Business & Financial

World Poker Tour In Danger of Being De-Listed from NASDAQ

With the market taking a daily beating due to the global economy roller coaster and the pending US Presidential Election, things are not looking good for the beleaguered stock.

Submitted by Guest on, Oct/20/2008

Financial Gamblers Torn Between DOW Close on Thursday

Slightly more than half of those betting at the online financial prediction market, intrade.com say the DOW will close lower than it did on Wednesday.

Submitted by Jagajeet Chiba on, Oct/16/2008

Wall Street Bailout a “Farce” Says Poker Legend Doyle Brunson

This 700 billion dollar bailout doesn't seem to be changing anything. The stock market keeps going down and banks keep going under. The culprits are being rewarded at the taxpayer's expense.

Submitted by Guest on, Oct/15/2008

Sportingbet Not Affected by Economic Woes: Revenues Up 23 Percent

Online gambling firm, Sportingbet, has witnessed revenues increasing up to 23 percent to the end of July, up to £147 million, driven by its performance in Europe and Australia in particular.

Submitted by C Costigan on, Oct/15/2008

Don’t Forget to Pay Your Taxes!

October 13 was a national holiday in the United States. Banks and schools were closed. The significance of October 13? Columbus Day.

Submitted by Jagajeet Chiba on, Oct/14/2008

Wall Street Out of Coma: Main Street Paralyzed?

Despite Monday morning's slight return of confidence in the financial markets Intrade's Prediction Markets indicate the damage has been done and the U.S. economy is heading towards recession.

Intrade's prediction markets for macroeconomic indicators are currently showing the U.S. is likely to enter a recession before the end of 2009. The only question is when? And could there actually be a depression?

Submitted by Guest on, Oct/14/2008

First Country to Pull Out of the Euro in Next 12 Month

The economy around the world is so bad that the folks from Paddy Power have begun offering bets on the meltdown.

Submitted by Jagajeet Chiba on, Oct/13/2008

West Ham Could be No More Following Iceland Freezing Assets

Iceland invested a great deal across Europe and that nation's economy crashed this past week, culminating with several bank closures.

Submitted by Alistair Prescott on, Oct/12/2008

Prediction Market Gamblers Believe DOW Will Close Lower on Friday

With the Asian markets crashing early on, gamblers at www.intrade.com have been betting at a 60 percent clip or better that the DOW will close down by 2

Submitted by Jagajeet Chiba on, Oct/09/2008

Sheriff Thomas J. Dart Deserves a Medal: Obama Has Chance to Make Difference

Sheriff Thomas J.

Submitted by Payton on, Oct/09/2008

Prediction Market Says Dow to Closer Higher Than on Tuesday

Can things get much worse on Wall Street? Let's hope not.

Submitted by Jagajeet Chiba on, Oct/08/2008

All Eyes on National City Bank Among Prediction Market Bettors

With Wachovia now sold to Citibank and then to Wells Fargo and maybe again to Citibank last week in the never ending drama centering around US banking turmoil, attention is now shifting to the next

Submitted by Jagajeet Chiba on, Oct/06/2008

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 intrade.com.

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 intrade.com 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 intrade.com

US Government to Approve Financial Bailout at 80 Percent Say Bookies

The online prediction market intrade.com 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 Bookmaker.com. 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

Breaking News

Pay Per Head Live Casino Software

Local bookies and agents throughout the world can now offer a Pay Per Head live casino platform.

Guns, Taxes and Gambling: Florida Legislatures Return to Work

Legislators are expected to pass, or kill, dozens of measures dealing with everything from abortion to gambling and the environment.

Pay Per Head Bookie Outsourcing in the Bronx

Pay Per Head Bookie Outsourcing in the Bronx

It is easy to find a Pay Per Head bookie outsourcing company willing to support the Bronx bookie.