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Jason Lowe, a web developer from England, was jailed for abusing his position to siphon company funds into cryptocurrency to fund a gambling habit.
Lowe’s role was to be responsible for online manufacturing at a firm based in Lancashire, and he had worked there since 2016.
Across an 11-month spell, Lowe funnelled around £500k ($660k) of the company’s money by converting credit card transactions...
Sports betting in Missouri is officially legal from today, December 1, with it launching from 12:00am for the very first time.
The introduction of this form of gambling in the Show-Me State means residents and visitors can wager on sports, with some top operators already making their presence known.
Fanatics Sportsbook, for example, has launched a new customer offer, along with a three-day...
The Minns Labor Government in Australia is bringing in a major shake-up as it’s bringing in a six hour shutdown of gambling machines.
To bring this into reality, it’s revoking the exemptions that are enabling pubs and clubs to vary the hours their venues can operate gaming machines. This means, under the new law, New South Wales venues must shut down all gaming machines between 4am to 10am, each...
As prediction markets offer contracts in more and more areas, are they starting to encroach on the role that opinion polls currently serve in politics?
Pre-election polls are often referenced in the build-up to major elections, offering a flavor of the results that might be on the way. However, every political commentator will be quick to say they are not predictions – and indeed they are often...
Women’s soccer is becoming hugely popular, with fans breaking records in viewership and attendance, but unlike sponsors and investors, sportsbooks have yet to fully follow.
As the industry continues to prove of interest to many, it’s providing sportsbook operators with the opportunity to thrive in a growing market, but are they slowly turning their attention to the sport? Or leaving it behind?...
The UK Gambling Commission (UKGC) posted a speech that covers updates to regulations in the country. This comes as the UK Budget, which happens once a year, increased taxes on certain forms of gambling.
One of these changes is that Remote Gaming Duty (tax) will increase from 21% to 40% on April 1, 2026. “Remote” encompasses “gaming over the internet, telephone, by television, radio, or any other...
The gaming company INTRALOT has announced its financial results for the nine-month period, with revenue being 2.9% less than the previous year. The CEO has also spoken out about the revised gaming taxes in the UK, following the budget announcement.
Just this week, the UK government shared the Autumn Budget, which confirmed several changes to gambling taxes. The main change is the increase in...
The Spelinspektionen, or Swedish Gambling Authority, has been hit with criticism from the Justice Ombudsman (JO) over the self-exclusion system for gambling.
In recent months, the gambling industry worldwide has been taking better care of how it presents safety for gamblers. That includes some companies and countries improving their monitoring or self-exclusionary programs. In March, American...
New Jersey and Ohio lawmakers have filed an order from a Nevada judge in an attempt to curb prediction market Kalshi from bringing its form of gambling to the states.
It comes as earlier this year, Nevada and New Jersey became some of the only states to give the green light to Kalshi, bringing the prediction market to them. As it’s regulated at a federal level under the CFTC, it’s allowed Kalshi...
Kalshi, the major prediction market, has been hit with a nationwide class action lawsuit, filed in the Southern District of New York. The suit claims that Kalshi is allowing illegal sports betting, as well as forcing players against the house.
In the lawsuit, it’s effectively claimed that Kalshi is running rigged bets, including placing its own staff in the gambling mix:
“A Kalshi representative...