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Tag Archives: ReadWrite
Polymarket CEO Coplan blasts sportsbooks as “scam”
Polymarket CEO Shane Coplan has branded traditional sportsbooks as a “scam” at a recent media event. Speaking at Axios Live with Dan Primack, the business editor of Axios’s newsletter and a former Fortune journalist, Coplan discussed the legality of prediction … Continue reading
CFTC nominee Selig dodges senators’ grilling, keeping sports prediction markets in legal limbo
During a tense Senate Agriculture Committee hearing on Wednesday (November 19), Michael Selig, President Donald Trump’s pick to lead the Commodity Futures Trading Commission (CFTC), repeatedly avoided taking a clear stance on sports-related prediction markets. Lawmakers from both sides pressed … Continue reading
Hong Kong Police smash $141 million Triad gambling network
Hong Kong Police have stated that an orchestrated takedown of a HK$1.1 billion ($141 million) Triad gambling network has been carried out. The police issued a video conference around the bust, confirming that ten men and five women were apprehended … Continue reading
US and Mexico sanction Hysa group for allegedly running Sinaloa Cartel-linked casino operations
The Hysa Organized Crime Group (HOCG), also known as the Albanian Mafia, has been accused of operating casinos on behalf of the Sinaloa Cartel. The news comes from a joint action with the United States Treasury and the Government of … Continue reading
Illinois’ per-bet tax triggers sharp wagering decline, intensifying industry concerns
The per-bet tax installed on betting companies in Illinois is showing signs of real impact on the betting market. The Illinois Gaming Board has released statistics showing that wagering decreased by 15% in September compared to the previous month, and … Continue reading
Global revenue in the gambling market ‘expected to reach $500B by 2030,’ data suggests
Global revenue in the gambling market is expected to surpass $500 billion by 2030, according to data analyzed by Statista. The total gambling market comprises wagering activities such as sports betting, casinos and lottery games, all either online or in … Continue reading
Examining NETGEAR’s Orbi 770, a Top-Performing Tri-Band Mesh Wifi 7 System
WiFi systems are constantly undergoing development in an effort to improve performance, coverage, and network stability. Some of the latest advancements in WiFi technology include WiFi 7 and 6Ghz bands, both of which can be found in the NETGEAR Orbi … Continue reading
GGL warns against participating in Spanish Christmas lottery from Germany
The Germany gambling regulator, known as Gemeinsame Glücksspielbehörde der Länder (GGL), has warned residents against participating in Spanish Christmas lottery ‘El Gordo.’ This relates to Spain’s Christmas lottery draw which is a major state-run lottery event that reached €2.71 billion … Continue reading
Agreement signed: Bally’s Colorado casino workers able to join Teamsters union
A neutrality agreement has been signed by the International Brotherhood of Teamsters and Bally’s Black Hawk, guaranteeing “a fair and direct path” to union representation. The International Brotherhood of Teamsters is one of the largest unions in Northern America, with … Continue reading
Playtech expands partnership with SkillOnNet to secure exclusive bingo deal
Playtech have recently announced an expansion with long-term partners SkillOnNet to become the exclusive bingo provider for the operator in both the UK and Mexico. A new brand called Zingo Bingo will be launched, while flagship names such as PlayOjo … Continue reading