Intel shares jump as Softbank to buy $2bn stake in chip giant

The announcement comes hours after reports that the White House is in talks over taking a 10% stake in Intel.

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SoftBank makes $2B investment in Intel

SoftBank will pay $23 per share for Intel common stock.

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College basketball point shaving federal investigation moving toward indictments

The federal investigation into point shaving and game fixing in college basketball, led by the U.S. Attorney’s Office in the Eastern District of Pennsylvania (EDPA), is moving toward indictments. 
There is said to be a focus on “Southern schools,” but the probe has transcended multiple regions and competitions nationwide with a link to the gambling ring that enticed former NBA star, Jontay Porter, who was banned for life last year due to betting-related violations.
A source close to the situation told Sports Illustrated that “There are going to be charges. 
“It’s going to be national in scope. It’s going to involve multiple players and programs,” they added, pointing to the severity of the college basketball probe.
Investigators have interviewed players suspected of manipulating performances to benefit gamblers, with at least nine college games across recent seasons flagged for suspicious wagering. 

In other college sports crime-and-punishment news, this involves actual (alleged) crimes: https://t.co/HSf2RzP0OA
— Pat Forde (@ByPatForde) August 15, 2025

College basketball probe is a much bigger case than first expected
Integrity monitoring services identified unusual betting patterns involving at least five teams, including New Orleans, Eastern Michigan, Mississippi Valley State, and Temple, while others such as Fresno State, Loyola Maryland, and North Carolina A&T have been mentioned.
The NCAA is also conducting its own investigations, with some schools like New Orleans suspending players for potential gambling violations.
Looking at the bigger picture, U.S. attorneys have not yet made a public comment on the gambling ring conspiracy, but the case appears to be a much larger one than first anticipated.
Up to now, five people have been charged over the Jontay Porter scandal, with four pleading guilty to wire fraud conspiracy, and a sixth (Shane Hennen) facing charges of involvement in a multi-billion-dollar betting scheme.
The case continues with much more to come on this developing situation. 
ReadWrite approached the U.S. Attorney’s Office in the Eastern District of Pennsylvania, but they declined to comment.
Image credit: PCVB
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Pakistani YouTuber Ducky Bhai arrested over alleged gambling endorsements

Prominent Pakistani YouTuber Ducky Bhai, real name Saadur Rehman, was detained by the National Cyber Crime Investigation Agency (NCCIA) at Lahore Airport on Sunday.
A two-day remand was approved by the courts over the alleged promotion of online gambling and betting platforms, including Binomo and 1xBet, through his YouTube channel, which has more than eight million subscribers.
The influencer is one of Pakistan’s most popular content creators, with this latest indiscretion coming after he was cautioned by motorway police for performing dangerous stunts while behind the wheel earlier this year.
Following his arrest, Rehman was presented at a local court in Lahore, where authorities requested a two-day remand, which was subsequently granted, with a request for the individual to appear again on August 19 (Tuesday).
As detailed by Pakistan Today, the NCCIA had been investigating Ducky Bhai due to the content on his YouTube channel, accusing him of facilitating online gambling by endorsing several platforms, with some of those not registered in Pakistan.
Back in March, the Google-owned mega site vowed to crack down on “unapproved” betting and gambling videos, but examples like this show that such content is still visible.
It has been alleged that viewers of the channel suffered financial loss after investing in some of the apps endorsed by Ducky Bhai, who has not yet commented on the ongoing legal wrangle.
NCCIA officials confirmed that the case is ongoing with further proceedings to unfold in the coming days.
The previous dangerous driving controversy could be a costly hangover for Rehman, after the online content went viral, putting his name into the headlines for the wrong reasons.
He was shown to be driving on the motorway at high speed, with his feet on the sterling wheel and appearing to be asleep, with the car cruising on autopilot. The stunt triggered significant criticism with the national motorways police specifically issuing a public awareness video to warn people against the activity.
Image credit: @duckybhai/X
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NBA and Players Association willing to look into limiting player prop bets

The National Basketball Association (NBA) and the league’s players’ association have indicated they will support further restrictions on prop bets to reduce the risk of athlete manipulation and abuse from bettors.
Speaking to ESPN, an NBA spokesperson said that: “Protecting the integrity of our game is paramount, and we believe reasonable limitations on certain prop bets should be given due consideration.
“Any approach should aim to reduce the risk of performance manipulation while ensuring that fans who wish to place prop bets can continue to do so via legal, regulated markets.” 
A proposition bet (prop bet) is a set wager on a player or team that is not necessarily related to the full outcome of the game.
The proliferation of sports betting has been widespread since the US Supreme Court cleared the way for states to legalize sports betting back in 2018. 
Billions of dollars have been generated by the gambling industry in collaboration with professional sports bodies, but the negative aspects have directly penetrated the games, too. 
The NBA banned former Toronto Raptors player Jontay Porter in April last year after he was found to have compromised his performance in two games, while Gilbert Arenas was arrested on suspicion of running illegal poker games, and Detroit Pistons guard Malik Beasley came under the spotlight in relation to prop bets during the 2023-24 season.
Over in MLB, Cleveland Guardians pitchers Luis Ortiz and Emmanuel Clase were sent on paid leave following separate gambling probes, and most recently in NCAA, Oklahoma quarterback John Mateer has faced scrutiny after screenshots of past references to “sports gambling” surfaced on his Venmo account, but the incident has been plated down as merely “inside jokes” with friends.

