Tag Archives: ReadWrite

Macau authorities say they have arrested close to 600 people tied to foreign exchange crimes and seized more than $9 million since a new law against illegal money changers came into effect. The Combating Illegal Gambling Crimes Law, which began … Continue reading →

A 48-year-old man from Olympia was sentenced on Thursday (September 11), in a US District Court in Tacoma to 18 months in prison for wire fraud connected to a large embezzlement scheme that supported his gambling addiction, according to Acting … Continue reading →

The Social Gaming Leadership Alliance (SGLA) has shared a statement of its disappointment in the passing of the California sweepstakes ban bill. The SGLA has criticized the decision of the California Assembly Governmental Organization Committee to pass Assembly Bill 831 … Continue reading →

A newly unsealed affidavit is giving more details about the big illegal gambling investigation that ended with the arrest of suspended Osceola County Sheriff Marcos Lopez. In the affidavit, which was filed in Lake County Circuit Court and seen by … Continue reading →

The state of Massachusetts has filed a lawsuit against prediction market platform Kalshi for allegedly offering unlicensed sports gambling. The lawsuit was filed in Massachusetts state court on Friday (September 12), claiming that Kalshi had offered illegal sports gambling bets … Continue reading →

Shawn “Jay-Z” Carter stepped up as one of the biggest supporters of the Caesars Palace Times Square proposal as public hearings wrapped up Thursday (September 11). The Roc Nation founder pitched the project not just as a major boost for … Continue reading →

GambleAware, the United Kingdom’s leading charity on prevention and treatment for gambling harm, has shared concern that statistics have doubled across five years. The statistics come from the charity’s Annual Treatment and Support Survey, which has also brought the notes … Continue reading →

Hong Kong might be gearing up to change its sports gambling restrictions, as officials have endorsed a bill that could put basketball betting on the table. The Legislative Council of Hong Kong, or LegCo, gave the thumbs up as it … Continue reading →

Kalshi has ripped off the band-aid, launching its venture in sports wagering. The prediction market is now offering straight-up bets, instead of the more roundabout methods they had experimented with before. As we reported last month, this began with just offering … Continue reading →

Officers of the Quezon City Police District (QCPD) based in the Philippines conducted a raid on an illegal online gambling group. The raid was orchestrated by the Cybercrime Investigation and Coordinating Center (CICC), the Philippine Sweepstakes Office (PCSO), and the … Continue reading →