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Tag Archives: ReadWrite
Malik Beasley evicted amid investigation for NBA gambling rule violations
Former Detroit Pistons guard Malik Beasley has been evicted from his penthouse apartment for failing to pay rent, according to reports from the Windy City. Beasley is also under a federal investigation that revolves around prop and NBA bets on … Continue reading
CFTC grants Railbird and QC clearing narrow no-action relief for event contracts
The Commodity Futures Trading Commission (CFTC) has shown leniency in a recent letter regarding predictions or officially termed “events” markets. The move signals an opening for the prediction/event marketplace, made famous by the likes of Polymarket and Kalshi, a growing … Continue reading
Prediction Pulse: Kalshi, Polymarket bet on Hassett for Fed chair, plus recession and dildos
Welcome to the very first edition of Prediction Pulse, your weekly dive into what people are betting on, and the big numbers driving those wagers. Why start this now, you ask? Well, unless you’ve been living under a rock, you’ve … Continue reading
Man jailed for eight months following casino attack in Warrington
A 37-year-old man from Widnes, in England, has been jailed for eight months after “seriously assaulting a staff worker and damaging several slot machines” at a casino. The sentencing took place at the beginning of the month, on August 1, … Continue reading
PENN Entertainment sees record gaming revenues amid ‘operational discipline’ in Q2
PENN Entertainment have seen overall revenues of $1.4 billion in Q2, but the quarter hasn’t been without its challenges as the company touches on the need for operational discipline. Jay Snowdon, the CEO and President, is quoted in the latest … Continue reading
Gilbert Arenas indicted in gambling ring uncovered after 2023 Hollywood murder
Former NBA star Gilbert Arenas has been arrested in connection with a federal indictment tied to an alleged high-stakes gambling ring, which has now brought attention to a 2023 murder in the Hollywood Hills. The indictment follows the investigation into … Continue reading
Ecuador president Daniel Noboa could legalize gambling in upcoming referendum
Ecuador President Daniel Noboa has paved the way for the reintroduction of casinos and gaming halls, as part of a wide-ranging referendum on key issues surrounding gambling for the South American nation. The leader insists the gambling activity will be … Continue reading
Cayuga Nation victory over New York State on lottery activity
The Cayuga Nation has won a key legal battle after a federal judge ruled that its lawsuit against New York State over gaming rights can move forward. The Nation claims the state has been running unauthorized gambling operations, with the … Continue reading
IPPR urges UK government to increase gambling tax to address child poverty
The Institute for Public Policy Research (IPPR) has called upon the UK government to significantly increase gambling tax, as a means to reduce child poverty. The think-tank has set out its position with the aim of the policy change raising … Continue reading
JPMorgan Chase acquires stake in Star Entertainment, filing shows
In another update for The Star Entertainment Group, JPMorgan Chase has now acquired a 5.66% stake in the business. This percentage represents the investment banker’s new voting power within the company, with the news being shared through an ASX Announcement … Continue reading