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Tag Archives: ReadWrite
Last man in Tennessee gambling scheme sentenced to 30 months
The fifth man in an illegal sports betting ring has been named by the FBI. LaVonte Holmes, 24, was found to have been involved with the ring between 2022 and 2024. It’s reported that the scheme would involve abusing stolen … Continue reading
NCAA has its prop bet ban request sunk by Missouri watchdog
Missouri gambling regulators have rejected the National Collegiate Athletic Association’s (NCAA) request to block prop bets on college games. With months of fiascos surrounding the style of betting and college-level games, it comes as a surprise that the ban wasn’t … Continue reading
Gambling deductions tax fix shot down once again
The ongoing battle to restore gambling loss deductions has failed once again. This comes as an amendment to bill H.R.7148, which was shot down in a recent committee hearing. Representative Dina Titus, a Democrat from Nevada, urged the change. She … Continue reading
Cambodia-based real estate conglomerate allegedly linked to illegal gambling operations
The Cambodian-based real estate conglomerate Lixin Group has been allegedly linked with illegal gambling operations and online gambling scams, as detailed in a report by the Organized Crime and Corruption Reporting Project (OCCRP). Lixin have been found guilty of targeting … Continue reading
Nevada files motion for TRO and preliminary injunction against Polymarket
The battle against state gaming commissions and prediction markets wages on, as Nevada gaming regulators have filed a motion for a temporary restraining order (TRO) and preliminary injunction against Polymarket. In the filing, it states: “The BOARD seeks to restrain … Continue reading
Santa Anita Park sues California Department of Justice over alleged warrantless seizure
Just days after California police officers removed new gambling machines from Santa Anita Park, the Los Angeles Turf Club (LATC), which operates the racecourse, has filed a writ of mandate against the California Department of Justice (DOJ). It was on … Continue reading
TheLotter confirms operations in New York will be suspended
TheLotter US will be suspending its operations in New York, as the company says it is continuing to streamline its activities and focus on expanding services across other U.S. states. They state this is part of its long-term growth strategy … Continue reading
Former Powerball winner accused of stealing $73K to allegedly support gambling activity
Georgianna M. Carter, the former Vice President of Point Marion’s parks committee and former Powerball winner, has been accused of stealing more than $73,000 from her borough allegedly to support gambling-related activity, according to investigators. Carter, who was the co-winner … Continue reading
League of Ireland to introduce gambling awareness program for soccer players
The League of Ireland is set to introduce a brand new gambling awareness program for soccer players to educate clubs on the impact and harm of gambling. It follows the Professional Footballers Association Canada announcing a similar preventative training program … Continue reading
YouGov survey suggests that celebrity gambling brand endorsements don’t do much for the average American
A new YouGov survey has looked into whether celebrity endorsements actually move the needle for gambling brands, with just under half of gamblers (46%) saying this approach makes gambling brands “appear less authentic.” While perception may be altered for some, … Continue reading