Tag Archives: ReadWrite

The state of Massachusetts has filed a lawsuit against prediction market platform Kalshi for allegedly offering unlicensed sports gambling. The lawsuit was filed in Massachusetts state court on Friday (September 12), claiming that Kalshi had offered illegal sports gambling bets … Continue reading →

Shawn “Jay-Z” Carter stepped up as one of the biggest supporters of the Caesars Palace Times Square proposal as public hearings wrapped up Thursday (September 11). The Roc Nation founder pitched the project not just as a major boost for … Continue reading →

GambleAware, the United Kingdom’s leading charity on prevention and treatment for gambling harm, has shared concern that statistics have doubled across five years. The statistics come from the charity’s Annual Treatment and Support Survey, which has also brought the notes … Continue reading →

Hong Kong might be gearing up to change its sports gambling restrictions, as officials have endorsed a bill that could put basketball betting on the table. The Legislative Council of Hong Kong, or LegCo, gave the thumbs up as it … Continue reading →

Kalshi has ripped off the band-aid, launching its venture in sports wagering. The prediction market is now offering straight-up bets, instead of the more roundabout methods they had experimented with before. As we reported last month, this began with just offering … Continue reading →

Officers of the Quezon City Police District (QCPD) based in the Philippines conducted a raid on an illegal online gambling group. The raid was orchestrated by the Cybercrime Investigation and Coordinating Center (CICC), the Philippine Sweepstakes Office (PCSO), and the … Continue reading →

Seminole Gaming’s COO, David Hoenemeyer, has released a statement as Florida wrestles with a rising illegal gambling industry. In recent months, the state has been host to several busts and stings, weeding out illegal gambling rings. As we’ve previously reported, … Continue reading →

Turbulent seas ahead, as a passenger decided to jump overboard from his cruise, with suspicions it was to avoid his $16,000 gambling debts. Jey Xander Omar Gonzalez-Diaz has now been picked up by federal prosecutors after he reportedly tried to … Continue reading →

Light & Wonder, Inc. has a new plan to repay its outstanding debt by offering $1 billion in “aggregate principal amount of senior unsecured notes.” These will be due in 2033, as a private offering. This comes as the firm became … Continue reading →

The Third Circuit Court of Appeals heard arguments this week in Kalshi v New Jersey, a closely watched case testing where state authority over gambling stops and where the Commodity Futures Trading Commission’s authority over swaps begins. From the start, … Continue reading →