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Tag Archives: ReadWrite
FBI seeking Michael Lizaso Marasigan for illegal gambling and fraud
The FBI are seeking Michael Lizaso Marasigan in connection with alleged illegal gambling activities and related financial crimes, and have placed him on the most wanted list. He is wanted for violations of his pretrial release, according to his profile … Continue reading
Billions in tax revenue would be generated by expanding sports betting legalization
Billions of tax revenue would be generated if all 50 states in the US made sports betting legal, a report by the Tax Foundation claims. If all states established statewide gambling markets, the Tax Foundation estimates that gross gaming revenue … Continue reading
Lumbee Tribe teases possible casino plans after land purchase in North Carolina
The Lumbee Tribe of North Carolina secures 241 acres of land in Robeson County and teases the idea of a casino and resort in the announcement. The update comes from the Lumbee Tribal Chairman, John L. Lowery, who has discussed … Continue reading
Coalition for Prediction Markets takes out full page advert in Washington Post
The newly formed Coalition for Prediction Markets (CPM) have gone big on the marketing budget, as they share a full page advertisement in the Washington Post. Within it, it reads “CFTC regulated prediction markets (already) ban insider trading.” It then … Continue reading
Las Vegas Sands sees uptick in Q4 financial report, but Sands China declines
Las Vegas Sands, which owns properties worldwide, posts a strong Q4 and full-year, but Sands China sees dip. The net revenue of the company was $3.65 billion, compared to $2.90 billion in the prior year quarter. The operating income was … Continue reading
Entain announces it will end Coral Cup sponsorship after 52 years
Entain has officially confirmed that it will no longer be sponsoring the Coral Cup at the Cheltenham festival after a 52-year association with the event. The operator first sponsored the race in 1974, but the decision follows an increase in … Continue reading
Six wagering providers breach gambling self-exclusion rules, ACMA says
A number of licensed wagering providers are said to have breached self-exclusion rules, according to the Australian Communications and Media Authority (ACMA). The independent commonwealth statutory authority, in Australia, regulates communications and media services in the country and it has … Continue reading
Consultation published in error proposes 30% UK gambling license fee hike
The UK Department for Culture, Media and Sport (DCMS) has published a consultation document in error that shows a proposed 30% increase in the gambling license fee. The information was published on the GOV.UK site on January 27, 2026, followed … Continue reading
Judge leaning towards a 30-day timeline for Kalshi to implement geofencing in Massachusetts
A judge in the Massachusetts Superior Court has published preliminary thoughts around a 30-day timeline for Kalshi to implement geofencing technology. Geofencing is a digital barrier that functions like a map or territory, permitting or restricting access to certain content, … Continue reading
Judge denies Nevada’s request for temporary restraining order against Polymarket
The Polymarket and Nevada saga remains to be ongoing, as a judge has denied Nevada’s request for a temporary restraining order (TRO) which marks a small win for the prediction market. This refers to the request for an ex parte … Continue reading