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Tag Archives: ReadWrite
Norwegian Lottery Authority hits Norsk Tipping with $1M fine
The Norwegian Lottery Authority has levied a fine of NOK 10 million ($1 million) on Norsk Tipping for a massive flaw in its gaming system. The flaw resulted from an algorithm that was incorrectly entered during the Norwegian lottery draw, … Continue reading
Sleeper accuses CFTC of “illegal delay” to prediction markets application
Sleeper Markets LLC, the entity operator of the popular fantasy sports app Sleeper, has publicly accused the U.S. Commodity Futures Trading Commission (CFTC) of an “illegal delay” on its application to register as a Futures Commission Merchant (FCM). This registration … Continue reading
Philippines Senate warns Meta after gambling inquiry no-show
In a heated Philippines Senate hearing on Tuesday, the Committee on Games and Amusement issued a show-cause order against Meta for failing to send representatives to a critical inquiry into the rise of illegal online gambling on social media platforms. … Continue reading
Louisiana chiropractor used $2.3M healthcare and insurance fraud to fund gambling habit
A Louisiana chiropractor was sentenced to seven years in prison due to an elaborate fraud scheme involving the manipulation of health care and insurance systems, in order to fund his gambling habit. Benjamin Tekippe, 40, from New Orleans, was held … Continue reading
IBJR launches tool that checks in seconds whether betting site is regulated
The Brazilian Institute of Responsible Gambling (IBJR) has launched a new website that can check if a betting website is regulated within seconds. The all-new interactive component is part of the ‘No More Elephant in the Room’ campaign, which was … Continue reading
TheLotter goes live with new site in Arizona, with more states to follow
The lottery company TheLotter has launched a new website in the states of Minnesota and Arizona, with the all-new platform aiming to make participating in lottery games easier. It initially went live back on August 4 in Minnesota, with the … Continue reading
Entain details new sportsbook features to enhance customer experience
Entain has unveiled a range of new features as part of its ‘product innovation strategy’ to enhance its betting offerings across the United States, the United Kingdom, and Brazil. The tools, aimed at improving the customer experience, include faster withdrawals, … Continue reading
Sports company Better Collective launches AI-powered auto-built bet tool ‘Playbook’
The digital sports media group Better Collective has launched ‘Playbook,’ which it describes as an AI-powered betting solution that will change how fans place bets. The launch comes after the company issued a press release in February, which shared details … Continue reading
Robinhood files lawsuit against Massachusetts Gaming Commission and Attorney General
The financial-services company Robinhood has filed a lawsuit in Massachusetts against the area’s Attorney General and the Massachusetts Gaming Commission. It was filed on Monday (September 15), with Robinhood asking a judge to award it an injunction against the state … Continue reading
FINTRAC fines Saskatchewan Indian Gaming Authority after compliance investigation
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced on September 12 that the Saskatchewan Indian Gaming Authority (SIGA) is facing a fine of $1,175,000. This comes after SIGA was found to be non-compliant with anti-money laundering policies … Continue reading