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In response to the Australian Football League’s (AFL) reported plans to seize more gambling money, companies could be gearing up to increase their use of ‘harmful inducements.’
This comes after a back-and-forth about the topic, with it being reported earlier this year that the AFL is offering to maintain services to major gambling companies in exchange for a share of match betting proceeds.
Then...
A trader won big over the weekend, as they opened a $200 million long position on Bitcoin (BTC) with a 50x leverage just before President Trump announced the national crypto reserve.
The move resulted in a massive profit of $6.8 million after the trader used $4 million in collateral to make the trade. The entry was at $85,908 with a liquidation price of $84,752.
After the news of the reserve hit...
The United Kingdom’s Betting and Gaming Council (BGC) has thrown its support behind Britain’s gambling minister, Baroness Fiona Twycross, following her speech at the group’s AGM.
The minister acknowledged the industry’s economic contributions through tax revenues and job creation at Thursday’s (Feb. 27) meeting. However, she made it clear that growth and responsibility must go hand in hand. She...
A construction consultant has been sentenced to over two years in prison after siphoning more than £700,000 from struggling companies to fund his casino gambling.
Wesley Grainger-Smith, 66, from Winthorpe, Nottinghamshire, was sentenced to two years and four months at Lincoln Crown Court after admitting to five counts of fraudulently removing company property.
Between 2014 and 2017, Grainger-...
A lawmaker from Georgia is making another push to let voters decide on a constitutional amendment to legalize online sports betting in one of the last holdouts in the area.
Spoke with Rep. Marcus Wiedower on his proposed Georgia sports betting legislation.
"I'm as confident as I've ever been but we shall see. The Senate has previously passed this exact resolution," he said.
His bill will be...
An annual student survey in the UK has found that male students who gamble are spending almost as much on their gambling as on the weekly food shop.
The data comes from Ygam and the self-exclusion scheme GamStop and it also finds the participants who gamble are four times more likely to experience gambling harms compared to the general population.
This is the fourth Annual Student Gambling Survey...
At the end of last week, we covered the ongoing issues at Australian casino giant Star Entertainment. A trading hold was put into place, meaning shares could not be bought or sold as the company failed to produce its half-year results to the ASX (Australian Securities Exchange).
Despite hopes of several offers of liquidity “that day”, by Monday, Star issued a note to the ASX saying it was “...
MGM Resorts International and BetMGM have announced the expansion of various responsible gaming initiatives aimed at supporting individuals affected by problem gambling.
The announcement aligns with March’s designation as Problem Gambling Awareness Month (PGAM) by the National Council on Problem Gambling (NCPG).
As part of these efforts, MGM Resorts will donate $180,000 to the Kindbridge Research...
At a Summit in Brazil, speakers gave their thoughts on the future of the betting industry and highlighted crypto betting.
The Payment Expert Summit has been taking place in Rio de Janeiro this week, with a range of discussions having already concluded. On January 1, the country introduced a nationwide regulated betting market with this being a topic of hot conversation.
Within the regulations,...
SportsCastr Inc. (PANDA Interactive) has filed amended complaints against Genius Sports and Sportradar, adding antitrust claims to its already ongoing patent infringement lawsuit.
PANDA alleges that both companies have attempted to pursue anti-competitive practices through the combination of exclusive official sports data with their proprietary betting technology.
This legal action expands upon...