Trump Jr.’s VC Firm Invests in Polymarket: What You Need to Know

Investment terms remain undisclosed
Polymarket adds Trump Jr. to its advisory board
Federal investigations into Polymarket concluded in July

Donald Trump Jr. has expanded his footprint in the prediction market sector with the announcement of a major investment from his venture capital firm, 1789 Capital, into Polymarket. This strategic partnership also sees Trump Jr. assuming a position on Polymarket’s advisory board.

Donald Trump Jr. Investment in Polymarket — Polymarket has received a multimillion-dollar strategic investment from Donald Trump Jr.’s venture capital firm. (Image: Shutterstock)

As reported by Axios, Trump Jr.’s firm invested a double-digit, multimillion-dollar sum into the platform, though specific terms of the investment have not been publicly shared. The move strengthens his existing advisory role with Kalshi, another prediction market entity, which operates on lower trading volumes compared to Polymarket.

Understanding Polymarket and Its Operations

Founded in 2020, Polymarket is a decentralized, blockchain-based platform that allows users to buy and sell contracts based on the predicted outcomes of significant real-world events. This unique system necessitates a crypto wallet for transactions and engages users globally, although current US regulations prevent Americans from participating directly.

Billion-Dollar Valuation and Legal Background

The platform’s valuation has ballooned recently, reaching approximately $1 billion. However, its journey has not been without hurdles. In 2022, Polymarket faced a hefty fine of US$1.4 million from the Commodity Futures Trading Commission (CFTC) due to operating without a proper license. The acquisition of a CFTC-licensed exchange, QCEX, for US$112 million in 2024 positions it to potentially welcome US users in the future.

Recent Developments

In a significant boost, the Trump administration concluded investigations by both the Justice Department and the CFTC into Polymarket earlier this July. This marks a favorable turn of events, particularly in light of the previous administration’s strict regulations on crypto and online betting markets. These developments, alongside a publicized FBI raid conducted against Polymarket CEO Shayne Coplan in late 2024, underscore the tumultuous environment surrounding the platform.

Market Potential and User Engagement

Polymarket provides an expansive array of markets that encompass politics, sports, and entertainment, including trending celebrity news and scandals. Its decentralized nature allows for swift market creation in response to user interests, a feature that aids its increasing popularity.

During the 2024 US presidential election, Polymarket noticed staggering trading volumes exceeding $3.6 billion, cementing its status as a leader in the prediction market space. Following the new investment, Polymarket aims to leverage Trump’s involvement and 1789 Capital’s financial backing to further enhance its marketplace performance and credibility.

Considerations for Users

User engagement on Polymarket has already seen significant traction, with the platform reporting over $6 billion in predictions. As more participants flock to the platform, it becomes essential for prospective users to:

Stay informed about market regulations and potential changes that could affect their access.
Understand the risks associated with decentralized markets and crypto transactions.
Familiarize themselves with the functions and features of Polymarket to maximize their user experience.

“Polymarket is the largest prediction market in the world, and the U.S. needs access to this important platform,” said Donald Trump Jr.. “Polymarket cuts through media spin and so-called ‘expert’ opinions by letting people bet on what they actually believe will happen in the world.”

Trump Jr. expressed enthusiasm for the partnership, emphasizing his commitment to advancing Polymarket’s mission of transparency and trust in real-time information sharing.

Conclusion

The multimillion-dollar investment made by Donald Trump Jr.’s 1789 Capital in Polymarket represents a notable shift in the prediction market landscape. By capitalizing on new market opportunities, Polymarket is well-positioned to solidify its standing as a pivotal player within the industry, especially as regulation around these platforms continues to evolve.

As the prediction market sector grows, users are encouraged to exercise due diligence to understand the dynamics and risks involved in participating in such platforms, paving the way for a more informed betting environment.

Las Vegas Casino Room Rate Boost May Not Materialize in Q4

Operators had previously confirmed a weakened performance in Q2 and forecasted more of the same for the current quarter. While Q4 was expected to be better, recent reports indicate softness is seeping into October bookings and room rates, raising concerns about potential growth.

