Tag Archives: ReadWrite

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 →

The Canadian rapper Drake has posted on social media that there will be three livestreams back-to-back, with people who sign up having the chance to win 10% of his take home winnings. The Stake branding is visible throughout the video, … Continue reading →

A newly filed amicus brief in Kalshi’s ongoing legal fight with Maryland is adding fuel to a growing debate about who should regulate sports-related prediction markets, federal commodities regulators or state gambling authorities. In a filing sent to the U.S. … Continue reading →

The Federal Bureau of Investigation (FBI) has issued a public service announcement as they warn of the risks of illegal gambling. The law enforcement agency explains how the sports betting industry has become more widespread in the U.S, with 39 … Continue reading →

Coinbase is buying The Clearing Company, a startup that focuses on prediction markets, as the crypto exchange looks to broaden its lineup of regulated, onchain products tied to real-world events. The deal comes shortly after Coinbase rolled out prediction markets … Continue reading →

Senator Brian Schatz from Hawaii could be eyeing up introducing legislation that could see sports prop bets being heavily regulated in the United States. The journalist Pablo Torre, of Pablo Torre Finds Out, took to X to share that he … Continue reading →

FanDuel Predicts, the sportsbooks prediction market in partnership with the CME group, is officially launching in five states, with a phased expansion to others early next year. The app is available in Alabama, Alaska, South Carolina, North Dakota, and South … Continue reading →

The U.S. District Judge Virginia Covington has sentenced a man in Tampa, Florida, to seven years and six months in federal prison for conspiracy to commit wire fraud and aiding and assisting in the filing of false and fraudulent tax … Continue reading →

A 32-year-old has been sentenced after pleading guilty to permitting an illegal gambling house for gain, the Michigan Gaming Control Board has confirmed. The man, Gurjinder Singh, was sentenced by Judge Steven M. Timmers in 62A District Court in Kent … Continue reading →

The Florida Gaming Control Commission (FGCC) assisted the U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (HSI) and the Internal Revenue Service (IRS) with ‘Operation Funny Money’ which saw coordinated enforcement action targeting alleged illegal gambling across Florida. The operation … Continue reading →