Feed Items
Wynn Resorts says work has restarted on its massive resort development on Al Marjan Island in the United Arab Emirates after a brief slowdown, as the company keeps a close watch on regional tensions while maintaining safety measures for workers.
The Las Vegas-based casino and hospitality company shared the update Wednesday, saying construction activity on Wynn Al Marjan Island is again moving...
U.S. financial regulators are tightening their working relationship as fast-growing digital asset platforms and event-driven trading markets challenge the traditional boundaries of financial oversight.
The Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC) announced a new memorandum of understanding aimed at coordinating how both agencies...
Valve is pushing back against accusations that the loot boxes used in its games amount to illegal gambling, as the company faces mounting lawsuits and regulatory scrutiny over the system.
In a statement posted to the Steam support website, the game publisher said it strongly disagrees with claims made by New York authorities and other critics. Valve argues that the random item boxes found in...
A Sacramento beauty queen who admitted running a multimillion-dollar investment fraud scheme also used a portion of the stolen money for casino gambling, federal authorities say.
Maria Dickerson, 47, who also used the names “Dulce Pino” and “Maria Dulce Pino Dickerson,” pleaded guilty to wire fraud and securities fraud. Prosecutors say she convinced investors to pour money into what she...
A new report argues that gambling in the United States no longer sits on the margins of financial life. Instead, researchers say it has moved quickly into the mainstream, reshaped by smartphones, digital payment systems and constant online access.
According to the analysis, US gambling has “shifted rapidly from a discrete, cash-based activity to a normalized, digitally embedded financial...
Polymarket says it is working with Palantir Technologies and TWG AI to build a monitoring system designed to detect suspicious activity across sports prediction markets. The companies say the project will combine prediction market data with advanced artificial intelligence tools to identify unusual trading behavior and strengthen confidence in the fast-growing sector.
The partnership,...
Members of Congress are moving to block a controversial corner of the prediction market industry by introducing legislation that would outlaw betting contracts tied to violence or death.
The proposal, called the “Discouraging Exploitative Assassination, Tragedy, and Harm Betting in Event Trading Systems Act,” or the DEATH BETS Act, was introduced in the Senate by Sen. Adam Schiff and in the...
A federal judge in Michigan has declined to step in immediately to shield prediction market Polymarket from possible enforcement by state regulators, leaving the company exposed as a wider legal fight over sports event contracts continues.
In an opinion issued Tuesday (March 10), U.S. District Judge Paul L. Maloney rejected a request from QCX LLC, which operates as Polymarket, for a temporary...
California’s cardroom industry has taken the state to court over newly approved gambling rules, warning the changes could slash jobs and drain tax revenue that many cities rely on.
The California Gaming Association, joined by the California Cardroom Alliance and Communities for California Cardrooms, filed two lawsuits in San Francisco Superior Court seeking to stop regulations issued by the...
Inspired Entertainment and bet365 are continuing a long-running collaboration around virtual sports, with both companies agreeing to a new multi-year extension that focuses on expanding betting features and rolling out new digital products.
Under the renewed deal, Inspired will keep supplying its portfolio of virtual sports to the global online betting operator while also developing...