Feed Items
A Harwich man has admitted laundering more than £9,000 in a romance fraud that not only drained his victim’s savings but also pushed him into compulsive gambling and a spiral of depression.
Adam Mowle, 34, of Larksfield Crescent in Essex, appeared before Ipswich Magistrates’ Court and pleaded guilty to acquiring criminal property by fraud. The charge relates to £9,165 ($12,363) paid into his...
Gemini may be getting ready to deepen its push into regulated event-based trading through its affiliated platform, Gemini Titan. A recent regulatory filing submitted to the U.S. Commodity Futures Trading Commission, along with internal compliance documents, lays out how the company plans to structure a federally compliant prediction market and affiliated trading framework
People familiar with...
Genius Sports CEO Mark Locke is pushing back after investors rattled the company’s stock over its $1.2 billion deal for digital sports and gaming media network Legend. In a letter to shareholders released Wednesday (February 18), Locke argued the purchase marks a long-term strategic shift, not a quick play on affiliate traffic.
He conceded that Wall Street’s response has been uneven. Still,...
Novig has pulled in $75 million in fresh funding as it works to grow its sports trading platform and secure a clearer path to federal oversight.
The Series B round was led by Pantera Capital, with Multicoin Capital, Makers Fund and Edge Equity joining in. Existing investors Forerunner, Perceptive Ventures and NFX also participated. With this latest raise, the company’s total funding now tops...
Salt Lake City is quickly becoming a focal point in the growing clash over who controls prediction markets, and Gov. Spencer Cox is making clear he intends to push back hard against Washington.
On Tuesday (February 17), Cox publicly rebuked Commodity Futures Trading Commission Chair Mike Selig, accusing the federal regulator of stretching its authority by treating sports-style event contracts...
Norway’s state gambling operator has been ordered to pay a NOK 1 million ($105,000) fine after regulators concluded it fell short of key anti-money laundering obligations.
In a decision dated Thursday (February 12), the Norwegian Lottery Authority (Lottstift) said Norsk Tipping violated several provisions of the Money Laundering Act. The findings come after a lengthy supervisory review...
Sweden is tightening its grip on gambling, approving a widespread ban on the use of credit just as the country moves to wind down its land-based casino industry.
Earlier this month, the Riksdag signed off on changes to the gambling law that will make it illegal for licensed operators and their agents to allow bets or games funded by credit. The new rules take effect May 1, 2026.
https://...
Caesars Entertainment and the Iowa Tribe of Oklahoma confirmed that Harrah’s Oklahoma will officially welcome its first guests on April 9, 2026, which will be the debut of a Caesars-managed casino in the state. The news comes as the casino giant reported fourth-quarter earning losses.
The company shared the news on X, writing: “In collaboration with the Iowa Tribe of Oklahoma, we officially...
Social media platform X has rolled out a significant change to its Paid Partnerships Policy, drawing a clear line around gambling content and how it can be promoted. The revised rules, now posted in the company’s Help Center, spell out that gambling-related businesses can no longer use paid partnership posts to reach audiences on the platform.
Under the updated guidance, gambling appears on a...
Nevada gaming regulators have taken their fight with Kalshi to court, filing a civil enforcement lawsuit just hours after a federal appeals panel declined to pause the dispute. The move came Tuesday, shortly after the U.S. Court of Appeals for the Ninth Circuit rejected the company’s emergency request for an administrative stay.
The Nevada Gaming Control Board said it lodged its complaint in...