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British fraudster jailed seven years after stealing millions to fund gambling
A British man who funneled money he’d stolen into gambling has been sentenced to seven years in prison, after conning 10 people out of more than £1 million ($1.4 million). Morgan Reeve, 26, of Wode...

Drake promotes upcoming streams, with chance of winning 10 percent of gambling wins
The Canadian rapper Drake has posted on social media that there will be three livestreams back-to-back, with people who sign up having the chance to win 10% of his take home winnings. The Stake brandi...

Amicus brief backs Maryland in Kalshi sports prediction market dispute
A newly filed amicus brief in Kalshi’s ongoing legal fight with Maryland is adding fuel to a growing debate about who should regulate sports-related prediction markets, federal commodities regulator...

The FBI has issued a warning to the public about illegal gambling
The Federal Bureau of Investigation (FBI) has issued a public service announcement as they warn of the risks of illegal gambling. The law enforcement agency explains how the sports betting industry ha...

Coinbase agrees to acquire The Clearing Company to expand prediction markets offering
Coinbase is buying The Clearing Company, a startup that focuses on prediction markets, as the crypto exchange looks to broaden its lineup of regulated, onchain products tied to real-world events. The ...

Federal legislation may be proposed in 2026 to regulate sports prop betting in the United States – report
Senator Brian Schatz from Hawaii could be eyeing up introducing legislation that could see sports prop bets being heavily regulated in the United States. The journalist Pablo Torre, of Pablo Torre Fin...

FanDuel Predicts begins phased national rollout with five states
FanDuel Predicts, the sportsbooks prediction market in partnership with the CME group, is officially launching in five states, with a phased expansion to others early next year. The app is available i...

Florida man sentenced for over seven years for ‘gambling’ fraud scheme
The U.S. District Judge Virginia Covington has sentenced a man in Tampa, Florida, to seven years and six months in federal prison for conspiracy to commit wire fraud and aiding and assisting in the fi...

Michigan Gaming Control Board announces sentencing in party store illegal gambling case
A 32-year-old has been sentenced after pleading guilty to permitting an illegal gambling house for gain, the Michigan Gaming Control Board has confirmed. The man, Gurjinder Singh, was sentenced by Jud...

Hundreds of illegal gambling devices seized in Florida in ‘Operation Funny Money’
The Florida Gaming Control Commission (FGCC) assisted the U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (HSI) and the Internal Revenue Service (IRS) with ‘Operation F...