The Las Vegas Strip has faced sluggish performance, as evidenced by the disappointing second-quarter earnings reports from major operators, Caesars Entertainment and MGM Resorts International, suggesting the lack of recovery may continue into Q4.

Current Trends in Las Vegas Room Rates

Analyst Barry Jonas from Truist Securities has provided insights from the latest survey regarding Las Vegas Strip room rates, stating that the early outlook for October isn’t too promising. The anticipated surge in bookings that investors and operators were counting on may not materialize.

Noteworthy observations include:

Room rates for Q3 are tracking approximately 5% lower year-over-year.
Weekend and weekday rates have encountered sharp declines, with July reporting a 4% decrease at MGM venues and a 10% decline at Caesars properties.
August room rates are forecasted to drop in comparison to last year, primarily led by declines on weekends.

As October approaches, industry experts fear that room prices may continue to face downward pressure. Jonas highlighted that it remains uncertain if October will mark a genuine recovery, given the current trends.

Brighter Spots in Higher-End Properties

Despite the prevailing issues among larger operators, there are signs that some higher-end properties are performing well. The subsection of luxury hotels on the Strip, which typically charges nightly rates of $250 and above, is showing positive trends. Properties like Fontainebleau, Venetian/Palazzo, and Wynn/Encore are noted for their resilience in maintaining steady room rates.

Jonas points out that for Q3, these high-end properties have reported an increase of 8% year-over-year, with estimates suggesting a 16% rise in October.

This aligns with a broader trend indicating consumer preference for quality and luxury in their travel experiences, particularly in Las Vegas.

Future Outlook and Recommendations

As we approach Q4, operators display cautious optimism, largely attributed to a stronger events and conventions calendar for the latter half of 2025. Industry sentiment remains that there will be revitalization in the market, dependent on visitor numbers aligning with positive economic factors.

Investors should keep a close watch on management discussions regarding November’s performance, as any immediate developments could be indicative of longer-term trends.
Potential shifts in booking patterns may emerge as operators adapt to the current market dynamics.

Conclusion

In summary, the current situation on the Las Vegas Strip presents a mixed bag for investors and consumers alike. While room rates are soft, particularly for Q3, specific segments within the market, like high-end hotels, are maintaining robust performance. The upcoming months will reveal whether a significant recovery is feasible or if the trends observe continue to dampen expectations. Continuous monitoring of market signals will be crucial for understanding future developments.

NFL, NCAA Sound Off on Prediction Market Risks

The NFL has officially included prediction markets in its league-wide betting policy.
These prediction platforms are said to mimic traditional sports betting.
The NCAA has expressed serious concerns regarding the increasing popularity of such markets.

As the 2025 football season approaches, both the NCAA and NFL are raising alarms about the potential risks associated with prediction markets. With numerous platforms available, including Kalshi and Polymarket, concerns are mounting over their regulatory status and the implications for the integrity of the games.

The NFL has prohibited players and staff from engaging with sports derivatives contracts on platforms like Kalshi, concerned about the lack of regulatory oversight.

The NFL recently stated that all league personnel, including players, are forbidden from using event contract platforms. In fact, the league reached out to the Commodities Futures Trading Commission (CFTC) in 2024 to express concerns about the operators in this space, stating that their regulation doesn’t match that of traditional sportsbooks.

“These platforms mimic sports betting, and thus they fall under our policy restrictions,” said Sabrina Perel, the NFL’s vice president and chief compliance officer.

The NFL is known to be the most wagered-on league in the United States, having had no betting-related incidents in the preceding year. Although new policies regarding sports wagering weren’t introduced for the 2025 season, Perel emphasized the league’s commitment to educating current players, enlisting former players to conduct mandatory training sessions on betting conduct.

Rising Tensions with Prediction Markets

Despite a lack of shocking revelations from the NFL’s recent press conference, the event’s timing was critical, given that the league’s kickoff game is scheduled for September 4. The NFL’s firm stance on banning its players and staff from sports derivatives comes just after Kalshi announced plans to offer football event contracts that focus on betting spreads, totals, and players’ performances — opening a new frontier for the platform.

