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Tag: gambling

22 percent of Americans took out high interest payday loans or burned through credit cards to gamble on the digital currency market, a survey shows.
Americans Burned Payday Loans and Credit Cards to Speculate on Digital Currency: Survey
Almost 22 percent of Americans who have taken to gambling on the promise of meteoric returns in the digital currencies market have done so through borrowing money, and often at extremely high interest rates.  In...
Casinos, sportsbooks, and other gambling venues took $5.31 billion out of the US economy in Q1 2022, the most on record.
Americans Lost More Money Gambling In Q1 2022 Than Ever Before
The U.S. gaming industry posted its most profitable Q1 in history this year, states an industry advocacy website. However, this figure naturally implies that gamblers had their worst Q1 in history, a notable figure considering...
Following the crowd on Reddit cost amateurs $5.27 billion thanks to WallStreetBets and the Gamestop Rebellion
Reddit’s WallStreetBets and Gamestop Crowd Lost $5.27 Billion During a Bull Run: Study
A recent study published by researchers from the London Business School found that retail traders brought into the market by last year's Gamestop Rebellion saga fueled by the WallStreetBets subreddit of social marketing and influencing...
Gambling Mogul Alvin Chau May Have Been Done In by Political Connections to Xi’s Rivals
News analysis In the early hours of Nov. 27, the Macau police arrested prominent local casino operator Alvin Chau and several others on charges of abetting cross-border gambling activities and money laundering. Days later, Chau,...