4211 stories by Philip Conneller
New York Sues Crypto Giants Coinbase and Gemini in $3.4 Billion Prediction Market Crackdown
New York sues Coinbase and Gemini over alleged illegal prediction markets State seeks billions, claiming platforms operate as unlicensed gambling services Crypto firms argue contracts are federally regulated derivatives, not gambling New York is the...
UPDATE: MGM Fails to Settle With Rodman’s Ex-Agent Over Vegas VIP Ketamine Claim
Parties fail to settle alleged drink spiking in VIP casino Agent claims ketamine exposure led to $2 million gambling loss Judge allowed case to proceed before confidential settlement reached A case involving a high-stakes sports...
Ex-Girlfriend’s Tip Leads to Massive $8M Illegal Betting Bust in Las Vegas
Las Vegas man accused of running $8M illegal betting operation Used offshore Costa Rica site and local agents to take bets Hedged risk through Nevada sportsbooks before investigation and arrest A scorned ex-girlfriend’s tip led...
Banned but Branded: Why Polymarket Is Paying $22M to Sponsor Lazio Despite Italy Ban
Polymarket lands first-ever team sponsorship with Serie A club Lazio Deal highlights clash between Italian gambling laws and sponsorship strategies Global exposure outweighs lack of access for Italian users Prediction giant Polymarket is leaping into...
‘Fraud-for-Fun’: Hacker Sentenced in $600K Plot to Raid DraftKings Accounts
Hackers accessed DraftKings accounts using stolen login credentials Fraudsters added payment options and used small deposits to verify access Incident highlights rising risks in online betting account security A Memphis man was sentenced to 30...
Ninth Circuit Probes Prediction Market Legality Under Federal Law
Ninth Circuit weighs whether prediction markets are finance or gambling Nevada argues sports-event contracts violate state gambling laws Judges question if federal rules already ban “gaming” contracts Are prediction markets a type of financial product...
Lumbee Tribe to Vote on Casino Plan After Federal Recognition
Lumbee Tribe to vote on casino gaming after federal recognition win Casino could create up to 3,000 jobs locally Robeson County site along I-95 offers strategic location advantage With federal recognition secured, North Carolina’s Lumbee...
34 Men Missing: Interpol Issues Red Notice for Gambling Tycoon Atong Ang
Interpol issues red notice as Atong Ang evades arrest Dozens of sabungeros vanished amid allegations of match-fixing and murder Searches in Taal Lake uncover remains but no confirmed identities Interpol has issued a red notice...
North Fork Rancheria Vows to Open New Casino Despite State Supreme Court Blow
North Fork Rancheria continues casino construction despite California court setback Federal approvals cited as tribe challenges state authority over gaming rights Voter rejection and rival tribes fuel ongoing legal and political fight The North Fork...
Billionaire Richard Desmond Loses Massive £1.3bn Lottery Battle
High Court throws out Desmond’s £1.3bn National Lottery claim Judge criticizes “inexcusable” errors and shifting legal arguments Allwyn license decision upheld as lawful despite Desmond challenge A London High Court judge has tossed a £1.3...