David Highhill, NFL’s vice president of sports betting, conveyed that the league is particularly worried about scenarios that allow players to influence game outcomes and situations involving injuries or refereeing decisions.

“If proper regulation doesn’t exist for these markets, they become vulnerable to manipulation and price distortion,” he warned. These concerns coincide with Robinhood’s recent announcement that they will provide event contracts on all regular-season NFL and major college football games, aiming to compete more aggressively with conventional sportsbook operators.

NCAA’s Opposition to Prediction Markets

The NCAA also responded strongly to Robinhood’s plans, expressing “deep concern” regarding the lack of oversight compared to traditional sportsbook providers. Tim Buckley, a senior NCAA executive, stated:

“We will continue to examine the developments in this market and collaborate with industry stakeholders to ensure appropriate regulations are in place to safeguard NCAA competition, student-athletes, coaches, and officials.”

Buckley emphasized that companies evading state regulatory control pose risks to competition integrity and the safety of student-athletes. This growing tension between major sports leagues and prediction markets highlights the need for a well-structured regulatory framework to protect all parties involved in sports betting.

Key Takeaways

The NFL is taking a strong stance against prediction markets, prohibiting any league members from engaging with such platforms.
The NCAA echoes similar concerns over potential regulatory loopholes that could compromise student-athlete integrity.
Both organizations are actively seeking to enhance education around sports betting through mandatory sessions.
Increased scrutiny on platforms like Kalshi and Robinhood signals a crucial moment for sports regulations.
Collaboration among stakeholders will be vital to create a sustainable and fair betting environment.

As sports betting continues to evolve in the U.S., it remains imperative that governing bodies and platforms work together to ensure the safety and integrity of the games while adapting to new technologies. Regulation is more important than ever to prevent issues related to manipulation and risks to student-athletes.

Fairfax Casino Opponents Support Formation of Virginia Gaming Commission

A grassroots group in Fairfax County continues to oppose a push to allow a casino in Northern Virginia.

The No Fairfax Casino Coalition is seeking a moratorium on new casinos until a state gaming commission is formed.

Opponents to allowing a casino in Virginia’s Fairfax County assert their support for a state gaming regulatory commission. This coalition, comprising local residents and officials, is vocal in its opposition to the development of a casino resort in the affluent Northern Virginia area.

Fairfax County Virginia casino Tysons — Interstate 495 at the Tysons Corner and McLean exit. Casino opponents in Fairfax County, among the most affluent in Virginia, continue to speak out against efforts to bring a gaming resort to the Tysons area. (Image: Shutterstock)

A joint subcommittee in Richmond is currently contemplating the establishment of a gaming commission aimed at regulating the diverse array of gambling options that have proliferated in Virginia in recent years. The No Fairfax Casino Coalition (NFCC) firmly believes that a state gaming commission would be better positioned to oversee this thriving industry and promote transparency.

According to NFCC chair Lynne Mulston:

“The NFCC remains opposed to any legislation permitting casino development in Fairfax County. At the same time, we acknowledge the necessity for robust oversight and regulation of gaming activities throughout the commonwealth.”

Virginia’s historical stance against gambling has been challenged in recent years, with the state legalising slot-like historical horse racing machines in 2018 and establishing up to five casino licenses as of 2020. Legislation passed in 2020 also liberalised retail and online sports betting.

Opposition Dwarfs Support

All five casino licenses allocated in 2020 have been taken, with operational casinos in Portsmouth, Bristol, Danville, Norfolk, and Petersburg. Proponents, including some state lawmakers representing Fairfax County like Sen. David Marsden (D-Fairfax) and Del. Wren Williams (R-Stuart), argue that casinos could provide much-needed revenue to support the county’s finances, which have dwindled, particularly after many office buildings negotiated lower property tax assessments post-COVID-19 pandemic.

Despite these arguments, the overwhelming sentiment in Fairfax opposes a casino. The Fairfax County Board of Supervisors leads the resistance, along with backing from over two dozen homeowner associations, civic groups, and councils from various districts. Notably, over 100 past intelligence officials have also expressed concerns, stating that a casino near the CIA’s headquarters could pose national security risks.

