Flaming Scarabs

How to play Flaming Scarabs

Speaking at the 2026 South East Region Staff Excellence Awards in Gaborone, Kemorwale said unlicensed platforms were diverting an estimated P850m ($63.2 million) from Botswana’s economy each year and exposing children and teenagers to unregulated gambling.

He described the rapid growth of the illegal online market as one of the sector’s most serious challenges.

The bill would amend the Gambling Authority Act to align it more closely with the Financial Intelligence Act and Financial Action Task Force standards. Its memorandum says the changes are intended to strengthen anti-money laundering requirements and reduce financial crime risks.

What is Flaming Scarabs?

A quarter of respondents said they use both prediction markets and sportsbooks depending on the event they’re considering wagering on. While the 35% reduced use figure may sound like a warning shot to gaming companies, a variety of other studies and surveys indicate that when bettors can choose between a sportsbook and an all-or-nothing exchange, they frequently opt for the former.

While sports event contracts are currently the tentpole category for the prediction market industry, data indicate bettors and traders are embracing other categories.

Fullstory points out that while 62% of consumers have dabbled in sports event contracts, 42% traded economic or financial derivatives on a prediction market while a comparable percentage transacted in an election or political event contract. More than a quarter traded at least one entertainment or pop culture derivative.

About Flaming Scarabs

Well, I may as well go out guns blazing. Locked and loaded. You want to know what I really think about stuff? You probably guessed already, but here it is then, uninhibited this time. I can’t exactly say sit back and relax. Lean forward and focus. This ship is going down. When it finally sinks, my feeling is later this year, you better have a lifeboat.

I’ll start with a story. Once I had a job I didn’t like. I was an affiliate manager at some jewelry company. I’m not a marketer. I’m a thinker, trader, investor, writer. I was there for two years, marketing. After two years I decided I had to move on because I hated marketing. I wanted to go into finance. So I submitted a financial article somewhere and it was accepted. Then on my birthday in 2012, I decided with my wife I was going to quit and focus on finance. That morning, we went out for a birthday breakfast. We share the same birthday. It makes things easier, more convenient. I was going to show up late to work after breakfast and then announce I would be leaving.

After breakfast, before I got in the office, I get a call from my manager. He tells me the company decided to close up shop suddenly so there is no need for me to show up. Well, that’s convenient. I showed up anyway, said goodbye to my friends there, and I went off home, a burden lifted from my shoulders.