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Hedge Funds Pocket Billions as Gambling Stocks Slide Under Regulatory and Market Pressure
Hedge funds have generated enormous profits this year by betting against publicly traded gambling companies, as a wave of declining share prices across the online betting sector delivered billions in gains to short sellers. Hedge funds have earned at least $2.3bn in 2025 through short positions targeting major online gambling operators. The profits came as several of the industry’s largest listed companies suffered steep market declines amid increasing regulatory pressure,
34 minutes ago
Supreme Court Seeks Centre, ED Response on Plea for Time-Bound Probe Into Alleged Jaypee Money Laundering
New Delhi: The Supreme Court on Wednesday sought responses from the Centre and the Enforcement Directorate (ED) on a petition demanding a time-bound investigation into the alleged money laundering involving the Jaypee group and requesting that any proceeds of crime recovered be used to complete stalled housing projects. A bench led by Chief Justice of India (CJI) Surya Kant issued notice on a petition filed by Vandana Sabharwal, a homebuyer in one of the Jaypee projects. The
53 minutes ago
ED Intensifies ₹182-Crore Money Laundering Probe Into CMRL, Scrutiny Falls on Veena-Vijayan
New Delhi: Alleged fraudulent payments involving Veena, daughter of former Kerala chief minister Pinarayi Vijayan, have come under the scanner as the Enforcement Directorate (ED) stepped up its ₹182-crore money laundering investigation linked to Cochin Minerals and Rutile Limited (CMRL). Investigators associated with the probe indicated that “one of the fake expenses booked by CMRL is towards the payment to Veena.” Officials connected to the case further stated that Veena’s c
1 day ago
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Austria Moves Toward Online Gambling Liberalisation as Leaked Draft Law Signals End of Monopoly
Austria appears to be moving closer to a major transformation of its gambling market after a leaked draft law revealed plans to dismantle the country’s longstanding online casino monopoly and introduce a multi-licence regulatory framework for the first time. Following months of political delays, uncertainty and repeated setbacks, Austria’s Finance Ministry has now finalized a draft proposal outlining the future structure of the country’s gambling industry. At the center of
Oil Prices Surge After US Strikes on Iranian Military Site in Bandar Abbas
Oil prices climbed sharply after the United States launched fresh attacks on Iran, striking a military installation in Bandar Abbas, a strategically important port city on Iran’s southern coast. The US Central Command (Centcom) said American forces also intercepted and destroyed four Iranian drones “that posed a threat around the Strait of Hormuz”. Following the attacks, the global benchmark for oil prices, Brent crude, jumped 3.75% to $97.83 (£73.15) per barrel. Meanwhile, U
Hedge Funds Pocket Billions as Gambling Stocks Slide Under Regulatory and Market Pressure
Hedge funds have generated enormous profits this year by betting against publicly traded gambling companies, as a wave of declining share prices across the online betting sector delivered billions in gains to short sellers. Hedge funds have earned at least $2.3bn in 2025 through short positions targeting major online gambling operators. The profits came as several of the industry’s largest listed companies suffered steep market declines amid increasing regulatory pressure,
Supreme Court Seeks Centre, ED Response on Plea for Time-Bound Probe Into Alleged Jaypee Money Laundering
New Delhi: The Supreme Court on Wednesday sought responses from the Centre and the Enforcement Directorate (ED) on a petition demanding a time-bound investigation into the alleged money laundering involving the Jaypee group and requesting that any proceeds of crime recovered be used to complete stalled housing projects. A bench led by Chief Justice of India (CJI) Surya Kant issued notice on a petition filed by Vandana Sabharwal, a homebuyer in one of the Jaypee projects. The
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