Business & Financial

At least the Wooden Arrow “Bailout” Was Bi-Partisan

The final Bailout plan to save Wall Street - and perhaps the nation - included a substantial amount of fat.

Submitted by Jagajeet Chiba on, Oct/03/2008

British Bookmakers Can Weather Recession

British bookmakers the likes of William Hill, Paddy Power and Ladbrokes have a better chance of weathering a recession.

Submitted by Jagajeet Chiba on, Oct/02/2008

When Shirt Sponsors Go Bust

"Considering the strife of certain top-flight sponsors, have there been any instances of a sponsor leaving a club in the lurch with disastrous consequences?" wondered Mike Hulse, a week o

Submitted by Alistair Prescott on, Oct/01/2008

Prediction Market Gamblers Lose on Wachovia Bet

In the end, over 75 percent of the betting action was going Wachovia's way to fail by December 31, 2008 at online prediction market

Submitted by Jagajeet Chiba on, Sep/29/2008

Wachovia Bank Under Watchful Eye of Prediction Markets

Wachovia Bank suitors are reportedly waiting for a US Government seizure so that they can buy up the best assets and let the government sort out the rest, Submitted by Jagajeet Chiba on, Sep/27/2008

Washington Mutual Finally Fails: Prediction Markets Right

It took a while but the bank atop online prediction market most likely to fail, Washington Mutual, finally did.

Submitted by Jagajeet Chiba on, Sep/26/2008

Vice Shares Like Gambling Help to Stimulate the Economy

The portfolio of "unethical" shares which we picked on this week last year has unsurprisingly lost value in the past 12 months, but has beaten the general market, as well as the FTSE For

Submitted by C Costigan on, Sep/25/2008

Cryptologic Predicts Losses of $3.6 Million in Quarter

While long established online gambling software provider, Cryptologic (TSX:CRY) , was anticipating operating losses of $1 million to $1.5 million in the current quarter, the foreign exchange loss w

Submitted by Jagajeet Chiba on, Sep/25/2008

Prediction Market Traders Optimistic Following Bush Bailout Speech

The DOW closing higher Thursday than the previous day had a 62 percent chance of occurring overnight with minimal betting volume taking place at

US Government to Approve Financial Bailout at 80 Percent Say Bookies

The online prediction market listed the US Congress to approve a government bailout of banks on/before 30 Sep 2008 with an 80 percent chance

Submitted by Jagajeet Chiba on, Sep/24/2008

Paulsen Bailout Plan Highlighted: No Court Review

The Legislative Proposal for Treasury Authority to Purchase Mortgage-Related Assets has been disclosed. Pay special note to Sec. 8. Review below.

(a) Authority to Purchase.--The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.

Submitted by Guest on, Sep/23/2008

Washington Mutual Still High on Radar of Bank Failure Prediction Markets

Washington Mutual Inc.

Submitted by Jagajeet Chiba on, Sep/23/2008

Goldman Sachs and Morgan Stanley to Become Holding Banks

WASHINGTON (Associated Press)  - The Federal Reserve said Sunday it had granted a request by the country's last two major investment banks - Goldman Sachs and Morgan Stanley - to change their stat

Submitted by Guest on, Sep/21/2008

Betting on Stocks Still Available…. Just Not From SEC

The Securities and Exchange Commission early Friday imposed a temporary emergency ban on short-selling of financial company stocks, a trading method that bets the stocks will go down.

Submitted by Jagajeet Chiba on, Sep/19/2008

Short Selling Banned in London: New York Next

Financial regulators in the U.S. and U.K., attorneys general in New York, Texas and Connecticut, and the three largest U.S.

Submitted by Jagajeet Chiba on, Sep/18/2008

Some Around Vegas Panic In Wake of Nevada Bank Closure, Market Meltdown

Southern Nevadans are panicking and considering extraordinary steps to avoid losing more money in the stock market, real estate and even bank savings accounts, one local banker told the Submitted by Jagajeet Chiba on, Sep/18/2008

Obama’s Lead Grows as Economy Falters

This week's Wall Street meltdown could have been just what the doctor ordered for an ailing Barack Obama campaign.

