Tag Archives: ReadWrite

Chicago is weighing a $16.6 billion city budget, and one part of it is catching the eye of the sports betting world. The proposal would shake up how sports wagering is taxed inside city limits. Chicago is planning to significantly … Continue reading →

The Gaming Authority in the Netherlands (KSA) has imposed a half-million euro fine on LeoVegas, on the same day it gives the operator Vbet a warning for ‘shortcomings.’ The €500,000 ($590,000) fine for LeoVegas has come as the regulators said … Continue reading →

A contractor has been accused in a post–Hurricane Milton scam, with police alleging he targeted elderly victims and spent upwards of $53,000 at casinos. Brian Michaud was arrested by Bradenton Police Department on Tuesday (December 16) on 13 felony charges. … Continue reading →

A British man who funneled money he’d stolen into gambling has been sentenced to seven years in prison, after conning 10 people out of more than £1 million ($1.4 million). Morgan Reeve, 26, of Wodehouse Road, Hunstanton, was sentenced at … Continue reading →

The Canadian rapper Drake has posted on social media that there will be three livestreams back-to-back, with people who sign up having the chance to win 10% of his take home winnings. The Stake branding is visible throughout the video, … Continue reading →

A newly filed amicus brief in Kalshi’s ongoing legal fight with Maryland is adding fuel to a growing debate about who should regulate sports-related prediction markets, federal commodities regulators or state gambling authorities. In a filing sent to the U.S. … Continue reading →

The Federal Bureau of Investigation (FBI) has issued a public service announcement as they warn of the risks of illegal gambling. The law enforcement agency explains how the sports betting industry has become more widespread in the U.S, with 39 … Continue reading →

Coinbase is buying The Clearing Company, a startup that focuses on prediction markets, as the crypto exchange looks to broaden its lineup of regulated, onchain products tied to real-world events. The deal comes shortly after Coinbase rolled out prediction markets … Continue reading →

Senator Brian Schatz from Hawaii could be eyeing up introducing legislation that could see sports prop bets being heavily regulated in the United States. The journalist Pablo Torre, of Pablo Torre Finds Out, took to X to share that he … Continue reading →

FanDuel Predicts, the sportsbooks prediction market in partnership with the CME group, is officially launching in five states, with a phased expansion to others early next year. The app is available in Alabama, Alaska, South Carolina, North Dakota, and South … Continue reading →