Tag Archives: ReadWrite

PrizePicks, the daily fantasy sports site, is launching a new slate of features for its app. The company says that it’ll “evolve how fans engage” with the community, friends, and “celebrities,” all while watching sports. It’ll take the form of … Continue reading →

Kalshi has announced that it raised more than $300 million in a Series D funding round at a $5 billion valuation. The round was led by Sequoia and Andreessen Horowitz (a16z), with strong participation from returning investor Paradigm. Other backers … Continue reading →

A duo from Braintree, Massachusetts, both pled guilty in Suffolk Superior Court over charges relating to unlicensed basement casinos in the area’s Chinatown and Quincy. The two people, husband and wife, Xue Tan Zheng, 50, and Xiu Rong Li, 55, … Continue reading →

Kambi, a sports betting solution provider, has announced it’ll join forces with Glitnor Group. The group runs Happy, Lucky, Flax, and Vera&John, which will now switch over to Kambi’s Turnkey Sportsbook technology. This particular method of providing sportsbooks to operators … Continue reading →

A gambling ring based in India has been busted by the Directorate of Enforcement (ED), the country’s economic intelligence agency. The results saw law enforcement recover valuables, particularly gold. It stems from an ongoing investigation into politician, K C Veerendra, … Continue reading →

The director of a glazing company has received a sentence for defrauding the UK government by misappropriating COVID relief loans to fund gambling and crypto investments. Haralambos Ioannou, the 49-year-old in question, was found to have used his company, Opti-Bond … Continue reading →

Nevada regulators have submitted a request, known as a motion to compel discovery, from predictions market Kalshi to disclose key information relating to its federally approved business. The news comes as a wider tightening of legal knots is coming into … Continue reading →

Bally’s Corporation (Bally’s) has completed a €2.7 billion ($3 billion) deal with Intralot S.A. (Intralot) to transfer a majority share of holdings in the company. A key part of the partnership for Bally’s is a 58% stake in the Greek … Continue reading →

Brazil’s Chamber of Deputies has reneged on a proposal for gambling operators to be subject to a retrospective 10-year tax, after Congress blocked the bill. The update came on Wednesday (October 8), after an amended version of PM 1303 was … Continue reading →

The Minnesota Gambling Control Board and the Department of Public Safety have issued a warning following a spate of burglaries targeting pull-tab dispensing machines. The authorities have advised organizations and retailers to be on alert, noting the increased illicit activity … Continue reading →