Moratorium Sought

In tandem with their request for a gaming commission, the NFCC has urged the government to place a moratorium on any further gambling expansion, including new casino sites, until a regulatory framework is in place.

“The NFCC recommends implementing a moratorium on new gaming facilities and online platforms until the commission is fully established and operational,” said Mulston.

Recently, during a hearing of the gaming commission subcommittee, the coalition heard testimony regarding the potential introduction of legal online slots and table games to Virginia.

With recommendations due by November 30, the gaming subcommittee will advise the General Assembly on potential expansions and the proposed gaming commission’s efficacy to regulate current operations.

As the legislature prepares for its next session, pre-filing is set to commence on November 17, 2025, with meetings to finalize recommendations beginning in early 2026.

Summarily, the No Fairfax Casino Coalition stands firmly against the introduction of casinos in Fairfax County, advocating instead for the establishment of a state gaming commission to ensure proper regulation and oversight of the gambling industry in Virginia. Their stance reflects broader concerns about the potential social impacts of gambling expansions within affluent communities.

Palms Casino Closes Four Restaurants: Major Changes in Las Vegas Dining Scene

The Palms Casino is taking a major turn by closing four restaurants operated by three acclaimed chefs, profoundly affecting the Las Vegas dining landscape.

Symon says goodbye to Vegas after six-and-a-half years. (Image: The Palms)

Restaurants Closing at the Palms

The first on the list is Mabel’s Bar & Q, opened in 2018 by the esteemed James Beard Award winner and “Iron Chef” Michael Symon. This beloved barbecue spot will serve its final meal on September 12, boasting one of the most potent barbecue ovens in the city, pulling off dozens of briskets and pork shoulders simultaneously.

Next up is Vetri Cucina. Known for its stunning 56th-floor views, this upscale Italian restaurant was also launched in 2018 by another James Beard Award winner, Marc Vetri, marking the Sin City outpost for his celebrated Philadelphia restaurant. The final closing date for Vetri Cucina hasn’t been announced yet.

The view from Vetri Cucina. (Image: The Palms)

Alongside these closures, Chef Luke Palladino will also shutter both Rojo Lounge and Laguna Pool House & Kitchen. Rojo Lounge, which has been part of Palms Place since at least 2016, and Laguna Pool House, opened only two years ago in the sixth-floor location that used to be Kerry Simon‘s Simon Restaurant & Lounge.

Reasons Behind the Closures

While the official statements from the involved chefs have been vague, indicating that these closures are part of mutual agreements with the casino, speculation suggests that financial performance could be the underlying reason. It’s not uncommon for dining establishments in Las Vegas to face challenges, particularly for high-end options in off-Strip locations.

With tourism ebbing during certain seasons, maintaining steady high-end dining traffic can be quite difficult. It remains uncertain what will replace these vacated spaces in the vibrant Las Vegas dining scene.

A New Arrival: Cote Korean Steakhouse

On a brighter note, the Venetian will welcome Cote Vegas, a Korean steakhouse opening its first location in Las Vegas on October 4. This restaurant promises an elaborate dining experience with tableside service featuring wagyu beef and a delightful assortment of banchan sides, cultivated by Michelin star chef Simon Kim.

Cote is already a hit with its previous locations in New York, Miami, and Singapore, and locals are eager to see what the Vegas outpost has in store.

Yelp Rankings and Notable Spots

Meanwhile, two local eateries have garnered attention by making it to Yelp’s Top 100 list of US sandwich shops. The Leatherneck Club ranked No. 25, offering a Marine-themed bar atmosphere, while The Bronze Café, a vegan-forward eatery, came in at No. 57.

