around the arrest of Venezuelan President Nicolás Maduro. A bill came forward in the United States to stop federal officials from using secret knowledge to bet on prediction markets. People buy and sell small contracts on the chances […]

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