“Any approach should aim to reduce the risk of performance manipulation while ensuring that fans who wish to place prop bets can continue to do so via legal, regulated markets.”https://t.co/Ba9Rkqq7nE
— David Payne Purdum (@DavidPurdum) August 15, 2025

Alarming source of player harassment, says NBPA
With players facing a federal gambling investigation, the NBA and its players’ union, the National Basketball Players Association (NBPA), have backed further limitations on certain types of bets. As part of this move, the NBA has called on partner betting operators to remove markets on prop bets relating to players on two-way contracts, such as Porter at the time of the incident.
The NBPA believes the Porter scandal is an isolated case, with no other evidence presented of performance manipulation, but it is worried about how players are being targeted with abuse from unhappy punters.
“(The athletes) are concerned that prop bets have become an increasingly alarming source of player harassment, both online and in person, said an NBPA spokesperson  
“If tighter regulations can help minimize that abuse, then we support taking a closer look at them.”
Jontay Porter, Terry Rozier, and Malik Beasley are three NBA players known to have been investigated as part of a federal gambling probe, but the latter two have not been charged with any criminal offense.
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German regulator, GGL, shares quarterly revenue for first time

The German gambling regulator, Gemeinsame Glücksspielbehörde der Länder (GGL), has issued quarterly figures on gaming and betting stakes for the first time ever.
August has been marked as beginning the process of sharing quarterly publications, with permitted providers giving the figures to the regulator.
The aim in doing so is to ensure more transparency in the legal gambling market and to regularly inform the public and policymakers about market development.
For Q1, the total gambling stakes were €3.51 billion, with €2.18 billion falling under the sports betting category. €1.59 billion is classed under online betting, with €585 million in retail sportsbooks. Then, up to €25 million was attributed to horseracing betting.
GGL data shows that Q2 gambling revenue dropped by 8.3%
While these figures are high, the second quarter saw an 8.3% drop compared to the first, as total gambling and betting revenue came to €3.22 billion.
In Q2, sports betting amounted to €1.89 billion, which represents a 13.5% decline based on the previous quarter. Horseracing, however, saw a major 28% increase as it rose to €32 million in the second quarter.
This is the first time the GGL has published the quarterly data, with more to come going forward.
This latest decision comes after there was a change of chairmanship on the Board of Directors of the GGL in July. Sandro Kirchner, State Secretary in the Bavarian State Ministry of the Interior, Sport and Integration, took over the chairmanship and succeeded Reiner Moser, Head of the Office in the Ministry of the Interior, for Digitization and Municipalities for Baden-Württemberg.
When State Secretary Kirchner was announced to be taking over the role, the GGL was described to be in a phase of pursuing ambitious goals and stronger international networking, while aiming to further contain the illegal gambling market.
“The consistent pursuit of illegal offers and player protection are my highest priority. The work of the GGL must continue to be significantly aligned with the goal that the business model of illegal gambling in Germany must not be worthwhile,” Sandro Kirchner is quoted as saying.
Featured Image: AI-generated via Ideogram
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Governor Murphy signs New Jersey sweepstakes ban into law

Governor Phil Murphy has signed a bill into law which prohibits the sweepstakes model of wagering in the state of New Jersey.
It was signed into law on August 15, with the bill – named A-5447, having first been introduced in March of this year. In June, the matter was in committee and it eventually passed in August.
It aims to prevent sweepstakes-style gambling operations in New Jersey through establishing new legal definitions and enforcement mechanisms. As part of the new law, penalties for unlawful gambling operators and practices have included and it’ll be up to the Division of Consumer Affairs and Division of Gaming Enforcement to enforce these established penalties.
It has been designed to close legal loopholes and provide more robust consumer protections.


New Jersey sweepstakes ban includes potential fines of up to $250,000
According to the bill, which is now law, ‘sweepstakes’ has been defined as a promotional event where participants can win prizes. Now, any sweepstakes where people must pay or provide something of value to enter would be considered unlawful gambling. The potential civil penalties of this are up to $250,000 for repeat offenders.
The bill, however, does provide a narrow exception for sweepstakes that offer a free method of entry, along with clear disclosure of rules and odds and prohibits participation from minors for prizes over $1,000, and ensures equal winning odds regardless of entry method.
NJ A5447 also includes the expansion of definitions of gambling activities and increases potential criminal penalties for various gambling-related offenses.
This latest move marks another state which has approved a sweepstakes ban, with others like Connecticut, Montana, Nevada, and New York having already voted to prohibit this model of wagering. Some other states have been discussing the potential legislation too, including Maryland, Florida, and Arkansas, although some discussions have died out.
Featured Image: Credit to Adithyavr on Wikimedia Commons, CC 4.0 license
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Intel is getting a $2 billion investment from SoftBank

SoftBank will pay $23 per share for Intel’s common stock, acquiring roughly 2% of the struggling chipmaker.

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Allianz Life data breach affects 1.1 million customers

Data breach notification site Have I Been Pwned notified 1.1 million customers of a July data breach, a number not previously reported.

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Palo Alto Networks reports earnings beat, says founder Nir Zuk retiring from company

Palo Alto Networks surpassed Wall Street’s fiscal fourth-quarter estimates and issued upbeat guidance.

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