Tag: gambling

18Jul By adminNo Comments
Technology

Surprise! Threads does a Twitter, announces ‘rate limits’ on number of posts; Elon Musk reacts

On July 1, Twitter executive chair and CTO Elon Musk announced via a tweet that the microblogging platform will be slapping temporary rate limits on users to “address extreme levels of data scraping” and “system manipulation”. The move became highly unpopular on the platform and witnessed many users even leaving it for rivals such as Mastodon and BlueSky, both of which witnessed a major uptick in new users. Now, less than a month later, Instagram's Twitter-rival Threads has also been forced to apply rate limits in order to fight spam attacks on the platform. And Elon Musk reacted in a hilarious manner to this move.Instagram head Adam Mosseri said on Threads, “Spam attacks have picked up so we're going to have to get tighter on things like rate limits, which is going to mean more uninte...
Read More
21Apr By adminNo Comments
Technology

As US sports bets boom, internet gambling is slow to expand

While two-thirds of the country now offers legal sports betting, only six states offer online casino gambling, confounding industry hopes that the rapid growth of sports betting would also bring internet casino wagering along with it.Speaking Wednesday at the East Coast Gaming Congress in Atlantic City, industry executives and legislators from gambling states offered various explanations for why internet gambling has yet to expand beyond a handful of eastern states. Internet gambling is legal in New Jersey, Connecticut, Delaware, Michigan, Pennsylvania and West Virginia; Nevada offers online poker but not casino games. By contrast, 33 states plus Washington, D.C. offer legal sports betting.“It's a mystery to me why we have 30 or so states that have sports wagering, and only six that al...
Read More
3Mar By adminNo Comments
Technology

We Are All Gamblers Now, From Sports to Crypto

Congratulations to whoever won a bet on the World Cup via Paddy Power or FanDuel last year: You weren't alone. Parent group Flutter Entertainment Plc took a £40 million ($47.7 million) hit from so-called “customer-friendly” sports results in December. Chief Executive Officer Peter Jackson said he watched the spectacular six-goal final through his hands — “it was a very expensive event for us.” There were other customer-friendly developments in Flutter's 2022 financial results, which triggered an investor-unfriendly fall in its shares. The company estimates it spent £150 million worth of annualized sales on safer gambling measures in the UK and Ireland, where the company imposed a £500 deposit limit for players under 25. The unwinding of the Covid-19 boom also hurt performance in Au...
Read More
8Feb By adminNo Comments
Technology

Match Fixing Has Existed for Centuries. Gambling Apps Are Making It Worse

Once upon a time, snooker — a cousin of pool and billiards with roots in the British Raj — was a boutique, almost backwater, pastime. No longer. Its popularity has soared globally, particularly in China, and it may be included as a sport in the 2024 Olympics.That means a lot of gamblers bet on snooker. It also means that match fixing is in the mix. Ten elite Chinese players are currently being investigated for throwing games to help somebody cash in some presumably large bets. So here we are: A digital boom in sports gambling — accompanied by bigger incentives for scamsters and crooks to corrupt games — means even something as quaint as snooker can be corrupted. And it's everywhere. The fix has been in on handball matches. Triathlons and biathlons are worried about fixes. Organized cr...
Read More
22Jan By adminNo Comments
Technology

2 Minnesota brothers investigated in TikTok gambling scheme

Investigators in Minnesota are looking into allegations two men have been running a TikTok gambling scheme in the state's casinos. Investigators in Minnesota are looking into allegations two men have been running a TikTok gambling scheme in the state's casinos. Court filings this week indicate the state Alcohol and Gambling Enforcement Division is investigating allegations that an Edina man and his younger brother have been collecting fees for playing slots on behalf of others watching TikTok, the Minneapolis Star Tribune reported. State law prohibits placing bets on behalf of someone else. No one has been charged so far. A search warrant affidavit alleged the Edina man used cash apps to collect an initial $5.99 subscription fee as well as $25 for every $100 deposited for wageri...
Read More