Betting on tomorrow’s news
USC Annenberg graduate student Daryl Paranada takes us inside an unusual online practice: gambling fake money on future news events.
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Do you know that:
- In 1911 US legislation prohibited stud poker but ruled that draw poker was a game of skill and therefore was not illegal.
- The most popular forms of illegal games are "numbers", which is essentially a lottery, and betting with bookies, typically sports betting.
- The major differences between regular poker and video poker is that you are playing against a machine rather than real people, and your goal is to achieve particular hands rather than beat opponents hands.
- 1973: The MGM Grand opens on the Strip, becoming the world's largest hotel.
1989: One of Vegas's most extravag-ant hotels opens. Steve Wynn's Mirage resort features a man-made volcano and over 3,000 rooms. Siegfried and Roy sign a $57 million, five-year contract to provide entertainment at the hotel.
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