Updates on Other Local Dining Spots

A plethora of changes are also happening in other restaurants:

Pachi-Pachi, helmed by Golden Tiki visionary Branden Powers, recently opened its doors as a Japanese-style dining and cocktail lounge.
Hooters at OYO has permanently closed, a casualty of financial issues following its parent company’s Chapter 11 bankruptcy.
Nom Wah, a well-known dim sum spot, is set to begin operations on September 13 at JW Marriott and Rampart Casino.
Restaurants like Diner Ross have also undergone name changes to Diner Ross Steakhouse, while Nona’s embraced a new identity as Nona’s Lobster Shack.
Clique Bar & Lounge at the Cosmopolitan is reopening on August 29 following renovations.

Health Concerns and Closures

Jipata, a Thai-inspired gastropub, was temporarily closed by the Southern Nevada Health District due to severe health violations, such as food contamination and unsanitary practices.

With the dynamic culinary scene of Las Vegas constantly in flux, patrons can expect exciting new openings and unexpected closures as the city adapts to both the highs and lows of the restaurant industry.

Summary

The closure of these restaurants at The Palms signals a significant shift in the Las Vegas dining landscape, with chefs transitioning out and new restaurants emerging. As Las Vegas continues to evolve and industry players seek new opportunities, the culinary scene remains at the forefront of the city’s vibrant culture.

Poker Palace Closing After More Than 50 Years

Poker Palace Casino is closing

Located in North Las Vegas
Locals’ casino has been sold

After more than half a century in business, Poker Palace Casino will soon shutter. The casino, known for its friendly atmosphere, is set to close its doors following a sale of the property. This longstanding favourite among locals will leave a significant gap in the community.

Poker Palace Casino in North Las Vegas is closing after over 50 years in business. The future is now uncertain.

Located at 2757 Las Vegas Blvd. in North Las Vegas, Poker Palace opened its doors in 1974 and has remained under the ownership of the Coleman family for its entire operation. The closure revealed through a Worker Adjustment and Retraining Notification (WARN) disclosure filed recently indicates a closure date of October 1, which will affect 126 employees.

“The first job loss will occur on Sept. 30, 2025,” stated attorney Steven Cohen in the WARN notice.

The WARN document also detailed significant job losses, including:

10 poker dealers
7 blackjack dealers
10 security officers
3 slot attendants
9 cooks
6 bingo agents
1 casino manager and 1 supervisor

Las Vegas’ Economic Struggles

Las Vegas has been experiencing a downturn, plagued by various issues including high costs and ever-increasing fees. Factors such as travel restrictions and a more competitive gambling landscape have also contributed to this decline. The economic impact is not confined to the central Strip area but extends to surrounding businesses.

This year has seen numerous WARN notices issued amidst growing concerns for local employment, with over 650 jobs impacted across the region.

At its height, Poker Palace featured a 25,900-square-foot casino area, boasting:

Nearly 300 slot machines
Electronic and live bingo
Live race and sports betting
Numerous blackjack and poker tables

It was well-known for its affordable low-stakes blackjack, with minimum bets starting as low as $3.

In addition to casino games, Poker Palace also housed Maddy’s Paddy Café, renowned for its delectable dishes. The recent WARN filing has indicated that 38 job titles are up for elimination due to the pending sale, with the expected close of the transaction around October 1.

While details on the new buyer and the future of the casino remain unclear, Cohen did confirm that the owners have “entered into an asset purchase agreement”.

Poker Palace Property

The Poker Palace may be petite, yet it occupies a substantial property spanning 4.8 acres, zoned for casino and/or hotel use. Current records list Madison Coleman Investments, LLC, with Marvin Coleman serving as the registered agent of record.

The assessed value of Poker Palace for the 2025/26 tax year is approximately $2,139,277, a 4% drop from the previous assessment, and it paid over $25,000 in property taxes last year.

This closure will have widespread effects, touching numerous lives and raising questions about the future of gaming in Las Vegas.

For locals, Poker Palace was more than just a casino; it was a community fixture—a place where memories were made. Its impending closure marks the end of an era in North Las Vegas.

Conclusion

The closing of Poker Palace Casino highlights the challenges facing Las Vegas’ gaming industry today. With rising costs, evolving competition, and changing consumer behaviours, many local institutions remain vulnerable to economic shifts. The community will feel this loss, and the future remains uncertain for both its employees and the patrons who frequented this cherished establishment.

