Tag Archives: ReadWrite

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 →

Seminole Gaming’s COO, David Hoenemeyer, has released a statement as Florida wrestles with a rising illegal gambling industry. In recent months, the state has been host to several busts and stings, weeding out illegal gambling rings. As we’ve previously reported, … Continue reading →

Turbulent seas ahead, as a passenger decided to jump overboard from his cruise, with suspicions it was to avoid his $16,000 gambling debts. Jey Xander Omar Gonzalez-Diaz has now been picked up by federal prosecutors after he reportedly tried to … Continue reading →

Light & Wonder, Inc. has a new plan to repay its outstanding debt by offering $1 billion in “aggregate principal amount of senior unsecured notes.” These will be due in 2033, as a private offering. This comes as the firm became … Continue reading →

The Third Circuit Court of Appeals heard arguments this week in Kalshi v New Jersey, a closely watched case testing where state authority over gambling stops and where the Commodity Futures Trading Commission’s authority over swaps begins. From the start, … Continue reading →

The National Collegiate Athletic Association (NCAA) has released a statement after it uncovered three student-athletes were involved in gambling on their own games. Named and shamed by the organization, Mykell Robinson, Steven Vasquez, and Jalen Weaver have since been released … Continue reading →

EstrelaBet, a Brazilian gaming technology company, has signed a multi-year deal with Stats Perform, a leader in sports data and artificial intelligence. Through this partnership, EstrelaBet customers are expected to get access to a much wider range of live soccer … Continue reading →

The second largest Powerball jackpot in US game history has been won by two people who have split the historic prize, with the amount totalling $1.787 billion. The two people with the jackpot-winning tickets, sold in Missouri and Texas, have … Continue reading →