Tag Archives: ReadWrite

The fantasy sports company PrizePicks has officially been approved as a futures commission merchant, which could open the doors to the prediction markets. It’s ‘Performance Predictions II LLC’ that won the approval, with this being an entity under the PrizePicks … Continue reading →

The United Kingdom’s tax regulator, His Majesty’s Revenue and Customs (HMRC), has won a substantial ruling in a dispute over the duties paid on free spins. The tribunal hearing contested between HMRC and Jumpman Gaming Ltd (Jumpman) focused on the … Continue reading →

On Friday (September 19), a search warrant was conducted at a gas station in Pike County, Alabama, with investigators seizing US currency, an electronic gambling hub device, and other gambling-related items and paraphernalia. The Pike County Sheriff’s Office has released … Continue reading →

Large language models have become more commonplace over the last couple of years, with people starting to integrate their practices into their everyday lives, but a new report has found that it’s not all positive. Journalist Jon Reed, of CNET, … Continue reading →

Two men have been charged after Ontario authorities investigated suspicious betting activity and gift card fraud. Two men have been charged by the Ontario Provincial Police (OPP) Investigation and Enforcement Bureau (IEB) in connection with suspicious Ontario Lottery and Gaming … Continue reading →

Macau is going from strength to strength financially, citing gaming and casino revenue as important drivers for the country. Macau’s economy is booming, with the Chinese region’s gross domestic product rising by more than 5% in the second quarter of … Continue reading →

Kuwait’s Ministry of Interior (MoI) has announced that its new investigative team has arrested members of an international online gambling network. The General Department of Criminal Investigation made seven arrests of those suspected to be part of an international network … Continue reading →

A policy stemming from President Donald Trump’s One Big Beautiful Bill Act (OBBBA) would allow workers to deduct taxes for tips received via casino chips. A policy from the IRS, originating from the OBBBA that was signed back in July, … Continue reading →

Predictions market Kalshi continues its push into sports betting with a new job role for someone with ‘extensive experience with sportsbooks’. Despite facing lawsuits for alleged unlicensed sports betting services, Kalshi appears to continue chasing the sports betting market with … Continue reading →

Kalshi has swiftly deleted a social media post and sign-up form relating to a student ambassador program for US colleges. Prediction market Kalshi announced in a now-deleted social media post that it was seeking ‘ambassadors’ across a number of US … Continue reading →