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FBI Cracks Down on Illegal Gambling Network Using Fake Crypto
19.9.2024
A Denver resident has been convicted of running an illegal gambling business involving several parlors across Colorado. The scheme involved electronic games and a fake cryptocurrency to conceal the exchange of credits for cash, revealing fraud and money laundering. The only function of this crypto...
‘Explosion’ in election gambling will harm public interest: CFTC
16.9.2024
The US commodities regulator says prediction markets can be vulnerable to “spectacular manipulation.”
'An Explosion of Election Gambling' Is Nigh, CFTC Warns Appeals Court
15.9.2024
The regulator pleaded with the court to halt Kalshi's political prediction markets for the duration of the CFTC's appeal
Indonesia considering Telegram ban over lack of moderation
29.8.2024
Telegram has reportedly failed to improve moderation and issue a resolution over illicit content distribution after several requests from Indonesia
Clucoin Founder Pleads Guilty to Crypto Fraud, Confesses to Personal Use of Investor Funds
23.8.2024
The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his social media influence to attract investments, which...
CluCoin Founder Pleads Guilty to Stealing $1.1M of Investor Funds for Online Gambling
22.8.2024
The founder of Miami-based crypto project CluCoin has pleaded guilty to stealing over $1 million from investors and spending the money at online casinos
Memecoin casino: $100 bet on Pump.fun has worse odds than roulette
14.8.2024
Traders are disillusioned with the ultra slim chances of picking a memecoin winner
Canadian crypto exchange gambled away $9.5M of users’ Bitcoin and Ether
13.8.2024
The British Columbia Securities Commission reveals how ezBtc’s founder misappropriated millions in customer funds for personal use, leading to significant investor losses
Canadian crypto exchange gambled away $9.5M users’ Bitcoin and Ether
13.8.2024
The British Columbia Securities Commission reveals how ezBtc’s founder misappropriated millions in customer funds for personal use, leading to significant investor losses
US Lawmakers Push for CFTC Action Against Election Gambling Amid Polymarket’s Rise
6.8.2024
A group of Democrat lawmakers, including Massachusetts Senator Elizabeth Warren, has penned a letter to Commodities and Futures Trading Commission (CFTC) Chairman Rostin Behnam, urging the agency to prohibit all forms of election-related gambling in the United States. This appeal is timely,...
DraftKings Dumps NFT Business, Citing Legal Developments
30.7.2024
The sports gambling company faces a class action lawsuit alleging its NFTs are securities
Founder's Gambling 'Struggles' Spur Crippling Loss at Crypto Casino Backed by Galaxy
15.7.2024
Galaxy is one of several investors who have accused Richard Kim of misappropriating at least $3.67 million of company funds belonging to Zero Edge, his crypto casino
BetFoxx: Revolutionizing Online Gambling with Innovative Crypto Gaming
26.6.2024
PRESS RELEASE. As a pioneer in the world of cryptocurrency casinos, Betfoxx is transforming the online gambling landscape with its cutting-edge approach to crypto gaming. By offering a wide variety of games, enticing promotions, and exceptional customer service, BetFoxx has established itself...
Polymarket gambler face charges after Taiwan election bet
18.6.2024
A man in Taiwan faces charges for using the crypto betting platform Polymarket to wager on the 2024 elections
Drake on Brink of $1M Bitcoin Loss as NHL and NBA Bets Sour
14.6.2024
Canadian singer Drake is on the cusp of losing $1 million worth of crypto after he placed two individual $500,000 bets on the Edmonton Oilers and the Dallas Mavericks to win their respective Stanley Cup and NBA finals
Britain’s public healthcare chief flags rise in crypto trading addiction
13.6.2024
NHS boss Amanda Pritchard called for action, saying specialist clinics are seeing a rise in young people with crypto trading addictions
Australia cracks down on online gambling with crypto, credit card ban
11.6.2024
The government warned betting companies that failing to comply with the new rules could result in a fine of up to 234,750 Australian dollars ($155,000)
Ethereum’s next upgrade: Prague-Electra (Pectra), explained
11.6.2024
Ethereum is gearing up for its next major upgrade in the first quarter of 2025, codenamed “Pectra,” which will combine the Prague and Electra upgrades
Gambling is on the rise — So why is investing still restricted?
30.5.2024
Americans aren't allowed to make certain investments unless they earn $200,000 annually or they're worth more than $1 million — but they are free to gamble
ZKasino Gives Users 72 Hours to Retrieve Their Ether
29.5.2024
Aggrieved users have been given a 72 hour window to bridge their ether {{ETH}} back to the Ethereum blockchain after having deposits locked up for more than a month