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A lawsuit has been filed this week in Nevada by a high-stakes gambler and a businessman, which alleges violations of the Racketeer Influenced and Corrupt Organizations Act (RICO) against executives at Resorts World Las Vegas.
Gambler Robert (R.J.) Cipriani and businessman James Russell filed the suit, which makes allegations against former and current executives at the company, including former hotel president Scott Sibella and Las Vegas attorney David Chesnoff, among others.
The complaint begins by stating that since its opening in 2021, “Resorts World has proven beyond question that it is unfit and incapable of operating a casino and hotel complex in compliance with the law.”
It continues to mention the landmark $10.5 million fine, which was issued earlier this year by the Nevada Gaming Commission. The casino was punished following alleged anti-money laundering failings, with the Gaming Control Board signing off on the financial punishment with a unanimous 4-0 vote.
Number of people named in lawsuit
“As recounted here, Genting Berhad and Resorts World adopted a deliberate business strategy — premised on ignoring regulatory and legal restrictions — to maximize revenues by welcoming criminals at Resorts World to launder their illicit proceeds,” the lawsuit alleges.
A number of people are mentioned within the complaint, and it marks the second time that Robert Cipriani has filed against Sibella and Resorts World, with the other being from last year.
According to the Nevada Current publication, a spokesperson for Resorts World said via email on Thursday: “We typically do not comment on pending litigation, but this lawsuit repackages old matters and is yet another attempt to bring negative attention to Resorts World Las Vegas and seek some form of compensation.”
“We will vigorously defend ourselves against this meritless action,” the spokesperson’s quote continued. ReadWrite has reached out for comment and to confirm the statement.
Featured Image: CC 2.0 license from Ken Lund on Wikimedia Commons
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Three people in Italy have been arrested over alleged illegal gambling, with local media reporting that it generated more than €25 million in illegal revenue.
According to a daily Naples newspaper, the ‘millionaire turnover’ allegedly occurred from 2019 to 2022 and relates to illegal totems.
Another Italian publisher, Il Sole 24, states other allegations too, like money laundering and the fraudulent transfer of assets. The investigation is being led by the District Anti-Mafia Directorate of Salerno and the Investigative Unit of the Carabinieri in Salerno, with this having been described as a wide-ranging operation.
Alongside the arrests, a seizure of assets was also ordered, with these believed to be valued at no less than €4 million and included properties, land, luxury cars, over €1.5 million in cash, and commercial premises.
In Italy, the Direzione Investigativa Antimafia (DIA) works across multiple sectors, including identifying sectors at risk of money laundering.
Regulators across Europe come together against illegal gambling
This comes just a week after regulators across Europe called for stronger measures against illegal gambling. A joint institutional statement was issued by regulators of Austria, France, Germany, Great Britain, Portugal, Spain, and Italy, with all showing a real focus on this issue.
Within the announcement, it explained how the renewed and united commitment by the multiple jurisdictions aimed to strengthen the integrity of the regulated gambling sector and to protect citizens from the risks posed by illegal gambling activities.
“The fight against illegal online gambling is one of the paramount tasks facing regulated jurisdictions. Its borderless nature and the speed of technological innovation make it easier for illegal operators to evade regulatory oversight,” the press release read.
All of the countries involved expressed a strong commitment to consumer protection, market integrity, and compliance with national and international regulations and agreed to share information on illegal operators amongst them.
Featured Image: AI-generated via Ideogram
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The Massachusetts Gaming Commission has fined Fanatics Betting and Gaming $20,000, following a vote that landed at 4-1.
The issue was due to accepting prohibited bets on a non-tournament Massachusetts collegiate football team, with the item discussed in a recent meeting on 4 December. It was initially recommended by the Investigations and Enforcement Bureau (IEB) that the commission assess a civil administrative penalty upon FBG Enterprises Opco LLC, which does business as Fanatics Betting and Gaming, for a non-compliance event.
According to the meeting notes, the event occurred from September 15, 2024, through September 20, 2024, and the IEB originally briefed the regulatory board on the happenings in January. It’s reported that the company’s trading team mistakenly overrode an offering limit for the game, which enabled the illegal bets to be accepted through the online platform. During the meeting, it was explained how the employee had been let go.

