Tag Archives: ReadWrite

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 … Continue reading →

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 … Continue reading →

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 … Continue reading →

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 … Continue reading →

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 … Continue reading →

A builder who used company money and the sale of hired machinery to bankroll a gambling habit has been ordered to repay £190,577 ($254,558) following an investigation by the UK’s Insolvency Service. According to a press release, Vasile Hrusca, director … Continue reading →

The Social Gaming Leadership Alliance (SGLA) Executive Director Jeff Duncan has publicly disagreed with a recent Florida bill clamping down on sweepstakes. The Florida bill, titled HB 591, is an 86-page document that details the legal steps being prepared to … Continue reading →

A total of 12 offshore gambling operators have received cease-and-desist letters from the Michigan Gaming Control Board (MGCB) following investigations carried out by the regulator. The MGCB states in an update that these operators were “unlawfully offering online gaming and … Continue reading →

Connecticut Consumer Protection has issued cease-and-desist orders to three prediction markets for allegedly offering unlicensed online gambling. The Department of Consumer Protection Gaming Division send letters with cease-and-desist notices to three platforms conducting unlicensed online gambling, specifically sports wagering: Kalshi, … Continue reading →

Betfred have been hit with an £825,000 ($1.1 million) fine by the Gambling Commission due to money laundering and social responsibility failures. The operator, owned by Done Brothers (Cash Betting) Limited, will also receive a warning and will have to … Continue reading →