Tag Archives: ReadWrite

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 →

The Alcohol and Gaming Commission (AGCO) in Ontario has announced changes as it prepares to launch its iGaming Centralized Self-Exclusion (CSE) program next year. Through the CSE, players in the province will be able to voluntarily exclude themselves from all … Continue reading →

The Brooklyn District Attorney’s Office said Friday (December 19) that a 23-year-old man from Brooklyn has been indicted for his alleged role in a Coinbase cryptocurrency scam that authorities say cost victims nearly $16 million. Prosecutors estimate that about 100 … Continue reading →

The IRS has now published updated confirmation that the casino slot jackpot tax is to be almost doubled in 2026. An X post by Vital Vegas stated: “Sources say the IRS will officially confirm the reporting threshold for slot jackpots … Continue reading →