Venmo to Monitor Accounts for Abuse From Angry Sports Bettors

Overview of Venmo’s Initiative

Venmo is implementing measures to reduce harassment of student-athletes.
Angry sports bettors have targeted college athletes due to their performance.
Roshuem to be one of the top payment platforms among college students.

In a proactive move to curb harassment, Venmo has decided to monitor student-athlete accounts on its platform. This comes amid growing reports of harassment directed at college athletes from disgruntled bettors who have lost money based on their performance.

Venmo NCAA student-athlete harassment sports betting — Professional golfer Max Homa shares a Venmo request from an angry sports bettor, highlighting the issue Venmo and the NCAA aim to address.

As the college football season approaches, Venmo has partnered with the NCAA to tackle this issue effectively. The partnership will introduce a reporting hotline for student-athletes to report any cyberbullying incidents and unwanted requests for payment related to betting outcomes.

In addition, Venmo plans to implement ongoing monitoring of accounts, aiming to mitigate the number of payment requests tied to player performance. The initiative also includes a “best practices guide” educating athletes on protecting their accounts from possible harassment.

Player Safety and Regulatory Efforts

NCAA President Charlie Baker has been advocating for gaming regulators to limit betting opportunities based solely on individual athletes’ performances, often termed as player props. Baker argues that such betting practices heighten the risk of harassment towards these athletes on platforms like Venmo and social media.

Baker stated, “The harassment we see across various online platforms is unacceptable, and we need fans to do better. We applaud Venmo for taking action and call on other social media companies to follow suit.”

This concerted effort reflects a growing recognition of the need for protective measures in sports betting, particularly for vulnerable student-athletes.

Recently, professional golfer Scottie Scheffler revealed his decision to delete his Venmo account due to relentless requests for money from bettors after games. He commented, “I often received small payments from happy bettors, but I had to deal with many requests for money when I didn’t win. It was an uncomfortable experience.”

In response, Venmo’s collaboration with the NCAA will also extend to public service announcements highlighting the risks of making payment requests to student-athletes pertaining to sports wagers.

David Szuchman from PayPal indicated that unwanted interactions, though statistically minor, are still regarded as unacceptable and warrant immediate attention.

Upcoming College Football Season Highlights

The college football season is set to kick off with some exciting matches, including a clash between the top-ranked Texas Longhorns and No. 3 Ohio State in Columbus. This match marks a historic moment, as it’s the first time a preseason number one seed enters the season as an underdog. The Buckeyes are slightly favoured, with a two-point margin, and an expected total of 47.5 points for the game.

Other noteworthy games this weekend will feature No. 9 LSU taking on No. 4 Clemson, where Clemson stands as a four-point favourite, and No. 6 Notre Dame visiting No. 10 Miami, with Notre Dame expected to win by 2.5 points.

This year’s season promises to be thrilling, with rivalry matches and high stakes, further complicating the sphere of sports betting.

In summary, as sports betting continues to gain traction, platforms like Venmo are taking proactive steps to ensure the safety and well-being of student-athletes. By implementing measures to combat harassment and providing educational resources, Venmo aims to create a safer and more responsible betting environment.

Virginia Committee Mulling Formation of Gaming Commission Hears About iGaming

Virginia Committee Considering Formation of Gaming Commission Discusses iGaming

Virginia lawmakers are actively looking into the potential establishment of a gaming commission to regulate the evolving landscape of gambling within the state. In recent years, legal gambling has grown significantly with the introduction of casinos, sports betting, and historical horse racing (HHR) machines.

Key Points of Discussion

Formation of a Gaming Commission: The committee is considering the benefits of creating a dedicated body for gaming regulation.
Expanded Gambling Options: Virginia has seen a surge in legal gambling, pushing the need for effective oversight.
iGaming Focus: Recent discussions highlighted the importance of regulating online casinos and the potential threats posed by unregulated offshore gambling.

Overview of Virginia’s Gambling Landscape

The Virginia General Assembly formed a special joint subcommittee in 2023 with the primary goal of assessing the feasibility of a dedicated gaming commission. Currently, the Virginia Lottery Board is responsible for oversight; however, some legislators argue that it lacks the necessary resources to effectively manage the rapidly growing industry.

