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The 2025 Kentucky Derby has been a roaring success, with the amount of bets wagered totalling a massive $349.0 million.
This figure has set a new record for the event, with last year’s record being a total of $320.5 million.
The Kentucky Derby is one of the oldest major sporting events in the United States, with it being held on an annual basis. The 2025 edition marked the 151st, with it having...
India’s tax intelligence agency, the Directorate General of GST Intelligence (DGGI), has reportedly told the Supreme Court that online gaming companies are essentially involved in betting and gambling. As a result, the agency points out that since those activities fall under that category, they should be taxed under the Goods and Services Tax (GST).
According to Zee Business, the statement came...
The Commodity Futures Trading Commission (CFTC) is stepping back from its appeal in the high-profile legal case over election betting markets.
On Monday (May 5), the CFTC filed a motion asking the US Court of Appeals for the D.C. Circuit to dismiss its appeal against Kalshi, a company that’s been trying to launch a regulated market where people can bet on which party will control Congress.
The...
On April 30, Kraken officially launched Kraken Embed, a streamlined Crypto-as-a-Service (CaaS) product designed to help banks, FinTechs, and neobanks quickly integrate crypto trading into their platforms. The solution aims to remove traditional infrastructure, regulation, and liquidity hurdles by providing a plug-and-play crypto modular API that can be added to existing apps or websites.
Kraken...
Fanatics Betting and Gaming has rolled out Fanatics Casino on both iOS and Android in Michigan, New Jersey, Pennsylvania, and West Virginia. Users in West Virginia can also now play online, with web versions for Michigan, New Jersey, and Pennsylvania expected soon.
Fanatics Casino is kicking things off with a lineup of classic casino games like blackjack, roulette, and slots. The games come from...
Stake.us has rejected claims of running an illegal online casino after a class action lawsuit was filed in federal court in Alabama this week, accusing the popular sweepstakes casino site of offering unlicensed casino-style games.
The lawsuit was filed on May 2 in the US District Court for the Northern District of Alabama. It names Laura Hall and her minor child, J.C., as plaintiffs, along with...
Ryan Seacrest, known for presenting American Idol and Wheel of Fortune, is reportedly facing a new lawsuit that accuses him of promoting an illegal online casino in California.
According to court documents obtained by TMZ, California resident Aubrey Carillo is suing Seacrest, claiming she lost money playing on ChumbaCasino.com, a site he regularly promotes on his social media as the operation’s...
The National Basketball Association (NBA) is raising concerns about the fast-growing world of prediction markets and wants some rules in place. The body contacted the Commodity Futures Trading Commission (CFTC), asking it to step in with a regulatory framework for platforms that let people bet on sports event outcomes. This makes the NBA the second major professional sports league to speak up,...
It's hard to pay attention to the business of journalism without hearing about data journalism or data-driven journalism. But despite all the discussion of the topic, there's precious little documentation to guide practicing and future journalists in becoming proficient in it. The Data Journalism Handbook aims to fix that, albeit at a high...
Easily the largest contributors to ReadWriteWeb's overall traffic on any given day include technology news aggregation services, one of them being Techmeme. It's a service that pulls interesting headlines from amid the ever-flowing sea of content, and compiles them into an amalgamated front page of what's happening; it's directed toward a specific audience, which Techmeme hopes includes you. It...