Tag Archives: ReadWrite

Prediction markets are the latest in a long line of examples of how gambling innovation takes root in the gray areas. Major prediction markets are embroiled in lawsuits across the country, with some states like Arizona banning some operators altogether. … Continue reading →

The Kinston Police Department announced that its Violent Crime Action Team has concluded a months-long investigation into what authorities described as an illegal online gambling operation conducted through Facebook. According to a statement posted by the department, detectives took 51-year-old … Continue reading →

A finance director who swindled a business based in Birkenhead, England, out of nearly £1.9 million ($2.4 million) has been sentenced to prison after his “predilection for gambling got out of hand.” Allan Wood, 59, from Saltersgate in Ellesmere Port, … Continue reading →

The Chicago Blackhawks have announced a new partnership with Kalshi, making history in the process. This is the first time an NHL team and any professional sports team in North America has teamed up with a federally regulated prediction market … Continue reading →

The boss of gambling giant bet365 took home at least £280 million ($379 million) in salary and dividends last year, even though the company’s profits dropped sharply, according to its latest accounts filed at Companies House. A review of the … Continue reading →

Miami Heat guard Terry Rozier is now pushing back aggressively in court. A little more than two weeks after pleading not guilty, Rozier has taken the next step in his legal strategy by asking a federal judge to dismiss the … Continue reading →

Chicago is weighing a $16.6 billion city budget, and one part of it is catching the eye of the sports betting world. The proposal would shake up how sports wagering is taxed inside city limits. Chicago is planning to significantly … Continue reading →

The Gaming Authority in the Netherlands (KSA) has imposed a half-million euro fine on LeoVegas, on the same day it gives the operator Vbet a warning for ‘shortcomings.’ The €500,000 ($590,000) fine for LeoVegas has come as the regulators said … Continue reading →

A contractor has been accused in a post–Hurricane Milton scam, with police alleging he targeted elderly victims and spent upwards of $53,000 at casinos. Brian Michaud was arrested by Bradenton Police Department on Tuesday (December 16) on 13 felony charges. … Continue reading →

A British man who funneled money he’d stolen into gambling has been sentenced to seven years in prison, after conning 10 people out of more than £1 million ($1.4 million). Morgan Reeve, 26, of Wodehouse Road, Hunstanton, was sentenced at … Continue reading →