Virginia is comparatively new to the gambling scene. Until as recently as 2018, it maintained strict limits on gambling activities. It first legalized HHRs at horse racetracks, which then led to the introduction of casino licenses four years later through significant legislative changes. Now, online sportsbook licenses could soon follow, building on the existing wagering options.

The Need for a Gaming Commission

As gambling continues to gain traction, some legislators, including Del. Marcus Simon of Falls Church, argue that a regulated environment is necessary to combat illegal gambling and protect players. He advocates for legalizing online casinos to displace unregulated offshore platforms that cater to Virginia’s residents.

“We’re not creating a new category here with iGaming — that ability already exists,” Simon remarked, emphasizing the urgency to bring such gambling under official regulation.

Opinions from Experts

Former director of the New Jersey Division of Gaming Enforcement, David Rebuck, shared insights on the growth of New Jersey’s iGaming market, noting that it has complemented existing casinos rather than detracting from them. Discussions surrounding the potential consequences of legalizing online casinos have drawn varied opinions from gambling experts.

Keith Whyte, a former executive director of the National Council on Problem Gambling, highlighted the necessity of incorporating responsible gaming tools into any iGaming regulatory framework to protect players. Conversely, some, like consultant Brianne Doura-Schawohl, express concerns about the dangers posed by internet gambling, equating it to illicit drug markets.

“Just because it’s happening doesn’t mean the state should legalize it,” Doura-Schawohl cautioned.

Next Steps for the Subcommittee

The subcommittee is expected to provide recommendations to the General Assembly by November 30, 2025. These recommendations will determine whether Virginia should move forward with a gaming commission and explore additional gambling options. Key stakeholders in the Virginia gaming scene currently include major operators like Hard Rock, Rush Street, Caesars, Cordish, and Boyd.

Conclusion

As Virginia navigates the complexities of gambling regulation, the discussions surrounding the formation of a gaming commission remain crucial. With the growth in legal gambling options, lawmakers and stakeholders are being called upon to establish a framework that ensures fair practices and protects the interests of players across the state.

Quadruple Zero Roulette Hits Las Vegas Strip

Quadruple zero roulette raises the casino house edge
Bonus wheel tempts players with rare jackpot multipliers
Las Vegas casinos trade fairness for spectacle and entertainment

It was probably just a matter of time, but “quadruple zero” roulette has finally landed in Las Vegas. The new game, known as Bonus Wheel Roulette, debuted at the Palazzo and comes with not just one or two, but four zeros! To enhance the thrill, a bonus wheel offers a tantalizing 500× jackpot, drawing players in with the promise of big wins.

In this innovative game by Interblock, the traditional green zero pockets have been swapped for four vibrant, jewel-colored “gem” spaces. Hitting one of these gems activates the bonus wheel, which presents an opportunity for multipliers that can significantly inflate your potential payout. However, don’t let the glamour of the game cloud your judgment—the underlying mathematics are daunting.

Edge of Reason

According to reports from Vegas Advantage, betting on the numbered slots (1–36) carries a staggering 10% house edge. Betting on the gem pockets isn’t much better, with a hefty 9.25% advantage going to the house. This stands in stark contrast to the European single-zero roulette, which typically offers a mere 2.7% house edge. The American double-zero game has a house edge of 5.26%, while even the controversial triple-zero format offers a comparatively better rate of 7.69%.

Interestingly, Bonus Wheel Roulette features some of the worst odds on the Strip, though it’s not entirely hopeless. The notorious Big Six Wheel could serve as a grim reminder with house edges boasting a range between 11.11% to an extraordinary 24%, depending on your bets. Likewise, keno often runs between 20% and 40%. And for traditional slot machines, house edges can vary from 5% up to 15% or higher.

Despite these odds, the allure of Bonus Wheel Roulette remains strong. Many casual gamblers seem to prioritise entertainment and spectacle over probability theory. They gravitate towards the flashing lights, spinning wheels, and the possibility of landing a massive payout rather than playing it safe with steady wins.

