3258 stories by Philip Conneller
Kalshi US Election Case Fast-Tracked as Trump Gains Edge in Prediction Markets
A federal appeals court in Washington DC has expedited a complaint by the Commodity Futures Trading Commission (CFTC) that seeks to block financial exchange and prediction platform Kalshi from offering bets on US politics. However, the fast-tracked appeal won't impact Kalshi’s ability...
Muscogee Nation Scores Win in Wind Creek Casino ‘Grave Desecration’ Case
A federal appeals court in Atlanta has revived a complaint brought by an Oklahoma-based tribe that accuses a related tribe in Alabama of desecrating a sacred burial ground when it built its casino. The land, known as the Hickory Ground, near Wetumpka,...
UK Gambling Shares Tumble on Fears of Government Tax Grab
Shares of UK-based betting companies took a big hit in early trading Monday as investors reacted to reports that the British government was planning a “tax raid” on the industry. Investors appear to have been spooked by a story published in The...
Gambler Accused of Embezzling $26M Drops Lawsuit Against Sportsbet
An accused fraudster who prosecutors claim stole AU$26 million (US$17.5 million) from his tax advisory business to fund an out-of-control gambling addiction has dropped his civil lawsuit against the country’s leading online sportsbook, Sportsbet. Benjamin Carter was arrested in July 2013 at...
Lucas Paqueta Faces New Charges of Obstructing FA Spot-Fixing Probe
Brazilian soccer star Lucas Paqueta is facing two new charges as part of the English Football Association’s (FA) investigation into allegations of spot-fixing. The West Ham playmaker was charged in May with deliberately seeking to “receive a card from the referee for...
Kentucky Lawsuit Seeks Triple the Losses of All Gray Machine Gamblers
Kentucky explicitly banned skill games or so-called “gray machines” in 2023. Now, a lawsuit is seeking to recoup three times the amount of money lost by Kentucky players under an archaic clawback law. The lawsuit, filed in the Franklin Circuit Court last...
UPDATE: Dodgers Pitcher Walker Buehler Robbed of Watch at Santa Anita Racetrack
Los Angeles Dodgers pitcher Walker Buehler was one of three people targeted during a grand theft spree at Santa Anita Park racetrack in Arcadia, Calif. last month. The MLB star was relieved of his watch, which was worth “six figures,” according to...
Genting Sued for ‘Accountancy Fraud’ Over Mystery $850M Debt at Bahamas Casino
A company that partnered with Genting on Resorts World Bimini in the Bahamas has accused the Malaysian casino giant employing “fraudulent accounting practices,” which have drowned the venture in “hundreds of millions of dollars of illegitimate debt.” A civil lawsuit filed Monday...
Next Macau Leader Wants Superstar Residency Shows After ‘$200M Adele Snub’
More Las Vegas-style residency shows featuring global music stars may be just what Macau needs, according to Sam Hou-fai, the gambling hub’s former top judge and a shoo-in for its next political leader. Sam’s comments came shortly after a report in UK...
Fantasy Soccer Giant Sorare.com Pleads Not Guilty to Unlicensed Gambling in UK
Multibillion-dollar fantasy soccer site Sorare.com has pleaded not guilty to three counts of offering unlicensed gambling in the UK. The Paris-based platform, which allows users to trade soccer playing cards in the form of NFTs, formally entered its plea via its lawyers...