The incident allegedly included 83 wages, which had been accepted for a total handle of $3,325 while the market was live. The wages are described in the meeting as having been a combination of both straight bets, 23 wages for a $2,118 stake, and parlay bets with 60 wages for a $1,207 stake. The sportsbook operator voided the losing wagers and paid out those that won.
Fanatics fined following September 2024 incident in Massachusetts
The IEB investigated the matter and had further discussions with Fanatics, with a review finding that no additional information was uncovered that would materially change the nature of the non-compliance.
After deliberations began, and explanations as to how Fanatics have taken steps to try and eliminate the issue as best they can, Commissioner Eileen O’Brien stated she wasn’t satisfied with the fine.
“I think only going up 5,000 each time they do this is not much of a deterrent on the operator. Hearing somebody that made a mistake loses their job is good in some senses, but in the other sense, the risk is really on the employee and not the company.”
The commissioner continued to state that she would have gone ‘harsher’ and highlighted the revenue they make before it concluded with a vote.
Featured Image: Via Massachusetts Gaming Commission on Facebook
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Broadcasting giant CNBC and prediction market Kalshi have penned a multi-year partnership.
The media conglomerate will, as a result of the deal, incorporate Kalshi’s real-time data into its broadcast media, digital platforms, and paid-for content.
CNBC and Kalshi strike deal
The partnership will be the second for a news and entertainment platform that will draw information and data from the predictions market provider.
“Prediction markets are rapidly shaping how investors and business leaders think about important events,” said KC Sullivan, President of CNBC.
We reported that CNN has also teamed up with Kalshi to delve into the expansive data resources the platform offers via an API.
This is presented as a “real-time” data stream intended to provide journalists, researchers, and broadcasters with immediate access to information.
Kalshi will feature on the news site
Kalshi posted the news on social media, calling it the dawn of a new media era.

CNBC x Kalshi
The leading business news network integrates the leading prediction market.
Kalshi’s data will supercharge CNBC’s reporting: unfiltered, accurate and market-driven.
A new era of media is here. pic.twitter.com/9s1qzWUAPz
— Kalshi (@Kalshi) December 4, 2025

The deal will begin in 2026, and alongside the traditional media coverage, there will be targeted marketing space for Kalshi in the paid-for services like CNBC’s Squawk Box and Fast Money.
This is likely the most relevant home for the event, and forecast data can inform the news coverage, but the brand will also feature as part of a ticker on broadcasts.
Kalshi will also add a standalone CNBC page to its website, “featuring CNBC-selected markets,” according to the release.
Sullivan concluded, “Kalshi’s data will serve as a powerful complement to CNBC’s reporting and help people stay better informed about the world around them.”
These two deals involving CNN and CNBC could be a sign of things to come for news providers seeking the most current data available.
Tarek Mansour, CEO of Kalshi, said that the deal with CNBC will “bring accurate, market-driven predictions to financial reporting. It’s the next evolution: moving from data about what’s happening now, to real-time forecasts about what’s happening next.”
Featured Image: Kalshi/CNBC.
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One of the NBA’s most legendary figures in recent times, James Harden, has announced a partnership with sweepstakes platform MyPrize.
The pairing seems surreal, given that the NBA is in the midst of a prop-betting scandal that has prompted the highest oversight in the United States to be brought to bear on the depth of the alleged issues.
Still, Harden has promoted the partnership with the gaming platform that boasts over 1 million players who have won a reported $1 billion in prizes.
Harden announces MyPrize agreement amidst the NBA betting scandal
As we reported, the NBA is reeling from the news that a number of former and current members of the association were involved in a prop-betting and sensitive information-leaking scandal, tied to an FBI illegal gambling investigation.
The allegations against Chauncey Billups and Terry Rozier, both active on the NBA roster as coach and player, respectively, resulted in their salaries being frozen while suspended.

Former NBA player and assistant coach Damon Jones arrived in court today to plead not guilty on illegal gambling and poker case charges.
Jones’ parents put their home in Houston up as collateral to help bail the 49-year-old out of jail on $200,000 bond.pic.twitter.com/UsaCvltx9q
— Evan Sidery (@esidery) November 6, 2025

Former star and coach Damon Jones was also charged in the recent sweeping scandal and has pleaded not guilty to his involvement in both cases.
So the eye of the media and federal investigators is narrowly pinned on the NBA and major stars at the moment, which makes Harden’s new deal with MyPrize all the more surprising.
MyPrize promotes Harden partnership
MyPrize has announced Harden as a “Premier Creator” as part of a promotional release on the team-up.
His role will be to promote the sweepstakes on social media by streaming the game and directly interacting with fans through “an integrated multiplayer social gaming experience,” says MyPrize.
Harden reposted the gaming platform’s post announcing the superstar guard, 2018 MVP, and 10-time All-Star, known for his elite scoring and assist skills and his signature step-back three-point shot.

LETS GOOOOOOOOO! https://t.co/8UTKQbVnWL
— James Harden (@JHarden13) December 4, 2025

“Connecting with my fans has always been one of the best parts of what I do, and MyPrize gives me a whole new way to do that,” said Harden. “I can hop on, stream, talk, and play with people in real time. It’s real, it’s fun, and it creates a whole new level of community.”
MyPrize is facilitated by Crypto.com (Crypto) and has a toe in the prediction market pool, which is growing rapidly in 2025.
Zach Bruch, Founder and CEO of MyPrize, said, “James is a cultural force whose influence spans sports, entertainment, and global fandom. Bringing him into the MyPrize creator ecosystem is a game-changing moment, not just for us, but for the entire social gaming and markets industry.”
Featured Image: MyPrize/PrNewswire.
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