Zero Creep

The triple-zero (or “3-zero”) roulette first appeared in Las Vegas in October 2016 when The Venetian rolled it out under the moniker “Sands Roulette”. The introduction simply involved adding a third zero slot alongside the traditional 0 and 00. By mid-2018, this format became more prevalent across the Strip, and now it’s quite ubiquitous.

The arrival of quad-zero roulette speaks to a larger trend in the gaming industry where new games are designed to refresh gameplay while maximizing casino profits. This particular four-zero format might seem excessive, but it embodies the ongoing strategy of prioritising showmanship over a fairer gaming experience.

In closing, Casino players and enthusiasts may want to enjoy the spectacle that Bonus Wheel Roulette offers at the Palazzo. However, being aware of the odds and house edge is vital for an informed gaming experience.

Ultimately, the thrill of gambling hinges not only on the potential for winning big but also on the excitement derived from the entire experience. Whether you’re willing to take a chance on the quad-zero roulette or stick with tried-and-true games, the choice is yours.

PGA Tour Advocates for Legal Sports Betting in Georgia

The PGA Tour is championing the cause for legal sports betting in Georgia, a state that plays a vital role in its operations. During a recent session of the House Study Committee on Gaming, officials emphasized the need for the state to embrace sports betting, a practice already legalized in 39 other states.

Importance of Legalization

PGA Tour’s Influence: The PGA Tour’s advocacy is crucial as Georgia hosts significant golfing events, enhancing the state’s visibility in sporting circles.
Engagement and Revenue: Legal sports betting is expected to boost fan engagement and increase revenue through taxation and oversight.

Tommy Fleetwood at Tour Championship — Tommy Fleetwood hits a drive during the Tour Championship at East Lake Golf Club in Atlanta.

The House Gaming Study Committee, created through House Resolution 753 earlier this year, is examining various facets of the gaming industry. After a series of hearings, they will present recommendations to the General Assembly on potential gambling legislation for the upcoming 2026 session.

During the meeting at the Georgia State Capitol, the PGA Tour was invited to share its insights on why Georgia should consider joining its neighboring states like Tennessee and North Carolina in legalizing sports betting.

The Benefits of Sports Betting

According to Scott Warfield, the PGA Tour’s vice president of gaming, embracing regulated sports gambling can significantly enhance the experience for fans and the integrity of the sport. He stated:

“Legal mobile sports betting is beneficial for Georgians and adds greater protection and oversight. It’s about safeguarding the integrity of our sport and capturing the interest of millions of fans.”

Warfield pointed out that even if the state does not legalize gambling, sports betting is taking place unofficially, limiting the potential benefits. He indicated that with proper regulation, Georgia could monitor the industry and gain valuable tax revenue.

He highlighted that neighbouring states have already experienced these benefits, creating a ripple effect of economic activity and sporting engagement.

Economic Potential of Sports Betting

Sponsorship Opportunities: Sports leagues can forge beneficial agreements with betting companies, ensuring financial support and promotional opportunities.
Official Data Streams: Teams can negotiate contracts with sportsbooks for access to their statistics, enhancing their visibility and revenue.

The Role of Golf in Georgia

Georgia is indispensable to the PGA Tour, particularly as home to the Masters, one of the world’s highest-profile golf tournaments held annually at Augusta National Golf Club. Additionally, the Tour Championship takes place at East Lake Golf Club, which recently concluded with a nail-biting finish. The state also hosts the RSM Classic each November.

The growth of sports betting is likely to further entwine professional sports with the economy of Georgia, providing a stimulus for local businesses and enhancing the overall spectator experience for golf fans.

Summary

The initiative by the PGA Tour to legalize sports betting in Georgia exemplifies the intersection of sports and local economic development. By advocating for sports betting, the PGA Tour aims to enhance fan engagement, provide financial benefits to teams and the state, and ensure a regulated environment for sports enthusiasts. The possible legalization presents a unique opportunity for Georgia to strengthen its reputation as a pivotal state in the realms of sports and entertainment.