Tag Archives: ReadWrite

Thirty Congress members have supported a bill that would prevent federal officials and political employees from using prediction markets that could be influenced by insider information. After an anonymous Polymarket user cashed out with over $400,000 on a trade related … Continue reading →

Tennessee has sent three cease-and-desist letters to prediction markets, Kalshi, Polymarket, and Crypto.com, demanding an immediate end to operations. Three major prediction markets have been instructed to cease operations in Tennessee, after the Tennessee Sports Wagering Council sent cease-and-desist letters … Continue reading →

Gaming giants Aristocrat Leisure and Light & Wonder have reached a settlement covering all lawsuits in Australia and the U.S. tied to Light & Wonder’s Dragon Train and Jewel of the Dragon slot games. The dispute began when Aristocrat accused … Continue reading →

Ten former and current Thai Members of Parliament (MPs) have been exposed for being involved with scam and gambling networks in the country. Thailand’s Justice Minister Pol. Lt. Gen. Rutthaphon Naowarat has said that an operation to put them behind … Continue reading →

The American football wide receiver for the New England Patriots, Kayshon Boutte, has penned an emotional essay as he recalls his gambling addiction in the hope it helps someone else going through the same thing. Titled ‘How the hell did … Continue reading →

DraftKings has been hit with a lawsuit accusing the betting company of breaking wagering laws in seven different states. The multi-state class-action is being headed by Michael Koester, based in Michigan, who claims that DraftKings is allowing players to increase … Continue reading →

A popular Australian poker player has taken to social media to apologize after cheating at a recent event, with the Southern Poker Tour also confirming he is no longer a brand ambassador. Chris Skinner, who took part at the Poker … Continue reading →

Cambodia extradites billionaire businessman Chen Zhi to China, where he is accused of running a vast scam empire spanning cryptocurrency, illegal gambling, and labor camps. Prince Group, the company being used to commit the alleged crimes, has had its operations … Continue reading →

FanDuel has been hit with a CAD 350,000 ($252,000) penalty from the Alcohol and Gaming Commission of Ontario (AGCO). The fine comes as the Canadian arm of the sports gambling giant failed to tackle match fixing and “suspicious betting.” The … Continue reading →

The prediction market company, Polymarket, will now be integrated during New York Rangers games at Madison Square Garden, following the announcement of a brand-new partnership. In the shared news, it’s been confirmed that Polymarket has become the Official Prediction Market … Continue reading →