Category: General

Predictions Markets? Yes, we've known about those for 20 years! In recent months there has been a surge of interest in prediction markets. Silicon Valley startups, financial commentators and economists are suddenly fascinated by the idea that markets can be used to forecast the future. Polymarket and Kalshi often hit the...

The Brutal Taxation Of Gambling Only the bookmaker wins, bookmaking is a license to print money are popular phrases. But in reality, only the taxman wins in the long term, and it's getting worse. You have to question whether the knock-on effects will reduce the effective tax yield and negate...

Tax Hikes Won’t Solve Problem Gambling Behaviour A common argument for raising taxes on Gambling is that Gambling is harmful and therefore high taxation is a solution to this problem. The reality is that raising taxes on Gambling generally doesn't increase Government revenue and does little to solve problem gambling;...

A Personal Reflection on 7 July 2005 A morning that began like any other Most of us associate 7 July with the darkest memories of London’s recent history. That morning began like countless others: an early train, a hurried change to the Underground and a glance at the station clock...