After losing serious ground to Republican John McCain, Obama is now listed back up to -152 odds at Heading into this week, the two candidates were dead even while prediction markets and polls gave McCain a slight edge.

McCain took a hit along with Wall Street it seems.

Submitted by C Costigan on, Sep/18/2008

William Hill, Rank Group and Ladbrokes Share Price Surge

British online gambling firms rose more than 6 percent in heavy London trading Thursday, an optimistic sign in a troubled economic climate.

Submitted by C Costigan on, Sep/18/2008

The A.I.G. of Poker: Some Sub-Prime Bets were 20-1 Long Shots

With the recent $85 BILLION (with a B folks!) dollar tax bailout of insurance giant AIG, one has to wonder why the citizens of the US are being forced to bankroll a degenerate poker player like the

Submitted by Guest on, Sep/18/2008

Washington Mutual Heading for Sale According to Reports

Ailing bank Washington Mutual Inc.

Submitted by Jagajeet Chiba on, Sep/17/2008

Barney Frank a Busy Man Amidst Wall Street Turmoil, Online Gambling Bill

Chairman of House Financial Services Committee, Barney Frank, has been a busy man these days.

Submitted by C Costigan on, Sep/17/2008

DOW to Close by 50 points or More on Previous Day Say Gamblers

65 percent of gamblers Wednesday morning believed that the DOW would close by 50 points or more from Tuesday's close according to the predic

Submitted by Jagajeet Chiba on, Sep/17/2008

AIG Was Likely to Fail Wednesday: Bailed Out by US Government

If a financing solution is not reached, American International Group (A.I.G.) may file for bankruptcy as soon as Wednesday, a person briefed on the matter told the New York Times Monday night.

Submitted by Jagajeet Chiba on, Sep/16/2008

Las Vegas Begs Poker Players to Start Playing “regular” games announced last week that Vegas gambling revenue declined 14 percent in the month of July. Shortly following that announcement it was leaked that leaders from the large casinos such as The Bellagio and The Wynn have asked big poker players like Doyle Brunson and Phil Ivey to start playing "regular" games like Craps and Blackjack so that they have a shot at their money too.

When reached for comment, Phil just stared down the camera.

Submitted by Guest on, Sep/16/2008

PartyGaming Added to Prestigious FTSE4Good UK 50 Index

Fifteen UK companies, including online gambling firm PartyGaming, have been added to the FTSE4Good UK 50 Index of companies striving for good corpor

Submitted by Jagajeet Chiba on, Sep/16/2008

Wall Street Meltdown, Economic Crisis Giving Obama a Boost

Monday's Wall Street meltdown following the closure of Lehman Brothers and "desperation" acquisition of Merrill Lynch by Bank of America wasn't bad news to everyone it seems.

Submitted by C Costigan on, Sep/15/2008

Possibly a Thousand More Banks Will Close Says Analyst

Wilbur Ross, chairman and CEO of WL Ross & Co., provided CNBC viewers with a most ominous prediction.

Submitted by Jagajeet Chiba on, Sep/15/2008

Is Washington Mutual Going to be the Next Bank to Fail?

With news that Lehman Brothers is facing immanent bankruptcy and Mer

Submitted by Jagajeet Chiba on, Sep/14/2008

Party Gaming a No Show in US Court

While unrelated to their plight in the US since UIEGA, Party Gaming (who owns Party Poker) has taken the extreme measure of refusing to show up for a court battle against a US-based slot machine ma

Submitted by C Costigan on, Sep/14/2008

Breaking News

Johnson Wins First Major Title in Southern Indiana

Minnesota poker pro Aaron Johnson has been racking up tournament cashes left and right since he first entered the live poker scene almost a decade ago.

Canada Tech Entrepreneur Bashes Bitcoin Cash Before Committee, Reddit Community Furious

Speaking before Canada’s House of Commons Standard Committee on Finance Tuesday, Canadian entrepreneur Jonathan Hamel warned: “Pay close attention, other cryptocurrencies are downright scams, like BCash [Bitcoin Cash (BCH)].”

Dota 2 Leaderboards: Racing to the Top

Dota 2 Leaderboards: Racing to the Top

Dota 2 is one of the top esports games, and everyone involved is doing their best to make it to the top of the leaderboards.